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With 3.7% Distance From Low, Could MedAvail Holdings Inc. (NASDAQ:MDVL) Post Further Gains?

In last trading session, MedAvail Holdings Inc. (NASDAQ:MDVL) saw 0.19 million shares changing hands with its beta currently measuring 0.36. Company’s recent per share price level of $0.54 trading at -$0.05 or -7.85% at ring of the bell on the day assigns it a market valuation of $43.48M. That closing price of MDVL’s stock is at a discount of -559.26% from its 52-week high price of $3.56 and is indicating a premium of 3.7% from its 52-week low price of $0.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.15 million shares which gives us an average trading volume of 76.36K if we extend that period to 3-months.

For MedAvail Holdings Inc. (MDVL), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.

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MedAvail Holdings Inc. (NASDAQ:MDVL) trade information

Upright in the red during last session for losing -7.85%, in the last five days MDVL remained trading in the red while hitting it’s week-highest on Monday, 11/21/22 when the stock touched $0.54 price level, adding 21.74% to its value on the day. MedAvail Holdings Inc.’s shares saw a change of -61.41% in year-to-date performance and have moved -16.88% in past 5-day. MedAvail Holdings Inc. (NASDAQ:MDVL) showed a performance of -29.83% in past 30-days. Number of shares sold short was 0.31 million shares which calculate 4.1 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $4.50 to the stock, which implies a rise of 88.0% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $5.00. It follows that stock’s current price would drop -825.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -640.74% for stock’s current value.

MedAvail Holdings Inc. (MDVL) estimates and forecasts

Statistics highlight that MedAvail Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -65.14% of value to its shares in past 6 months, showing an annual growth rate of 37.31% while that of industry is 3.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 55.90% in the current quarter and calculating 60.50% increase in the next quarter. This year revenue growth is estimated to rise 97.20% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $11.28 million for the same. And 2 analysts are in estimates of company making revenue of $12.1 million in the next quarter that will end on Dec 2022. Company posted $5.79 million and $7.28 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 94.80% while estimating it to be 66.20% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 34.20% during past 5 years.

MDVL Dividends

MedAvail Holdings Inc. is more likely to be releasing its next quarterly report between March 28 and April 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

MedAvail Holdings Inc. (NASDAQ:MDVL)’s Major holders

Insiders are in possession of 14.32% of company’s total shares while institution are holding 88.07 percent of that, with stock having share float percentage of 102.79%. Investors also watch the number of corporate investors in a company very closely, which is 88.07% institutions for MedAvail Holdings Inc. that are currently holding shares of the company. Redmile Group, LLC is the top institutional holder at MDVL for having 25.19 million shares of worth $38.54 million. And as of Jun 29, 2022, it was holding 31.48% of the company’s outstanding shares.

The second largest institutional holder is ABG-WTT Global Life Science Capital Partners GP Ltd, which was holding about 15.03 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 18.78% of outstanding shares, having a total worth of $23.0 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Micro Cap ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.0 million shares of worth $1.53 million or 1.25% of the total outstanding shares. The later fund manager was in possession of 76177.0 shares on Sep 29, 2022, making its stake of worth around $59113.0 in the company or a holder of 0.10% of company’s stock.

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