Is Milestone Scientific Inc (AMEX: MLSS) Stock Poised for More Growth?

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In the last trading session, 60759.0 Milestone Scientific Inc (AMEX:MLSS) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $0.85 changed hands at -$0.02 or -2.30% during last session, the market valuation stood at $64.68M. MLSS’s last price was a discount, traded about -29.41% off its 52-week high of $1.10. The share price had its 52-week low at $0.52, which suggests the last value was 38.82% up since then. When we look at Milestone Scientific Inc’s average trading volume, we note the 10-day average is 0.16 million shares, with the 3-month average coming to 147.28K.

Milestone Scientific Inc (AMEX:MLSS) trade information

Instantly MLSS was in red as seen at the end of in last trading. With action -2.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 20.35%, with the 5-day performance at -2.31% in the red. However, in the 30-day time frame, Milestone Scientific Inc (AMEX:MLSS) is 7.27% up. Looking at the short shares, we see there were 0.11 million shares sold at short interest cover period of 1.65 days.

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The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 78.75% from its current market value. According to analyst projections, MLSS’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a -370.59% plunge from its current level, while the stock would need to soar -370.59% for it to hit the projected low.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.67%. The 2024 estimates are for Milestone Scientific Inc earnings to increase by 50.00%.

MLSS Dividends

Milestone Scientific Inc is expected to release its next quarterly earnings report in January.

Milestone Scientific Inc (AMEX:MLSS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.50% of Milestone Scientific Inc shares while 5.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 6.47%. There are 5.47% institutions holding the Milestone Scientific Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.6902% of the shares, roughly 2.15 million MLSS shares worth $1.47 million.

GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.6213% or 0.5 million shares worth $0.34 million as of 2024-06-30.