Core Viewpoint - MiMedx Group, Inc. has filed a lawsuit against Surgenex, LLC for patent infringement related to placental allograft products, seeking both injunctive relief and monetary damages [1][2]. Company Overview - MiMedx is a pioneer in the development of placental allografts, holding an extensive portfolio of over 70 patents, including some of the earliest intellectual property in this category [2]. - The company focuses on providing solutions for chronic and hard-to-heal wounds, with a vision to be the leading global provider of healing solutions through innovation [3]. Legal Actions - This lawsuit marks the second legal action taken by MiMedx against Surgenex, following earlier litigation concerning corporate raiding and unfair competitive practices [1]. - The company anticipates uncovering additional infringing products as it continues its investigation into the market [2].

Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - MiMedx (MDXG) has shown a solid price increase of 50.4% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - The stock has also increased by 33.5% over the last four weeks, suggesting that the upward trend is still intact [5]. - MDXG is currently trading at 90.7% of its 52-week high-low range, indicating a potential breakout [6]. Group 2: Fundamental Strength - MDXG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like MDXG that have the fundamental strength to sustain their recent uptrends [3]. - The article suggests that there are several other stocks passing through this screen, providing additional investment opportunities [8].

Core Viewpoint - MiMedx (MDXG) has shown a significant price increase of 61.5% over the past four weeks, with a mean price target of $12.67 indicating a potential upside of 37.1% from the current price of $9.24 [1] Price Targets - The average price target consists of six estimates ranging from a low of $11 to a high of $16, with a standard deviation of $1.75, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a potential increase of 19.1%, while the highest suggests a 73.2% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have shown increasing optimism about MDXG's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher [9] - Over the last 30 days, two estimates have been revised upward, leading to a 13.5% increase in the Zacks Consensus Estimate [10] - MDXG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be prudent, as empirical research indicates that such targets often mislead investors [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Core Viewpoint - The revised Local Coverage Determinations (LCDs) will no longer cover over 200 unproven skin substitutes, emphasizing the need for clinically effective and proven products in the wound care industry [1][2]. Group 1: Changes in LCDs - The number of separate treatment applications a patient can receive has increased from 4 to 8 [1]. - Treatment duration has been extended from 12 to 16 weeks [1]. - The Medicare Administrative Contractors (MACs) require well-powered, peer-reviewed clinical evidence for reimbursement [1]. Group 2: Industry Context - The wound care industry has seen a significant increase in spending, now exceeding $1 billion per month, which is over a 20-fold increase in the past five years [2]. - The MACs' actions are viewed as a corrective measure to address reimbursement abuses in the industry [2][3]. Group 3: Company Position - MiMedx Group, Inc. has two allografts, EPIFIX® and EPICORD®, on the list of covered products, positioning the company to benefit from the revised LCDs due to strong clinical evidence supporting its products [4]. - The company aims to restore order and good fiscal governance to the Medicare outpatient reimbursement system while ensuring patient access to clinically proven solutions [3]. Group 4: Company Overview - MiMedx is a leader in providing healing solutions for chronic and hard-to-heal wounds, with a vision to be the leading global provider through relentless innovation [5].

MiMedx (MDXG) closed the last trading session at $6.93, gaining 20.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $12.33 indicates a 77.9% upside potential.The average comprises six short-term price targets ranging from a low of $11 to a high of $14, with a standard deviation of $1.03. While the lowest estimate indicates an increase of 58.7% from the current price level, the mo ...

MiMedx (MDXG) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this developer of biomaterials made from sterilized human amniotic membrane would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________to______________________ Commission File Number 001-35887 MIMEDX GROUP, INC. (Exact name of registrant as specified in its charter) Florida 26-2 ...

Net Sales of $84 million Grew 3% Year-Over-Year for the Third Quarter Third Quarter GAAP Net Income and Earnings Per Share were $8 Million and $0.05, Respectively Third Quarter Adjusted EBITDA was $18 Million, or 22% of Net Sales Raises 2024 Net Sales Growth Expectations to the High Single-Digits Management to Host Conference Call Today, October 30, 2024, at 4:30 PM ET MARIETTA, Ga., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MiMedx Group, Inc. (Nasdaq: MDXG) ("MIMEDX" or the "Company"), today announced operating an ...

Earnings Announcement - The company will report its operating and financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024 [1] - The senior management team will host a webcast and conference call to review the results beginning at 4:30 p m Eastern Time on the same day [1] - The conference call can be accessed via webcast or by dialing 877-407-6184 for U S investors and 201-389-0877 for international investors with Conference ID 13748866 [1] - A replay of the webcast will be available for approximately 30 days on the company's website at www mimedx com following the conclusion of the event [1] Company Overview - The company is a pioneer and leader in helping humans heal, with over a decade of experience in assisting clinicians with chronic and hard-to-heal wounds [2] - It is dedicated to providing a leading portfolio of products for applications in the wound care, burn, and surgical sectors of healthcare [2] - The company's vision is to be the leading global provider of healing solutions through relentless innovation to restore quality of life [2] Contact Information - For investor relations inquiries, contact Matt Notarianni at 470-304-7291 or mnotarianni@mimedx com [3]