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MIMEDX to Host Fourth Quarter and Full Year 2024 Operating and Financial Results Conference Call on February 26
Globenewswire· 2025-02-05 13:00
Company Announcement - MiMedx Group, Inc. will report its operating and financial results for Q4 and the full year ended December 31, 2024 on February 26, 2025 after market close [1] - A webcast and conference call will be hosted by the senior management team at 4:30 p.m. Eastern Time on the same day to review the results [1] Conference Call Details - The conference call can be accessed by U.S. investors at 877-407-6184 and international investors at 201-389-0877, with Conference ID 13751444 [2] - A replay of the webcast will be available for approximately 30 days on the company's website following the event [2] Company Overview - MiMedx is a pioneer in healing solutions, focusing on chronic and hard-to-heal wounds, with a commitment to innovation in wound care, burn, and surgical sectors [3] - The company's vision is to be the leading global provider of healing solutions, aiming to restore quality of life through relentless innovation [3]
MiMedx (MDXG) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2024-12-18 14:50
Core Insights - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that successful entry into trends is crucial for profitability [1][2]. Group 1: Stock Performance - MiMedx (MDXG) has shown a solid price increase of 60.7% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also maintained a price increase of 3.1% over the last four weeks, suggesting that the upward trend is still intact [5]. - MDXG is currently trading at 86.9% 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 article suggests using the "Recent Price Strength" screen to identify stocks like MDXG that are on an uptrend supported by strong fundamentals [3][8]. - It also mentions the importance of backtesting stock-picking strategies to ensure they have produced profitable results in the past [9].
MIMEDX Files Patent Infringement Lawsuit Against Surgenex
Globenewswire· 2024-12-17 14:00
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].
Recent Price Trend in MiMedx (MDXG) is Your Friend, Here's Why
ZACKS· 2024-12-02 19:25
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].
How Much Upside is Left in MiMedx (MDXG)? Wall Street Analysts Think 37.12%
ZACKS· 2024-11-20 15:55
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]
MiMedx (MDXG) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-11-15 14:50
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, ...
MIMEDX's Advocacy to Rein in Runaway Medicare Spend for Skin Substitutes Has Yielded Significant Results with Planned Implementation of LCDs
GlobeNewswire News Room· 2024-11-14 14:15
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].
Can MiMedx (MDXG) Climb 77.92% to Reach the Level Wall Street Analysts Expect?
ZACKS· 2024-11-04 15:55
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) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-30 22:26
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 ...
MiMedx(MDXG) - 2024 Q3 - Quarterly Report
2024-10-30 20:01
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 ...