On 5/1/24, MiMedx Group Inc (NASDAQ: MDXG) stock enjoyed a major increase of 18.7%, closing at $7.31. Moreover, exceptionally high trading volume at 252% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 12.3% during the last week.
Current PriceTarget Research Rating
MDXG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MiMedx Group has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. MiMedx Group has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 57, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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