APYX Stock Summary and Trading Ideas (Apyx Medical | NASDAQ:APYX)

Apyx Medical Corp is an energy technology medical device company. It specializes in developing, manufacturing, and marketing a range of cosmetic and surgical products and technologies, as well as related medical products used in doctor's offices, surgery centers, and hospitals. Its product offerings comprise Renuvion cosmetic technology, which offers plastic surgeons, facial plastic surgeons, and cosmetic physicians the ability to provide controlled heat to the tissue to achieve desired results. The J-Plasma system allows surgeons to operate with a high level of precision and virtually eliminates unintended tissue trauma. It operates in two segments namely: Advanced Energy and Original Equipment Manufacturing (OEM). Its Advanced Energy segment derives the majority of its revenue.

Apyx Medical trades on the NASDAQ stock market under the symbol APYX.

As of April 17, 2024, APYX stock price declined to $1.32 with 87,576 million shares trading.

APYX has a beta of 0.59, meaning it tends to be less sensitive to market movements. APYX has a correlation of 0.00 to the broad based SPY ETF.

APYX has a market cap of $45.69 million. This is considered a Sub-Micro Cap stock.

Last quarter Apyx Medical reported $15 million in Revenue and -$.28 earnings per share. This fell short of revenue expectation by $-188,000 and missed earnings estimates by -$.10.

In the last 3 years, APYX stock traded as high as $17.50 and as low as $1.21.

The top ETF exchange traded funds that APYX belongs to (by Net Assets): VTI, VXF, IWC, DFAS, DFAC.

APYX has underperformed the market in the last year with a price return of -56.0% while the SPY ETF gained +23.0%. APYX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -33.3% and -10.8%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

APYX support price is $1.30 and resistance is $1.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APYX stock will trade within this expected range on the day.