MDXG Stock Summary and Trading Ideas (Mimedx Group | NASDAQ:MDXG)

MiMedx Group Inc develops and markets regenerative biomaterial products and bioimplants made from the human amniotic membrane, birth tissues, and human skin & bone. Its products are primarily targeted towards the wound-care, burn, surgical, sports medicine, and orthopedics markets. MiMedx's key products are allografts processed from amniotic tissue, which include EpiFix for external use and AmnioFix for internal use. AmnioCord, AmnioFill, EpiBurn, and EpiCord are some of its other products. Also, it sells allografts for ophthalmic surgery and dental applications through licenses to third parties.

Mimedx Group trades on the NASDAQ stock market under the symbol MDXG.

As of April 24, 2024, MDXG stock price declined to $6.43 with 620,140 million shares trading.

MDXG has a beta of 0.93, meaning it tends to be less sensitive to market movements. MDXG has a correlation of 0.03 to the broad based SPY ETF.

MDXG has a market cap of $948.96 million. This is considered a Small Cap stock.

Last quarter Mimedx Group reported $87 million in Revenue and $.04 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.03.

In the last 3 years, MDXG stock traded as high as $15.99 and as low as $2.43.

The top ETF exchange traded funds that MDXG belongs to (by Net Assets): VTI, IWM, XBI, VXF, IWN.

MDXG has outperformed the market in the last year with a return of +71.5%, while the SPY ETF gained +24.2%. However, in the most recent history, MDXG shares have underperformed the stock market with its stock returning -23.5% in the last 3 month period and -8.4% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

MDXG support price is $6.32 and resistance is $6.70 (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 MDXG stock will trade within this expected range on the day.