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MiMedx Group (MDXG) Looks Good: Stock Adds 5.4% in Session

Zacks

MiMedx Group, Inc. MDXG was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 13.9% in the past one-month time frame.

The move came after the company announced its preliminary revenue results for third-quarter 2017. Revenues of $84.6 million, a 33% increase year over year, exceeded the company’s initial guidance range of $79-$80 million by more than 5%.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

MiMedx Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.


Investors interested in the Medical – Biomedical and Genetics industry may consider Exact Sciences Corporation EXAS, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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