$690,000.00 in Sales Expected for Mediwound Ltd (MDWD) This Quarter
Wall Street brokerages expect that Mediwound Ltd (NASDAQ:MDWD) will post $690,000.00 in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Mediwound’s earnings. The lowest sales estimate is $660,000.00 and the highest is $700,000.00. Mediwound posted sales of $430,000.00 in the same quarter last year, which would indicate a positive year-over-year growth rate of 60.5%. The company is expected to issue its next earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that Mediwound will report full-year sales of $690,000.00 for the current fiscal year, with estimates ranging from $2.53 million to $2.63 million. For the next year, analysts anticipate that the company will post sales of $8.35 million per share, with estimates ranging from $5.80 million to $9.83 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Mediwound.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Mediwound from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 25th. Zacks Investment Research lowered shares of Mediwound from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. SunTrust Banks set a $9.00 target price on shares of Mediwound and gave the stock a “buy” rating in a research note on Thursday, November 16th. Oppenheimer set a $10.00 target price on shares of Mediwound and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Cowen initiated coverage on shares of Mediwound in a research note on Thursday, September 28th. They set an “outperform” rating and a $9.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $9.13.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. acquired a new stake in Mediwound in the 3rd quarter valued at about $2,140,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Mediwound by 20.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,028,112 shares of the biopharmaceutical company’s stock valued at $13,791,000 after acquiring an additional 342,165 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in Mediwound in the 3rd quarter valued at about $1,538,000. Wells Fargo & Company MN raised its holdings in Mediwound by 23.5% in the 2nd quarter. Wells Fargo & Company MN now owns 65,763 shares of the biopharmaceutical company’s stock valued at $447,000 after acquiring an additional 12,522 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Mediwound by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 75,600 shares of the biopharmaceutical company’s stock valued at $499,000 after acquiring an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 29.46% of the company’s stock.
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MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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