On May 16, 2023, Rich Cockrell, an analyst at CG Capital, has reiterated his Outperform rating for Strata Skin Sciences (NASDAQ: SSKN) and maintained a price target of $4. According to CNN Business, two analysts have provided 12-month price forecasts for STRATA Skin Sciences Inc, with a median target of $4.05, a high estimate of $4.10, and a low estimate of $4.00. As of April 6, 2023, the stock price for SSKN was approximately $1.03 per share.
SSKN
Buy
Updated on: 16/05/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
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SSKN Stock Performance and Financial Analysis for May 16, 2023
On May 16, 2023, SSKN stock opened at 1.10, which was higher than its previous close of 1.04. The day’s range for the stock was between 1.04 and 1.10, with a volume of 124 shares traded.
SSKN operates in the health technology sector and the medical specialties industry. The company’s corporate headquarters are located in Horsham, Pennsylvania.
SSKN’s market cap was $35.2M, and the company had a price/sales ratio of 0.76 and a price/book ratio of 1.61. The company did not have a P/E ratio as its earnings were negative. The earnings growth for the last year was -101.13%, and for this year, it was -290.58%. However, the earnings growth for the next five years was expected to be positive at 25.00%. The revenue growth for the last year was 20.63%.
SSKN’s next reporting date was August 14, 2023, with an EPS forecast of -$0.05. The company had an annual revenue of $36.2M and an annual profit of -$5.5M, resulting in a net profit margin of -15.35%.
In conclusion, SSKN’s stock performance on May 16, 2023, was relatively stable, with a slight increase in its stock price. The company’s negative earnings growth and net profit margin may be a concern for investors, but the positive earnings growth forecast for the next five years may provide some hope for the company’s future.
STRATA Skin Sciences Inc (SSKN) Stock Expected to Increase by 289.42%: Analysts Target Price Analysis
On May 16, STRATA Skin Sciences Inc (SSKN) had a median target price of 4.05, with a high estimate of 4.10 and a low estimate of 4.00. This indicates that the stock is expected to experience a significant increase of 289.42% from its last price of 1.04.