This trade activity should not be overlooked: STRATA Skin Sciences Inc. (SSKN)

STRATA Skin Sciences Inc. (NASDAQ: SSKN) stock fell -31.29% on Monday to $0.69 against a previous-day closing price of $1.00. With 0.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $0.7449 whereas the lowest price it dropped to was $0.6516. The 52-week range on SSKN shows that it touched its highest point at $1.39 and its lowest point at $0.45 during that stretch. It currently has a 1-year price target of $3.90. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SSKN was up-trending over the past week, with a rise of 16.46%, but this was up by 18.47% over a month. Three-month performance dropped to -24.93% while six-month performance fell -19.16%. The stock lost -31.97% in the past year, while it has lost -13.04% so far this year. A look at the trailing 12-month EPS for SSKN yields -0.20 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.04. This implies an EPS growth rate of -101.20% for this year and 55.00% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -16.90%.

Float and Shares Shorts:

At present, 34.88 million SSKN shares are outstanding with a float of 21.32 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.36 million, which was 1.03% higher than short shares on Jul 30, 2023. In addition to Mr. Robert J. Moccia as the firm’s Pres, CEO & Director, Mr. Christopher Lesovitz serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 66.76% of SSKN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 63.18% of SSKN, in contrast to 34.65% held by mutual funds. Shares owned by individuals account for 3.00%. As the largest shareholder in SSKN with 15.38% of the stake, 22NW LP holds 5,369,954 shares worth 5,369,954. A second-largest stockholder of SSKN, Nantahala Capital Management LLC, holds 4,393,685 shares, controlling over 12.58% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in SSKN, holding 1,093,153 shares or 3.13% stake. With a 1.70% stake in SSKN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 593,248 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.67% of SSKN stock, is the second-largest Mutual Fund holder. It holds 235,454 shares valued at 0.15 million. Perritt Ultra Micro Cap Fund holds 0.29% of the stake in SSKN, owning 100,000 shares worth 64100.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SSKN reported revenue of $9.11M and operating income of -$1.69M. The EBITDA in the recently reported quarter was -$253.00k and diluted EPS was -$0.05.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SSKN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SSKN analysts setting a high price target of $4.00 and a low target of $3.80, the average target price over the next 12 months is $3.90. Based on these targets, SSKN could surge 479.71% to reach the target high and rise by 450.72% to reach the target low. Reaching the average price target will result in a growth of 465.22% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SSKN stock several times over the past three months with 9 Buys and 0 Sells. In these transactions, 2,089,820 shares were bought while 0 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 2,089,820 while 0 shares were sold.

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