Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

3 Small-Cap Medical Stocks Moving Markets Today

By MarketBeat.com (Thomas Hughes )Stock MarketsMar 24, 2021 02:28AM ET
www.investing.com/analysis/3-smallcap-medical-stocks-moving-markets-today-200569133
3 Small-Cap Medical Stocks Moving Markets Today
By MarketBeat.com (Thomas Hughes )   |  Mar 24, 2021 02:28AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Small-Cap Healthcare Companies On The Brink Of Major Growth

The rush to end the COVID-19 pandemic put health care companies fully in the spotlight last year. While COVID-19 vaccinations and treatments are a big business we don’t expect it to last, at least not in its current form. With all the vaccines that are pouring out and the preventative treatments that have also flourished, we don’t think COVID-19 will be much of a global problem within only a few years, but that is up for debate.

In the meantime, there are other areas of the healthcare market we think you should know about and a few of them are micro and small-cap stocks on the verge of major growth. Here are three to consider:

1. IRIDEX Corporation On The Cutting Edge Of Eye Care

Eye care doesn’t get much attention from the market but it should. Eye health is a growing concern worldwide with more than 25% of the global population in need of, or suffering from, some form of eye problem that could have or should be addressed. IRIDEX Corporation (NASDAQ:IRIX) is aiming to fix many of those problems with its line of specialty laser devices for ophthalmologists. Among the many diseases the company’s devices can treat are glaucoma and diabetic retinopathy.

The company’s stock began moving about a month ago when the company revealed one of its treatments was approved by the European Glaucoma Society. The move accelerated when preliminary results were revealed to be better than expected and now, with results topping consensus, the outlook for another acceleration is good. A recently announced deal with Topcon Corp (T:7732) will help see to that. Topcon is a Japanese-based manufacturer now the exclusive distributor of IRIDEX lasers in APAC and certain parts of EMEA, widening the market and increasing penetration.

IRIX Stock Chart
IRIX Stock Chart

2. BioLife Solutions Is Fundamental To Cell And Gene Therapy

BioLife Solutions Inc. (NASDAQ:BLFS), is uniquely positioned in that it is a supplier of highly specialized equipment for the cell and gene therapy industries. While not a health care company itself, it is fundamental to the industry and a company whose stock is on the move. Not only did the company deliver a solid 77% increase in YOY revenue but it announced a game-changing acquisition and got an important upgrade to boot.

The acquisition is Global Cooling, the parent company of Stirling Ultracold, a manufacturer of ultra-low temperature mechanical freezers. The deal is an all-stock transaction that will grow BioLife Solutions revenue by 80% by the end of the year with accretive impact to bottom-line results in 2022. The upgrade comes from Benchmark and is from Neutral to Buy. The price target is $54 or 40% from upside from Monday’s close but don’t rush to buy just yet. The premarket action has this stock up 20% so we suggest waiting for a pullback before making any decisions.

BLFS Stock Chart
BLFS Stock Chart

3. Applied Molecular Transport Advances Two Studies

Applied Molecular Transport (NASDAQ:AMTI) is an early-stage clinical biopharma company focused on oral transmission of treatment for a wide range of diseases. The company’s leading candidate is labeled AMT-101 and is backed up by AMT-123 which just got approved for its next trial. AMT-101 is a treatment for ulcerative colitis and has passed its Phase 1 a/b trial while AMT-123 is for the treatment of intestinal defects. The company also has a deep pipeline of candidates that it is working to develop so we expect to hear more from this company soon.

Notably, the company is not making any revenue at this time, but managing its capital well. The latest earnings report shows a loss of $2.91 that beat consensus by $0.38 and the balance sheet is in good shape. The company is sitting on over $129 million in cash with little to no debt. Operations should be sustainable for the next 1 to 2 years without the need for additional financing. Shares of the stock are responding favorably to the news in pre-market action but have yet to get above the short-term EMA which we consider one of several triggers to buy.

AMTI Stock Chart
AMTI Stock Chart

Original Post

3 Small-Cap Medical Stocks Moving Markets Today
 

Related Articles

3 Small-Cap Medical Stocks Moving Markets Today

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email