An interesting stock that came up in some of our conversations today is Milestone Scientific Inc. (NYSE:MLSS). At current price of $0.32, the shares have already lost -0.02 points (-4.41% lower) from its previous close of $0.34. Should you buy or avoid them? The stock sets an active trading volume day with a reported 83562 contracts so far this session. MLSS shares had a relatively better volume day versus average trading capacity of 408.54 thousand shares, but with a 25.02 million float and a -4.31% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MLSS stock indicates that the average analyst price target is $1 per share. This means the stock has a potential increase of 212.5% from where the MLSS share price has been trading recently which is between $0.33 and $0.35. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $1.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Milestone Scientific’s CompuFlo(R) Epidural Instrument Featured in Multiple Abstracts at Euroanaesthesia 2019” and dated June 10, 2019.
During the recent trading session for Milestone Scientific Inc. (NYSE:MLSS), the company witnessed their stock rise $0.01 over a week and tumble down $-0.08 from the price 20 days ago. When compared to their established 52-week high of $1.09, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 12/12/18. The recent low of $0.26 stood for a -70.1% since 12/27/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.69 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Milestone Scientific Inc., the two-week RSI stands at 44.22. This figure suggests that MLSS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current MLSS readings is similarly very revealing as it has a stochastic reading of 15.15% at this stage. This figure means that MLSS share price today is being overbought.
Technical chart claims that Milestone Scientific Inc. (MLSS) would settle between $0.35/share to $0.37/share level. However, if the stock price goes below the $0.33 mark, then the market for Milestone Scientific Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.31 for its downside target.
Analysts at Maxim Group lifted target price for shares of MLSS but were stick to Buy recommendation for the stock in their opinion released on November 16. The price target has been raised from $3 to $1.50. Maxim Group analysts again handed out a Buy recommendation to Milestone Scientific Inc. (NYSE:MLSS) stock but they lifted target price for the shares in a flash note issued to investors on December 23. The target price has been raised from $5 to $4. Analysts at Maxim Group, made their first call for the equity with a Buy recommendation, according to a research note that dated back to December 11.
MLSS equity has an average rating of 2, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Milestone Scientific Inc. (NYSE:MLSS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MLSS stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.43 while for the average stock in the same group, the multiple is 6.49.