A Message from Huge Alerts 2024 has been a record year for this company. And their financial results make it no surprise that Zack’s Small Cap Research has a BULLISH price target of $32.50!  The biotech space could be looking at another exciting year of growth in 2024, and this is one company to keep your eyes on. A leading MedTech company focused on the development, manufacture, and commercialization of placental-derived biologics for advanced wound care. They drive innovation in the wound care space and recently announced a significant patent. This is the first and only patent granted for use in tabular fenestrated allografts, which will support the company’s commercial efforts and expand its IP portfolio. With 27 patents pending and 42 issued, BioStem has a strong portfolio across the wound care landscape that will protect the company as it forges ahead in the market. This company addresses two multi-billion dollar markets and has seen record breaking quarterly results all year! This company recently released its 3Q2024 financial results, which continued to impress as revenues for the quarter bested estimates at $82.6 million and the gross profit margin moved to 95% from 91% in the year ago period. Net income was $0.32 per share, up from a loss a year ago and also above analyst estimates. They have been reporting a string of better-than-expected results as company management continues to hit on all cylinders. Included in the several positive catalysts in 2024 were study results that showed the company’s signature technology, BioREtain, showing superior performance over the traditional standard of care! Their products are proving to be better over existing treatments and the company is accelerating commercial growth. There’s a good reason why Zack’s SCR keeps lifting its price target on the company and believes they are still undervalued! See why 2025 could be another breakout year of growth for this BioTech company and its shareholders! |
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