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ELMD
Stock ticker: ASE
AS OF
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Price
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Capitalization
88.29M

ELMD Electromed Forecast, Technical & Fundamental Analysis

a developer of airway clearance products

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ELMD with price predictions
08:00 PM EDT Sep 25, 2023

ELMD's RSI Indicator ascending out of oversold territory

The RSI Oscillator for ELMD moved out of oversold territory on August 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 69 cases where ELMD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

ELMD moved above its 50-day moving average on September 26, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ELMD crossed bullishly above the 50-day moving average on September 05, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ELMD advanced for three days, in of 246 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ELMD as a result. In of 123 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ELMD turned negative on September 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ELMD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ELMD broke above its upper Bollinger Band on August 23, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ELMD entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ELMD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.333) is normal, around the industry mean (24.932). P/E Ratio (28.490) is within average values for comparable stocks, (79.196). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.230). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (1.859) is also within normal values, averaging (58.009).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abbott Laboratories (NYSE:ABT), Medtronic plc (NYSE:MDT), Intuitive Surgical (NASDAQ:ISRG), Boston Scientific Corp (NYSE:BSX), Edwards Lifesciences Corp (NYSE:EW), IQVIA Holdings (NYSE:IQV), Align Technology (NASDAQ:ALGN), Illumina (NASDAQ:ILMN), Exact Sciences Corp (NASDAQ:EXAS), Guardant Health (NASDAQ:GH).

Industry description

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

Market Cap

The average market capitalization across the Medical Specialties Industry is 6.32B. The market cap for tickers in the group ranges from 27 to 3.82T. MKYSF holds the highest valuation in this group at 3.82T. The lowest valued company is FOGCF at 27.

High and low price notable news

The average weekly price growth across all stocks in the Medical Specialties Industry was -2%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was -9%. FEMY experienced the highest price growth at 363%, while RHNMF experienced the biggest fall at -54%.

Volume

The average weekly volume growth across all stocks in the Medical Specialties Industry was 14%. For the same stocks of the Industry, the average monthly volume growth was 62% and the average quarterly volume growth was 174%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 72
Price Growth Rating: 66
SMR Rating: 84
Profit Risk Rating: 88
Seasonality Score: -21 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

ELMD is expected to report earnings to rise 8.33% to 12 cents per share on November 14

Electromed ELMD Stock Earnings Reports
Q3'23
Est.
$0.13
Q2'23
Beat
by $0.02
Q1'23
Beat
by $0.02
Q4'22
Beat
by $0.09
Q3'22
Missed
by $0.03
The last earnings report on August 22 showed earnings per share of 11 cents, beating the estimate of 10 cents. With 2.30K shares outstanding, the current market capitalization sits at 88.29M.
A.I. Advisor
published General Information

General Information

a developer of airway clearance products

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
500 Sixth Avenue NW
Phone
+1 952 758-9299
Employees
170
Web
https://www.smartvest.com
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ELMD and

Correlation & Price change

A.I.dvisor tells us that ELMD and CORBF have been poorly correlated (+27% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ELMD and CORBF's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELMD
1D Price
Change %
ELMD100%
+1.41%
CORBF - ELMD
27%
Poorly correlated
+1.63%
AORT - ELMD
22%
Poorly correlated
+2.17%
IINN - ELMD
20%
Poorly correlated
-1.48%
INVO - ELMD
20%
Poorly correlated
-1.72%
ISRG - ELMD
13%
Poorly correlated
-0.86%
More

Groups containing ELMD

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELMD
1D Price
Change %
ELMD100%
+1.41%
Medical Specialties
(undefined stocks)
10%
Poorly correlated
+0.02%
Medical Specialties
(undefined stocks)
10%
Poorly correlated
+0.02%
medical service
(undefined stocks)
-0%
Poorly correlated
+0.03%
medical research
(undefined stocks)
-1%
Poorly correlated
+0.06%