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Hayfarmer, excellent post!! I also keep looking for new installation sites.
What's it going to take to get this share price moving north of $20.00 a share? Improving Q2 revenue's numbers?
Agree 100%. I'm not going anywhere!
It could be down on very little volume.
Agree, but like the fact they have at least 15 contracts in hand for new locations. If memory serves me right this is the first time they have made this kind of announcement. I believe going forward they will be more transparent in regards to new contracts. It will probably be a rough next two months but I think once we get Q2 numbers things will be much clearer.
Once things calm down I will look to add at these levels. Let's see what RJ says in his next report.
I really believe it has a lot to do with the Nasdaq market getting crushed.
I'm not sure if one of their problems is with Radnet. I know we have a pandemic but the contract was signed over a year ago and we only have one site up and running. I will be interested to see if they break down numbers for each site. I know they have not done that in the past but I'm hoping someone will ask how is the Radnet site doing.
Sorry, It should be $32.68 US
Hayfarmer, please correct me if I'm wrong. If his target is $43C then I believe his US target will be close to $28.38. If that is correct then he actually lowered his price target. That would also explain the weakness in the stock price.
Lazer, I feel your pain! Nasdaq down 322 points as I write this and we are up $0.50 so far today on decent volume. I don't want to read to much into this but nice to be in the green for a change
Thinking of adding here but I can't pull the trigger.
I don't understand why RJ hasn't reiterated his buy on the stock at this price level unless he's expecting negative news.
The one thing that really bothers me is I don't see any insider buying at these levels.
I also have my long position and hoping we get some positive news in a couple weeks. A strong 2Q and a positive outlook for the rest of the year will send us into the low to mid 20's. The fact that they have slowed down opening new sites gives me cause for concern. I also wish they would be more bullish with their PR's. Good luck to you!
Volume picking up, not sure if that's a good or bad sign.
I feel like we are the forgotten child.
The combination of a bad market and no interest in the stock is hurting us now. Any positive news and we should pop above 22-23 very quickly.
let them walk it down, I will be buying. They can only hold it down for so long before Profound's excellent fundamentals kick in and they release some great news!
wow!!!!!!!!!!!!!!
$18.00 in the after market. Folks, I think we have a real problem here!
is this a buying opportunity or is there more to this drop?
The Tulsa-Pro system was featured on the March 2021 cover of The Journal of Urology.
All good points, thank you for posting. I look forward to listening to the interviews.
My understanding is once they show a new site it is up and running.
Nice move today in a terrible market on almost 3 times the average volume.
I also watched the 40K block that took the share price from the just below 21.00 to over 22.00 dollars a share. We never dropped below 22.00 for the rest of the day.
Correct on the PR. I wish they would do a PR when they ink a new deal. I'm also wondering why the stock is down this morning. I'm wondering if it's because they wouldn't give any projections on how many sites they expect to have up and running this year. I understand it's because of the covid situation.
I'm looking forward to his next research report. I want to read what he has to say after today's conference call.
I also like the fact they are doing 50% more procedures ( 60 ) on average at existing sites.
Google Raymond James profound medical update.
what did you see in after hours?
Thank you for trying! I was able to find it and I like what he had to say. He boosted FY2024 ESP to $3.42 up from $3.38 a share.
Thank you for sharing. Is it possible for you to share the RJ link? If Rahul reiterated his buy recommendation yesterday then I'm sure he is expecting good news from Tuesdays call.
Profound Medical to participate in March Virtual Investor Conferences.
The timing of these are very interesting. The first one is with Raymond James 42nd annual institutional investors conference the day after the conference call and the second one is a day later with Cowen's 41st annual health care conference.
We are down over 25% since our recent new high. I'm sure some it has to do with market conditions and stop orders. I still believe we are going to receive some negative news. If that is the case, I hope most of it is already built into the price of the stock. I think it's to late to sell here and to early to buy at this level. I want to wait to see the numbers and hear what they have to say on the conference call. You have to ask yourself with a 25% drop why aren't the analyst's reiterating their buy recommendations.
This is really bad guys!!
I think you can buy the dips if you are long term like me. We just don't know how much lower this will go. We know markets look 6 months out and for that reason I'm surprised we are not doing better. We did great when Covid-19 was really bad and now that it seems we are getting it under control we are going the opposite way.
Larry
Markets were up big today, and once again ( I'm not sure how many days in a row we have closed down ) we closed in the red on volume that has been way above average. My feeling is we are not going to like what we hear on the conference call.
Larry
3/02/21-conference call at 4.30.
Janey, a lot of green numbers today. I'm surprised at this point we haven't had a move to the upside. I'm looking forward to next weeks conference call.
Larry
I'm hoping we can at least close at 23 or above. We have been beaten down pretty good.