Figma Shares Indicated To Open $105/$110
Investing.com - Roth/MKM initiated coverage on SANUWAVE Health (NASDAQ:SNWV) with a Buy rating and a $49.00 price target on Tuesday, representing significant upside from the current price of $35.75. The stock has already demonstrated remarkable performance, delivering a 460% return over the past year.
The research firm highlighted SANUWAVE’s compelling top- and bottom-line growth profile in what it described as a large and untapped market for wound care technology.
Roth/MKM noted that despite the company already exhibiting approximately 30% AEBITDA margins, further upside remains from its new lower-cost applicator, under-utilized capacity, maturing sales force, and expanding installed base of systems.
SANUWAVE Health is a medical technology company focused on commercializing its UltraMIST system, a non-contact, low-frequency ultrasound therapy platform used for treating complex wounds that received FDA 510(k) clearance in 2014.
The technology uses ultrasound delivered through a saline mist to promote healing by facilitating painless debridement and stimulating cellular activity, and is indicated for various chronic and acute wounds including diabetic foot ulcers, venous leg ulcers, and surgical wounds.
In other recent news, Sanuwave Health, Inc . announced the appointment of Dustin Libby as Executive Vice President of Commercial Operations. Libby brings over 20 years of experience in the medical device sector, having previously held significant roles at companies like Abiomed (NASDAQ:ABMD) and Smith & Nephew (LON:SN). His expertise is expected to enhance Sanuwave’s commercial growth and operational strategies. Additionally, Sanuwave reported changes to its board of directors, with A. Michael Stolarski resigning and Greg Bazar being appointed as a new board member and member of the Compensation Committee. Bazar will receive stock options as part of his compensation, which will vest quarterly over three years. Known for his background in engineering, computer science, and cybersecurity, Bazar also serves as Chairman of Simpatico Systems. These developments reflect Sanuwave’s ongoing efforts to strengthen its leadership and strategic direction.
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