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Pulmonx Corp (NASDAQ:LUNG) stock has hit a 52-week low, dropping to $5.38, as the company faces a challenging market environment. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 5.58 and holds more cash than debt on its balance sheet. This new low underscores a significant downturn for the medical device company, which has seen its stock price erode by -32.09% over the past year. Despite the challenges, the company has achieved notable revenue growth of 22% over the last twelve months. Investors are closely monitoring Pulmonx's performance, as the company navigates through the headwinds that have impacted its valuation and market position. The 52-week low serves as a critical indicator for shareholders and potential investors, marking the lowest price level the stock has reached in the last year and reflecting the broader concerns that have been weighing on the company's financial outlook. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this $222M market cap company.
In other recent news, Pulmonx Corp. has reported a strong fourth-quarter performance for 2024, with revenue reaching $23.8 million, marking a 23% year-over-year increase. The company's earnings per share (EPS) came in at -$0.33, surpassing the forecasted -$0.4475, which reflects improved financial management. Pulmonx's international revenue saw a significant boost, growing by 42%, while U.S. revenue increased by 16%. Citi analysts responded to these positive results by raising Pulmonx's stock target to $8.00, although they maintained a Neutral rating.
Additionally, Boral (OTC:BOALY) Capital initiated coverage on Pulmonx with a Buy rating and a price target of $17.00, citing the company's potential for growth due to increasing physician adoption and international expansion opportunities. Canaccord Genuity also maintained a Buy rating, setting a price target of $16.00, highlighting the company's robust performance and strategic initiatives aimed at achieving long-term growth. Pulmonx's management has expressed confidence in reaching cash flow profitability with existing cash reserves and a reduction in cash burn.
Looking ahead, Pulmonx has provided guidance for 2025, projecting revenue between $96 million and $98 million, representing a growth of 16%-18% excluding foreign exchange impacts. The company's strategic focus includes increasing physician adoption, exploring new indications, and expanding geographically to establish the Zephyr valve as the standard of care for COPD patients. These recent developments indicate Pulmonx's commitment to innovation and growth in the medical technology sector.
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