Michael Korenko, CEO and President of Vivos Inc. (OTC:RDGL), recently acquired 50,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The purchase, made on October 28, 2024, was executed at a price of $0.1416 per share, totaling approximately $7,080. Following this transaction, Korenko's direct ownership in Vivos Inc. has increased to 10,435,090 shares.
InvestingPro Insights
Michael Korenko's recent acquisition of Vivos Inc. (OTC:RDGL) shares aligns with some interesting insights from InvestingPro. Despite the company's challenges, including weak gross profit margins and lack of profitability over the last twelve months, RDGL has shown a strong return over the past year. According to InvestingPro data, the company's 1 Year Price Total Return stands at an impressive 154.24%.
This performance is particularly noteworthy given that RDGL is a niche player in its industry. The company's market capitalization is relatively small at $60.92 million, suggesting it operates in a specific market segment. This niche positioning could explain why the stock is trading at a high revenue valuation multiple, as investors may be pricing in future growth potential.
InvestingPro Tips highlight that RDGL's liquid assets exceed its short-term obligations, which could provide some financial flexibility as the company navigates its growth trajectory. However, it's important to note that analysts anticipate a sales decline in the current year, which investors should monitor closely.
For those interested in a deeper analysis, InvestingPro offers 6 additional tips for RDGL, providing a more comprehensive view of the company's financial health and market position.
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