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Stock impact report

CollPlant Biotechnologies (CLGN) Soars 8.2%: Is Further Upside Left in the Stock? [Yahoo! Finance]

CollPlant Biotechnologies Ltd. - Ordinary Shares (CLGN) 
US:NASDAQ Investor Relations: collplant.com/investor-relation
Company Research Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.1% gain over the past four weeks. Last month, the company reported robust financial results for the full year ended 2023. The company also made significant progress with the advancement of the dermal and soft tissue filler program toward commercialization with its partner, AbbVie. This might have driven the share price rally. This company is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -6.1%. Revenues are expected to be $0.6 million, up 39.5% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For CollPlant Biotechnologies, the consensus EPS esti Show less Read more
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