Pro-Dex: Overvalued At Current Price Unless New Revenue Streams Are Found [Seeking Alpha]
Pro-Dex, Inc. (PDEX)
US:NASDAQ Investor Relations:
pro-dex.com/investor-relations
Company Research
Source: Seeking Alpha
SummaryPro-Dex is a manufacturer of surgical tools for the orthopedic, thoracic, and maxocranial facial markets but the company can provide turnkey solutions across numerous industry sectors.After 2 strong quarters and 28% revenue growth in FY20 to $38.3m, Pro-Dex stock currently trades at $29 and PE is 19x.2 new product launches have given Pro-Dex strong growth momentum but it is not clear how this will be sustained.I suspect the share price may correct if the company fails to outperform in Q121 (3m to September '20).If Pro-Dex can realise its potential with new contract wins whilst renewing its contract with its largest customer, I would consider a price $25 an attractive entry point.Investment ThesisPro-Dex (PDEXOn the back of 2 new product releases - a thoracic driver and a craniomaxillofacial ("CMF") driver - Pro-Dex posted revenues of $11.1m in the quarter ended June 30th (Q4 in Pro-Dex's fiscal year), up 59% from $7.0 the previous year and saw net income rise 47%, to $2.5m - a
Show less
Read more
Impact Snapshot
Event Time:
PDEX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PDEX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PDEX alerts
High impacting Pro-Dex, Inc. news events
Weekly update
A roundup of the hottest topics
PDEX
News
- The Returns On Capital At Pro-Dex (NASDAQ:PDEX) Don't Inspire Confidence [Yahoo! Finance]Yahoo! Finance
- Pro-Dex, Inc. (NASDAQ: PDEX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Pro-Dex, Inc. (NASDAQ: PDEX) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Pro-Dex, Inc. Announces Fiscal 2024 Second Quarter and Six-Month Results [Yahoo! Finance]Yahoo! Finance
- Pro-Dex, Inc. Announces Fiscal 2024 Second Quarter and Six-Month ResultsAccesswire
PDEX
Sec Filings
- 2/8/24 - Form 8-K
- 2/8/24 - Form 10-Q
- 1/31/24 - Form 4
- PDEX's page on the SEC website