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Milestone Scientific Director Sells $2,800 Worth of Stock

Milestone Scientific Inc. has recently seen director Michael McGeehan sell $2,800 worth of company stock, as reported in a recent SEC filing. The sales occurred on September 19 and 20, during which he sold 1,000 shares and 1,800 shares at a set price of $1.00 each. Following these transactions, McGeehan’s direct ownership in the company now stands at 593,682 shares, showcasing a substantial commitment to Milestone Scientific’s future.

The company, which focuses on orthopedic, prosthetic, and surgical devices and supplies, has not commented officially about these stock transactions. Investors often keep an eye on insider selling, as it can indicate how executives perceive the company’s potential value. However, it is important to note that executives may sell shares for personal financial reasons unrelated to their sentiment on the company’s performance.

Milestone Scientific, established in Delaware with its headquarters in Livingston, New Jersey, is publicly traded under the ticker symbol MLSS.

In other news, the company has released its financial results for Q2 2024, reporting a net income of $0.2 million. Additionally, they have received a Medicare Part B physician payment rate assignment for their CompuFlo Epidural System, tapping into a market estimated at $250 million among Medicare patients. The company has partnered with Axial Biologics and received regulatory approval to market CompuFlo in Brazil. While there was a decline in overall revenue from $2.9 million in Q2 2023 to $1.9 million in Q2 2024—largely due to challenges with freight forwarders and reduced revenue from China—U.S. e-commerce sales showed a slight increase, which helped improve gross margins. The company currently maintains a solid balance sheet, including $5.8 million in cash and no long-term debt.

Recently, Milestone Scientific has faced a tough financial landscape, evident in its performance metrics. Its market capitalization is approximately $74.2 million, with a negative Price/Earnings (P/E) ratio of -16.16, suggesting that investors are expecting losses rather than profits. Analysts are not forecasting profitability for the company this year.

Despite this concerning P/E ratio, Milestone Scientific boasts a high Price/Book ratio of 9.42 as of the last twelve months ending Q2 2024, indicating that the market evaluates the company higher than its book value might suggest. This may be attributed to the company’s assets or optimistic market expectations for future growth. Over the past three months, the company has shown a total price return of 44.17%, potentially attracting investors interested in short-term gains.

Additionally, the company’s liquid assets surpass its short-term obligations, highlighting a stable financial position in terms of liquidity—providing some reassurance to investors amidst a volatile market environment. Investors seeking a deeper understanding of Milestone Scientific can find more insights into the company’s financial health and investment potential through additional analysis.

As the company progresses, staying informed through timely data and expert evaluations can aid investors and potential shareholders in making informed investment choices.

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