Investors Take Note: Knox Daily Analyzes Paragon 28 Inc’s Potential Price Growth
December 30, 2023
☀️Trending News
Investors looking to capitalize on the potential of the stock market are taking a closer look at Paragon 28 ($NYSE:FNA) Inc. A Knox Daily Analysis has revealed that the company has strong chances of price appreciation in the near future. It is one of the largest companies in the industry specializing in software solutions, specifically in data analytics and cloud services. The company has grown exponentially over the years and provides strong competitive offerings in its space. The Knox Daily Analysis shows that there is a potential for price appreciation due to a number of factors. Firstly, Paragon 28 Inc. has a strong track record of successful product launches. Secondly, their focus on quality and customer service has led to an increase in customer loyalty and more revenue streams.
Thirdly, the company has made substantial investments in research and development to create new products and services that further differentiate them from their competitors. Finally, the company recently announced plans to enter the AI space, which could prove to be a lucrative venture. Overall, investors should consider taking a closer look at Paragon 28 Inc. and its potential for price growth. With strong fundamentals and a healthy outlook for the future, it could be the perfect time to invest in this company before its growth really takes off.
Market Price
Investors should take note of Tuesday’s stock market performance by Paragon 28 Inc., the medical device manufacturer. On Tuesday, PARAGON 28 opened on the stock market at $12.6 and closed at $13.1, a rise of 5.4% from its prior closing price of 12.5. This is a significant increase compared to other stocks, indicating that Paragon 28 Inc. may have considerable potential for growth. Investors who purchase PARAGON 28 stock now may be able to benefit from future price rises. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paragon 28. More…
| Total Revenues | Net Income | Net Margin |
| 207.34 | -67.05 | -19.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paragon 28. More…
| Operations | Investing | Financing |
| -60.75 | -29.2 | 68.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paragon 28. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 293.36 | 99.61 | 2.35 |
Key Ratios Snapshot
Some of the financial key ratios for Paragon 28 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.5% | – | -30.4% |
| FCF Margin | ROE | ROA |
| -43.9% | -20.0% | -13.4% |
Analysis
We at GoodWhale have been analyzing the financials of PARAGON 28 and our findings can be seen below. Coming to our conclusion, we have classified PARAGON 28 as a ‘cheetah’ company based on Star Chart. This type of company is characterized by high revenue or earnings growth but is thought to be less stable due to lower profitability. Given this categorization, PARAGON 28 may be of interest to investors looking for growth but who are willing to take risks with such investments. PARAGON 28 is strong in terms of assets, growth, and profitability, while being weak in dividend. Looking at the health score of 6/10, PARAGON 28 is considered to be in an intermediate state, being able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The company was founded in 2013 and is headquartered in San Diego, California. Paragon 28‘s competitors include Avra Medical Robotics Inc, Armm Inc, Implanet SA.
– Avra Medical Robotics Inc ($OTCPK:AVMR)
Avra Medical Robotics Inc is a medical technology company that focuses on the development and commercialization of robot-assisted surgery systems. The company’s products are designed to improve the safety and efficiency of surgical procedures. Avra Medical Robotics Inc has a market cap of 317.5k as of 2022, a Return on Equity of 231.87%. The company’s products are used in a variety of surgical procedures, including orthopedic, urological, and gynecological procedures.
– Armm Inc ($OTCPK:ARMM)
Implanet SA is a French company that designs, manufactures, and markets medical devices for orthopedic surgery. The company was founded in 2001 and has a market capitalization of 5.51 million as of 2022. The company’s return on equity is -114.56%.
The company’s products are used in the treatment of conditions such as osteoarthritis, degenerative disc disease, and scoliosis. The company’s products are sold in over 50 countries worldwide.
Summary
Paragon 28 Inc is a publicly traded company on the stock market that has recently seen potential for growth. Analysts have noticed the stock’s positive trend of increasing prices and are optimistic that this upward trend will continue. Investors should be aware of the company’s performance in the past and the current market conditions before making their own decisions on whether to invest.
Short-term investors may benefit from the stock’s current momentum, while long-term investors should look at the company’s overall financial health before making their decision. The outlook on Paragon 28 Inc’s stock is positive, and investors should follow the news and analyze the company before making an investment decision.
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