HC Wainwright Lowers Motus GI (NASDAQ:MOTS) Price Target to $10.00

Motus GI (NASDAQ:MOTSGet Rating) had its price target cut by HC Wainwright from $11.00 to $10.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Motus GI’s Q4 2022 earnings at ($1.25) EPS, FY2022 earnings at ($6.51) EPS, Q1 2023 earnings at ($1.06) EPS, Q2 2023 earnings at ($1.03) EPS, Q3 2023 earnings at ($0.83) EPS, Q4 2023 earnings at ($0.69) EPS and FY2023 earnings at ($3.52) EPS.

Several other research firms have also weighed in on MOTS. Piper Sandler dropped their price target on Motus GI from $10.00 to $6.00 and set an overweight rating on the stock in a research report on Monday, November 14th. Alliance Global Partners dropped their price target on Motus GI from $24.00 to $12.00 in a research report on Thursday, August 11th.

Motus GI Stock Up 2.9 %

NASDAQ:MOTS opened at $1.42 on Tuesday. The firm has a market capitalization of $4.26 million, a price-to-earnings ratio of -0.19 and a beta of 1.85. Motus GI has a 1-year low of $1.38 and a 1-year high of $13.00. The company has a current ratio of 2.83, a quick ratio of 4.03 and a debt-to-equity ratio of 11.98. The business’s fifty day moving average price is $2.14 and its 200 day moving average price is $3.86.

Institutional Trading of Motus GI

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Motus GI during the 1st quarter worth about $26,000. Millennium Management LLC boosted its stake in shares of Motus GI by 237.7% during the 2nd quarter. Millennium Management LLC now owns 114,987 shares of the company’s stock worth $32,000 after acquiring an additional 80,938 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Motus GI during the 2nd quarter worth about $56,000.

About Motus GI

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Motus GI Holdings, Inc, a medical technology company, develops Pure-Vu system, a medical device to facilitate the cleaning of a poorly prepared gastrointestinal tract during the colonoscopy and facilitates upper gastrointestinal endoscopy procedure. The company was incorporated in 2016 and is based in Fort Lauderdale, Florida.

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