KORU Medical Systems, Inc. (KRMD)
NASDAQ: KRMD · IEX Real-Time Price · USD
2.395
+0.145 (6.44%)
May 2, 2024, 2:13 PM EDT - Market open
KORU Medical Systems Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for KRMD stock have an average target of 3.70, with a low estimate of 3.00 and a high estimate of 4.50. The average target predicts an increase of 54.49% from the current stock price of 2.40.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 14, 2024.
Analyst Ratings
The average analyst rating for KRMD stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +67.01% | Mar 14, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +25.26% | Dec 7, 2023 |
| Lake Street | Lake Street | Strong Buy Initiates $4 | Strong Buy | Initiates | $4 | +67.01% | Sep 7, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | +87.89% | Sep 7, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $4.5 → $3 | Buy | Maintains | $4.5 → $3 | +25.26% | Aug 3, 2023 |
Financial Forecast
Revenue This Year
32.33M
from 28.52M
Increased by 13.36%
Revenue Next Year
37.96M
from 32.33M
Increased by 17.41%
EPS This Year
-0.14
from -0.30
EPS Next Year
-0.14
from -0.14
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 39.5M | 45.1M | 50.2M |
| Avg | 38.0M | 43.2M | 46.9M |
| Low | 36.1M | 40.9M | 42.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 38.5% | 18.9% | 16.3% |
| Avg | 33.1% | 13.8% | 8.6% |
| Low | 26.5% | 7.7% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.14 | -0.08 | 0.02 |
| Avg | -0.14 | -0.10 | -0.03 |
| Low | -0.14 | -0.11 | -0.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.