Amedica (AMDA) Getting Positive Media Coverage, Analysis Finds
News headlines about Amedica (NASDAQ:AMDA) have trended positive this week, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Amedica earned a news sentiment score of 0.44 on Alpha One’s scale. Alpha One also assigned news headlines about the medical equipment provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Amedica (NASDAQ:AMDA) traded up 0.2466% during mid-day trading on Friday, reaching $0.3658. 46,426 shares of the company’s stock were exchanged. The firm’s market cap is $9.66 million. Amedica has a 12 month low of $0.35 and a 12 month high of $1.62. The stock has a 50-day moving average of $0.38 and a 200-day moving average of $0.51.
Separately, Maxim Group reissued a “buy” rating and issued a $5.00 price target on shares of Amedica in a report on Monday, April 24th.
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Amedica Corporation is a commercial biomaterial company. The Company is a vertically integrated silicon nitride orthopedic medical device manufacturer. It is focused on using its silicon nitride ceramic technology platform to develop, manufacture and sell a range of medical devices. It is also engaged in developing wear- and corrosion-resistant implant components for hip and knee arthroplasty.
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