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Shall I buy Nexeon MedSystems stock (NXNN)?
NXNN stock has worried investors recently as the company has been on the verge of bankruptcy. However, it's important to know that Nexeon MedSystems has not been in default since 2011. There have been changes to Nexeon MedSystems' management team and the terms of existing and upcoming debt. Last December, a debt was issued by an investor that is currently fighting to have it canceled. Nexeon's management team did not disclose the terms of the debt, nor did it reveal how the investor obtained such a large amount of debt. Many shareholders believed this was a sign that the stock was on its way to bankruptcy. Investors should watch to see if the company discloses the new debt terms or chooses to ignore them.
Analysts recommend holding on to your shares. The market may seem unpredictable at the moment, but if you plan to hold onto your Nexeon MedSystems stocks for a few years, you will likely be able to make a considerable profit. This is especially true if NXNN can gain approval from the FDA.
It isn't easy to know what direction the stock market will take for the remainder of 2021. But considering that the price of NASDAQ 100 stocks as a whole has been fluctuating wildly over the past few weeks, we can assume that Nexeon MedSystems stocks will be down at least a little bit. Thus, the market's overall trend could significantly affect NXNN stock's future value. For now, Nexeon MedSystems' stock remains very speculative, but we can assume that they are likely to increase in value in the coming months.
NXNN stock forecast
The future of NXNN stock doesn't seem that bright. Just recently, some workers at Nexeon MedSystems decided to strike due to a pay dispute. The workers were attempting to get a bump in pay as the company moved from lower-cost to higher-cost items, making salaries more expensive. The workers were also allegedly getting bonuses, but the company had a strict cap on bonuses.
With nearly 600 employees, Nexeon MedSystems has had a few rocky years since it began trading. It was founded in 2003 and re-listed on the Nasdaq exchange in late 2017. Its primary product, the NXE-101, is a robotic surgical system capable of performing open, laparoscopic, and automated procedures.
There's a lot that is going on at Nexeon MedSystems, but this big dip right now doesn't appear to be directly tied to one factor. For instance, the company just released its first-quarter earnings report, which does not necessarily indicate its future revenue. But the main reason why the stock is trading at a low right now is likely a direct result of the main reason it shot up as much as it did: approval from the FDA.
In a significant announcement last Friday, June 1, Nexeon MedSystems announced that it had received approval from the FDA for its NeoCart Pro product. In addition, it said that NeoCart had been included as a part of a generic drug recall and should be in the drug supply for patients who currently have open-angle glaucoma (OAG) or ocular hypertension (OH).
Who is Nexeon MedSystems?
Nexeon MedSystems is a leading provider of in-patient and in-clinic medical device services for manufacturers, clinical institutions, and the government. Nexeon partners with its customers to provide the highest quality service to meet their specific needs.
Nexeon's equipment management programs are designed to help customers reduce the cost of managing expensive capital equipment while maximizing return on that investment by focusing on revenue-generating opportunities at all times. In addition, the company offers flexible leasing options, full-service leasing, emphasizing patient-care delivery, consulting services for new installations and upgrades, and technical assistance when needed.
What is Nexeon MedSystems competitive advantage
Nexeon MedSystems is a leader in developing, manufacturing, and distributing advanced medical systems for use in minimally invasive surgical procedures. In addition, the company offers proprietary products that address unmet needs in cardiology, orthopedics, urology, gynecology, neurology, and other surgical specialties. With the help of their innovative products and services, Nexeon is committed to improving patient care worldwide.
Nexeon MedSystems focuses on developing and manufacturing medical devices and technologies for the treatment of obesity and diabetes. The company was founded in 1987, and it has been developing new products for these two areas ever since. Nexeon MedSystems is a global leader in developing FDA-approved surgical equipment that leads to the non-invasive treatment of obesity and diabetes.
Nexeon MedSystems initially established itself as a manufacturer of disposable syringes, needles, and other medical supplies. With a strong focus on research & development, the company created its first medical device in 1990: a simple cannula with a specially designed tip for people who have difficulty inserting a traditional needle under their skin.
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