What Will Happen to EDAP TMS S.A. (EDAP) Next? The Stock Formed a Several Months Bearish Multiple Bottom

June 20, 2018 - By Michael Collier

EDAP TMS S.A. (NASDAQ:EDAP) Logo

The stock of EDAP TMS S.A. (EDAP) shows a multiple bottoms pattern with $3.07 target or 4.00 % below today’s $3.20 share price. The 5 months chart pattern indicates high risk for the $92.79M company. It was reported on Jun, 20 by Finviz.com. If the $3.07 price target is reached, the company will be worth $3.71 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.31% or $0.01 during the last trading session, reaching $3.2. About 114,432 shares traded. EDAP TMS S.A. (NASDAQ:EDAP) has declined 14.64% since June 20, 2017 and is downtrending. It has underperformed by 27.21% the S&P500.

Analysts await EDAP TMS S.A. (NASDAQ:EDAP) to report earnings on August, 22. They expect $-0.02 EPS, up 60.00 % or $0.03 from last year’s $-0.05 per share. After $0.03 actual EPS reported by EDAP TMS S.A. for the previous quarter, Wall Street now forecasts -166.67 % negative EPS growth.

More notable recent EDAP TMS S.A. (NASDAQ:EDAP) news were published by: Nasdaq.com which released: “Mid-Day Market Update: EDAP Rises Following FDA Clearance Of Focal One Device; MicroVision Shares Plunge” on June 08, 2018, also Benzinga.com with their article: “Benzinga’s Daily Biotech Pulse: EDAP Device Gets FDA Nod, Ampliphi Presents Positive Data, Agile To Cut Jobs” published on June 10, 2018, Schaeffersresearch.com published: “Monster Stock Climbs to Top of S&P; Apple Supplier Sinks” on June 08, 2018. More interesting news about EDAP TMS S.A. (NASDAQ:EDAP) were released by: Nasdaq.com and their article: “EDAP TMS SA : EDAP Announces FDA Clearance for Focal OneĀ®” published on June 07, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Movers 06/08: (EDAP) (ZUMZ) (SFIX) Higher; (CXO) (MVIS) (LITE) Lower (more…)” with publication date: June 08, 2018.

EDAP TMS S.A., together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally-invasive medical devices for the treatment of urological diseases worldwide. The company has market cap of $92.79 million. The firm operates in two divisions: High Intensity Focused Ultrasound , and Urology Devices and Services (UDS). It currently has negative earnings. The HIFU division develops, makes, and markets devices for the minimally invasive destruction of various types of localized tumors using HIFU technology.

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