Momentum Stock Watch: Viveve Medical Inc. (VIVE)

Company Profile:

Viveve Medical, Inc. designs, develops, manufactures, and markets medical devices for the non-invasive treatment of various post-partum conditions. The company offers Viveve System, a radio frequency generator, a reusable hand piece, and single-use treatment tip, as well as other consumable components. It markets its products through sales employees and distributors in the United States, the Asia Pacific, Europe, the Middle East, Latin America, and Canada. Viveve Medical, Inc. was founded in 2005 and is headquartered in Englewood, Colorado.

Recent News:

The company reported $3.0 million total revenue for the quarter ended March 31, 2019, compared to revenue of $3.7 million for the same period in 2018. Net loss for the first quarter of 2019 was $10.0 million, or ($0.22) per share, compared to a net loss of $12.7 million, or ($0.49) per share, for the same period in 2018.

Revenue for the fourth quarter of 2018 totaled approximately $4.5 million, compared to revenue of approximately $5.1 million for the same period in 2017. Net loss for the fourth quarter of 2018 was $13.5 million, or a net loss of $0.38 per share based on 35,484,596 weighted average shares outstanding during the period.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

VIVE’s strengths can be seen in its strong growth and strong profitability. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI(14) stands at 52.91 with positive bias. We rate Viveve Medical Inc. (VIVE) a STRONG BUY.

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