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MLSS

MLSS: A Small Float Turnaround With Momentum and Potential Ahead


Date : October 9, 2017

MLSS: A Small Float Turnaround With Momentum and Potential Ahead

New Opportunity:  Milestone Scientific Inc. (NYSE American: MLSS)

With a series of recent big winners under our belt, it’s time to step on the gas pedal. This is the time of year we like to call “Stocktoberfest!”

This is often when we have our biggest run of the year because we have an easy time finding companies with strong catalysts establishing important momentum in the market and in operations. And investors and traders are more interested in chasing that momentum.

Our newest setup provides a perfect example: MLSS is working with a small float, fresh momentum, strong support, and recent major fundamental catalysts.

Don’t miss this one!

Symbol:  MLSS

Company:  Milestone Scientific Inc.

Quote:  http://finance.yahoo.com/q?s=MLSS

Latest News:  http://finance.yahoo.com/q/h?s=MLSS+Headlines

Company Website:  http://www.milestonescientific.com

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Who is MLSS

mlss stock

Milestone Scientific Inc. (NYSE American: MLSS) is a leading medical R&D company that designs, patents, incubates and commercializes a growing portfolio of innovative injection technologies.

Perhaps the most important asset for the company is its CompuFlo Epidural System, which just received 510(k) clearance from the FDA to take the product to market with no further regulatory hurdles.

Leslie Bernhard was just announced as new CEO, summed it up thus: “Following our recent 510(k) clearance from the U.S. Food and Drug Administration (FDA), we have received extremely positive industry feedback regarding our CompuFlo Epidural System. Both the board and senior management are laser-focused on building a cost-effective global distribution network, which may include strategic partnerships, distribution agreements and/or licensing opportunities. Based on the outcome of these discussions, we will direct resources towards those opportunities that we believe provide the greatest value and return on capital for shareholders. I am fully confident in the ability of the current senior management team to execute on our near-term goals, and longer-term strategic vision to establish CompuFlo as the standard-of-care in painless and precise drug delivery across the U.S., Europe and around the world.”

 

Milestone Scientific Inc. develops computer-controlled anesthetic delivery instruments for the medical and dental markets in the United States and internationally. The company’s products include STA Single Tooth Anesthesia System Instrument, a computer-controlled local anesthesia delivery instrument that incorporates the pressure feedback elements of its patented CompuFlo technology, which allows dentists to administer injections into the periodontal ligament space; and CompuDent, a computer-controlled local anesthetic delivery instrument that provides painless injections for various routine dental treatments, including implants, root canals, crowns, fillings, and cleanings.

Its products also comprise CompuMed, a computer-controlled injection instrument for use in various applications, such as colorectal surgery, podiatry, dermatology, nasal and sinus surgery, hair transplantation and cosmetic surgery, cosmetic surgery, orthopedics, and others. In addition, the company provides The Wand, a hand piece that allow dentists to provide painless injections for virtually various dental procedures, including routine cleanings and fillings, as well as implants, root canals, and crowns.

Recent Catalysts

Certainly, the biggest catalyst to hit the company over the past few months is the aforementioned announcement that the CompuFlo Epidural Computer Controlled Anesthesia System has received 510(k) clearance from the U.S. Food and Drug Administration (FDA).

As noted above, the CompuFlo Epidural System provides anesthesiologists and other Health Care Providers for the first time, the ability to quantitatively determine and document the pressure at the needle tip in real-time. The CompuFlo Epidural’s proprietary DPS Dynamic Pressure Sensing Technology (DPS) allows the CompuFlo Epidural to provide objective visual and audible in-tissue pressure feedback that allows anesthesiologists to identify the epidural space.

The company also recently announced that the Children’s Hospital of Pittsburgh will now utilize The Wand computer assisted anesthesia system for its pediatric patients. In addition, The Wand will be incorporated into the curriculum for the Pediatric Residency Program.

According to the release, the Children’s Hospital of Pittsburgh’s Division of Pediatric Dentistry provides comprehensive preventive, restorative and oral maxillofacial surgical procedures for healthy as well as medically compromised and handicapped children. The dental clinic sees over 23,000 children per year.

And, of course, one cannot overlook the important of a change at the top. To wit: the company just came out with news of the appointment of Leslie Bernhard, the Company’s current Chairman of the Board, as Interim Chief Executive Officer.

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Management notes that the appointment follows the resignation of Daniel Goldberger as President and Chief Executive Officer effective October 2, 2017.

Ms. Bernhard is not a final solution. In fact, a formal search has commenced for a new CEO to focus on the medical opportunity. At the same time, the Board of Directors is also evaluating a variety of strategic options in the medical field in light of the Company’s recent 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the CompuFlo Epidural System.

Technical Analysis

This is where you can really see the turnaround taking shape. Take a look at the chart shown here. You may never see a better example of a rock solid triple-bottom pattern in play that the one dominating the chart for MLSS right now.

And keep in mind we are dealing with an 18M share float here. Very small.

The point of this pattern is all about accumulation. There are strong hands willing to absorb supply over the period shown. It’s a floor in the stock. And recently, one can clearly see momentum shifting back to the upside. We would imagine the changes at the company mentioned above have a lot to do with that.

MLSS.Chart

About MLSS

MLSS (Milestone Scientific Inc.) is a leading medical research and development company that designs and patents innovative injection technologies. Milestone’s computer-controlled systems are designed to make injections precise, efficient, and virtually painless.

Milestone Scientific Inc. develops computer-controlled anesthetic delivery instruments for the medical and dental markets in the United States and internationally. The company’s products include STA Single Tooth Anesthesia System Instrument, a computer-controlled local anesthesia delivery instrument that incorporates the pressure feedback elements of its patented CompuFlo technology, which allows dentists to administer injections into the periodontal ligament space; and CompuDent, a computer-controlled local anesthetic delivery instrument that provides painless injections for various routine dental treatments, including implants, root canals, crowns, fillings, and cleanings.

Its products also comprise CompuMed, a computer-controlled injection instrument for use in various applications, such as colorectal surgery, podiatry, dermatology, nasal and sinus surgery, hair transplantation and cosmetic surgery, cosmetic surgery, orthopedics, and others. In addition, the company provides The Wand, a hand piece that allow dentists to provide painless injections for virtually various dental procedures, including routine cleanings and fillings, as well as implants, root canals, and crowns.

Milestone Scientific Inc. was founded in 1989 and is headquartered in Livingston, New Jersey.

mlss stock

What You Need To Know:

    • MLSS has a tiny float of just 18M shares, which could exacerbate any upside momentum we see from current levels and flats and shorts scramble for shares.
    • MLSS recently made some changes at the top that could spark growth ahead and a greater commitment to execution.
    • MLSS also recently got 510(k) clearance from the FDA to market its flagship CompuFlo device technology.
    • MLSS is making real money, with trailing revs already coming in at $10.9M.
    • MLSS is starting to see genuine sales growth, with quarterly y/y revs increasing at 6%. That is before the key product hits the marketplace with fresh marketing as a tailwind.
    • MLSS just recorded a MACD Bullish reversal, suggesting a technical change in trend.
    • MLSS has put in place a very clear and striking triple-bottom pattern that is starting to tip back up to the upside.

Conclusion:

MLSS provides an opportunity where three main points come together: a strong fundamental inflection towards a fresh injection of sales growth, a reshaping of the corporate culture to embrace more of a growth-oriented focus, and a technical picture that demonstrates both a supportive floor and upward momentum with a small float in place.

That is a hard recipe to beat, and certainly deserves a close look.

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Disclaimer :

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