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BTIG Thinks Acutus Medical’s Stock is Going to Recover

In a report released yesterday, Marie Thibault from BTIG maintained a Buy rating on Acutus Medical (AFIBResearch Report), with a price target of $2.00. The company’s shares closed last Thursday at $0.94, close to its 52-week low of $0.76.

According to TipRanks.com, Thibault is a 4-star analyst with an average return of 8.0% and a 27.1% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Irhythm Technologies, and Edwards Lifesciences.

Acutus Medical has an analyst consensus of Moderate Buy, with a price target consensus of $1.67.

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The company has a one-year high of $18.00 and a one-year low of $0.76. Currently, Acutus Medical has an average volume of 2.11M.

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Acutus Medical Inc is an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated. The company designs, manufactures and markets a range of tools for catheter-based ablation procedures to treat various arrhythmias. Its product portfolio includes novel access sheaths, transseptal crossing tools, diagnostic and mapping catheters, ablation catheters, mapping and imaging consoles and accessories, as well as supporting algorithms and software programs. It markets and sells its electrophysiology products worldwide to hospitals and electrophysiologists that treat patients with arrhythmias. Its operates in United States and Europe with majority of the revenue generating from Europe.

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