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Perimeter Medical Imaging AI ( (TSE:PINK) ) has issued an update.
Perimeter Medical Imaging AI announced that Dr. Amelia Tower will present at the American College of Osteopathic Surgeons’ Annual Clinical Assembly on the use of wide-field optical coherence tomography (OCT) in breast conserving surgery. The presentation will highlight the practical application of Perimeter’s S-Series OCT, which has FDA clearance, and its potential to reduce re-excision rates by providing real-time insights during surgery. This event underscores the growing clinical evidence supporting the integration of advanced imaging technologies in surgical workflows, potentially enhancing precision and decision-making in breast cancer surgeries.
The most recent analyst rating on (TSE:PINK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Perimeter Medical Imaging AI stock, see the TSE:PINK Stock Forecast page.
Spark’s Take on TSE:PINK Stock
According to Spark, TipRanks’ AI Analyst, TSE:PINK is a Neutral.
Perimeter Medical Imaging AI’s stock score is primarily influenced by its financial performance challenges, including profitability and cash flow issues. The earnings call provided some positive insights, such as revenue growth and cost improvements, but these are offset by significant hurdles like increased net loss and low cash reserves. Technical analysis shows mixed signals, and the valuation is unattractive due to a negative P/E ratio.
To see Spark’s full report on TSE:PINK stock, click here.
More about Perimeter Medical Imaging AI
Perimeter Medical Imaging AI, Inc., based in Toronto, Canada and Dallas, Texas, is a medical technology company focused on transforming cancer surgery through advanced imaging tools. Their FDA-cleared Perimeter S-Series OCT system offers real-time, cross-sectional visualization of excised tissues at the cellular level, addressing high unmet medical needs. The company is also developing the Perimeter B-Series OCT with ImgAssist AI, supported by a significant grant, which is currently in clinical trials.
Average Trading Volume: 69,200
Technical Sentiment Signal: Sell
Current Market Cap: C$27.87M
Learn more about PINK stock on TipRanks’ Stock Analysis page.