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The latest update is out from Tissue Regenix ( (GB:TRX) ).
Tissue Regenix announced significant financial and organizational changes, including a restatement of FY24 adjusted EBITDA from a profit to a loss and the departure of CEO Daniel Lee. The company has appointed Jay LeCoque as Acting CEO and Executive Chairman and reappointed Kirsten Lund as CFO to implement strict financial controls and a cost reduction initiative. These changes aim to improve financial performance and expand the company’s market presence, with a focus on sustainable, long-term growth.
The most recent analyst rating on (GB:TRX) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Tissue Regenix stock, see the GB:TRX Stock Forecast page.
Spark’s Take on GB:TRX Stock
According to Spark, TipRanks’ AI Analyst, GB:TRX is a Neutral.
The overall stock score is primarily influenced by financial performance, which shows some operational improvements but significant challenges remain. Technical analysis indicates bearish momentum, and valuation metrics reflect ongoing financial struggles. The earnings call provided some positive insights, but these were outweighed by revenue declines and regulatory issues.
To see Spark’s full report on GB:TRX stock, click here.
More about Tissue Regenix
Tissue Regenix is a leading medical device company specializing in regenerative medicine. The company utilizes its patented decellularisation technology (dCELL®) to create acellular tissue scaffolds from animal and human soft tissue, which are not rejected by the patient’s body. These products are used to repair diseased or damaged body structures and are applicable in sports medicine, foot and ankle injuries, and wound care.
Average Trading Volume: 357,726
Technical Sentiment Signal: Sell
Current Market Cap: £5.7M
Find detailed analytics on TRX stock on TipRanks’ Stock Analysis page.