Shares of CFMS have been trending lower for the last 10 sessions. Is it ready for a bounce?
CFMS was down 4.27% closing at $0.82 on a volume of 2.82 million shares. While its average volume sits at 3.67 million shares, and has a market cap of $150.23 million. The stock traded in the range of $0.7870 to $0.8600. While it has hit a 52-week high low of $0.6020 and $1.4900 respectively.
CFMS To Present At Conference
- Mark Augusti, Chief Executive Officer, and Bob Howe, Chief Financial Officer, will present at the Canaccord Genuity Musculoskeletal Conference.
- Conformis announced 510(k) clearance by the U.S. Food and Drug Administration for the Company’s Identity Imprint Knee Replacement System.
- CFMS Q1 2021 total revenue was $13.8 million, a decrease of 16% year-over-year on a reported basis and 17% on a constant currency basis.
CFMS is trading below its 50-Day MA and 100-Day MA of $0.851 and $0.896 respectively. The RSI of 45.992 is also displaying a neutral indicator. The pivot points to look at are $0.808 and $0.797. All the indicators are showing that the stock is bearish.
CFMS is sitting just above a recent support area. Is the stock ready to bounce?