Added to YB: 2024-04-09
Pitch date: 2024-04-09
ASXC [bullish]
Asensus Surgical, Inc.
+30.06%
current return
Author Info
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Company Info
Asensus Surgical, Inc., a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery (MIS) in the United States, Europe, the Middle East, Africa, and Asia.
Market Cap
$94.9M
Pitch Price
$0.27
Price Target
0.35 (+1%)
Dividend
N/A
EV/EBITDA
-1.41
P/E
-1.10
EV/Sales
9.37
Sector
Health Care Equipment and Supplies
Category
special_situation
Asensus Surgical: LOI with Buyer, Highly Speculative
ASXC: LOI from Karl Storz to acquire at $0.35/share ($95M). Storz providing $20M bridge loan. 30% spread as Asensus faces cash crunch in June if deal falls through. Risk Storz could torpedo deal & buy cheaper. Small position given uncertainty.
Read full article (2 min)