Should I buy or sell DermTech stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DermTech in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DMTK shares. View DMTK analyst ratings or view top-rated stocks .

What is DermTech's stock price target for 2024?

2 analysts have issued twelve-month target prices for DermTech's stock. Their DMTK share price targets range from $1.50 to $5.00. On average, they expect the company's share price to reach $3.25 in the next twelve months. This suggests a possible upside of 449.9% from the stock's current price. View analysts price targets for DMTK or view top-rated stocks among Wall Street analysts .

How have DMTK shares performed in 2024?

DermTech's stock was trading at $1.75 at the beginning of 2024. Since then, DMTK stock has decreased by 66.2% and is now trading at $0.5910. View the best growth stocks for 2024 here .

When is DermTech's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our DMTK earnings forecast .

How were DermTech's earnings last quarter?

DermTech, Inc. (NASDAQ:DMTK) announced its quarterly earnings results on Thursday, February, 29th. The company reported ($0.56) earnings per share for the quarter, missing analysts' consensus estimates of ($0.54) by $0.02. The business earned $3.92 million during the quarter, compared to the consensus estimate of $4.05 million. DermTech had a negative net margin of 659.57% and a negative trailing twelve-month return on equity of 123.96%.

What other stocks do shareholders of DermTech own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DermTech investors own include Pfizer (PFE) , CrowdStrike (CRWD) , DocuSign (DOCU) , ONEOK (OKE) , Intel (INTC) , U.S. Xpress Enterprises (USX) , Valero Energy (VLO) , Hello Group (MOMO) , AVEO Pharmaceuticals (AVEO) and Camping World (CWH) .

How do I buy shares of DermTech?

Shares of DMTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:DMTK

DermTech (DMTK) Stock Price, News & Analysis

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$0.59

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.59
▼
$0.63
50-Day Range: $0.59
▼
$1.36
52-Week Range: $0.59
▼
$4.58

Volume: 256,375 shs
Average Volume: 318,300 shs
Market Capitalization: $20.46 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.25

Get DermTech alerts:

DermTech MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 449.9% Upside
$3.25 Price Target
Short Interest: Bearish
10.31% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.13
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.94) to ($1.53) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.96 out of 5 stars

Medical Sector

838th out of 918 stocks

Medical Laboratories Industry

18th out of 19 stocks

3.3

Analyst's Opinion

Consensus Rating
DermTech has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
DermTech has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.31% of the float of DermTech has been sold short.
Short Interest Ratio / Days to Cover
DermTech has a short interest ratio ("days to cover") of 9.4.
Change versus previous month
Short interest in DermTech has recently increased by 0.64%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
DermTech does not currently pay a dividend.
Dividend Growth
DermTech does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DMTK.

1.6

News and Social Media Coverage

News Sentiment
DermTech has a news sentiment score of -0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for DermTech this week, compared to 2 articles on an average week.
MarketBeat Follows
4 people have added DermTech to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, DermTech insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.10% of the stock of DermTech is held by insiders.
Percentage Held by Institutions
Only 20.45% of the stock of DermTech is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for DermTech are expected to grow in the coming year, from ($1.94) to ($1.53) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DermTech is -0.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of DermTech is -0.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
DermTech has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About DermTech Stock (NASDAQ:DMTK)

DermTech, Inc., a molecular diagnostic company, engages in the development and marketing of novel non-invasive genomics tests to aid in the diagnosis and management of melanoma in the United States. The company provides DermTech Melanoma Test (DMT), an innovative non-invasive way to enhance melanoma detection for developing product for non-melanoma skin cancers. It also offers DermTech Smart Sticker, which provides a non-invasively way to collect skin sample including standard care by using scalpel to biopsy suspicious lesions. In addition, it provides research services and technology platform on a contract basis to pharmaceutical companies which use the technology for clinical trials. Further, the company develops gene expression assays for the psoriasis, atopic dermatitis, and aging of the skin to pharmaceutical companies to develop drug products in dermatology; and develop custom gene assays to support the pharmaceutical partners. It sells its products through pathology and oncology practitioners. DermTech, Inc. is headquartered in San Diego, California.

DMTK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DMTK Stock News Headlines

April 18, 2024 | marketwatch.com

DermTech to Slash 56% of Workforce, Explore Options

April 18, 2024 | msn.com

DermTech exploring strategic alternatives, cutting 56% of staff

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 18, 2024 | businesswire.com

DermTech to Explore Strategic Alternatives and Implement Restructuring Plan

April 17, 2024 | finance.yahoo.com

DermTech, Inc. (DMTK)

April 17, 2024 | americanbankingnews.com

DermTech (NASDAQ:DMTK) Trading Down 0.9%

March 8, 2024 | businesswire.com

DermTech Presents Research Abstracts at the 2024 American Academy of Dermatology (AAD) Annual Meeting and New Research Published in the Journal of Investigative Dermatology

March 7, 2024 | investing.com

Stephens cuts DermTech stock target to $1.50, keeps Equal Weight rating

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 2, 2024 | finance.yahoo.com

DermTech, Inc. (NASDAQ:DMTK) Q4 2023 Earnings Call Transcript

February 29, 2024 | benzinga.com

Recap: DermTech Q4 Earnings

February 29, 2024 | businesswire.com

DermTech Reports Fourth-Quarter 2023 Financial Results

February 28, 2024 | msn.com

DermTech Q4 2023 Earnings Preview

February 13, 2024 | finance.yahoo.com

DermTech Announces Release Date for Fourth-quarter 2023 Financial Results

February 1, 2024 | markets.businessinsider.com

DermTech International Registered Shs

January 31, 2024 | marketwatch.com

DermTech to Cut Workforce by 15%, Six Months After Round of Layoffs

January 31, 2024 | finance.yahoo.com

DermTech Announces Additional Restructuring Actions to Focus on Revenue Growth and Streamline Operations

January 18, 2024 | msn.com

DermTech study finds melanoma test effective for all skin types

January 18, 2024 | finance.yahoo.com

DermTech Announces Positive Topline Results From a Study Evaluating the DermTech Melanoma Test (DMT) Across All Skin Types

January 16, 2024 | finance.yahoo.com

DermTech Simplifies the DermTech Melanoma Test (DMT) by Discontinuing the Optional TERT Add-on Assay

January 8, 2024 | marketwatch.com

DermTech Shares Rise 14% After Positive Results in Melanoma Test Study

January 8, 2024 | seekingalpha.com

DermTech stock rallies 18% on positive study for melanoma test

January 8, 2024 | finance.yahoo.com

DermTech Announces Positive Topline Results From Trust 2 Study Evaluating the DermTech Melanoma Test (DMT)

January 3, 2024 | benzinga.com

DermTech Stock (NASDAQ:DMTK) Dividends: History, Yield and Dates

December 29, 2023 | businesswire.com

DERMTECH ALERT: Bragar Eagel & Squire, P.C. is Investigating DermTech, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

December 15, 2023 | businesswire.com

DMTK DEADLINE TODAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages DermTech, Inc. Investors to Secure Counsel Before Important December 15 Deadline in Securities Class Action ...

December 14, 2023 | businesswire.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DermTech, Inc. (DMTK)

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Medical laboratories
Sub-Industry: N/A
Current Symbol: NASDAQ:DMTK
CUSIP: N/A
CIK: 1651944
Web: www.dermtech.com
Phone: (858) 450-4222
Fax: N/A
Employees: 206
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.25
High Stock Price Target: $5.00
Low Stock Price Target: $1.50
Potential Upside/Downside: +449.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.14)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-100,890,000.00
Net Margins: -659.57%
Pretax Margin: -659.57%
Return on Equity: -123.96%
Return on Assets: -67.94%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.59
Quick Ratio: 4.52

Sales & Book Value

Annual Sales: $15.30 million
Price / Sales: 1.34
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.67 per share
Price / Book: 0.35

Miscellaneous

Outstanding Shares: 34,620,000
Free Float: 32,857,000
Market Cap: $20.46 million
Optionable: Optionable
Beta: 2.52

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Key Executives

Mr. Kevin Sun M.B.A. (Age 46)
CFO, Treasurer & Secretary
Comp: $461.92k
Mr. Ray Akhavan Esq. (Age 55)
J.D., General Counsel
Comp: $413.06k
Mr. Bret Christensen (Age 53)
President, CEO & Director
Mr. William W. Zondler
Chief Information Officer
Mr. Steve E. Kunszabo
Senior Director of Investor Relations
Ms. Jennifer Eilemberg
Chief Compliance Officer
Dr. Burkhard Jansen M.D. (Age 58)
Chief Medical Affairs Officer
Comp: $419.8k
Dr. Loren Clarke M.D.
Chief Medical Officer
Dr. Steven Stone Ph.D.
Senior Vice President of Research & Development
Mr. Mark Aguillard
Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DMTK Stock Analysis - Frequently Asked Questions

Should I buy or sell DermTech stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DermTech in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DMTK shares.
View DMTK analyst ratings or view top-rated stocks.
What is DermTech's stock price target for 2024?: 2 analysts have issued twelve-month target prices for DermTech's stock. Their DMTK share price targets range from $1.50 to $5.00. On average, they expect the company's share price to reach $3.25 in the next twelve months. This suggests a possible upside of 449.9% from the stock's current price.
View analysts price targets for DMTK or view top-rated stocks among Wall Street analysts.
How have DMTK shares performed in 2024?: DermTech's stock was trading at $1.75 at the beginning of 2024. Since then, DMTK stock has decreased by 66.2% and is now trading at $0.5910.
View the best growth stocks for 2024 here.
When is DermTech's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DMTK earnings forecast.

How were DermTech's earnings last quarter?: DermTech, Inc. (NASDAQ:DMTK) announced its quarterly earnings results on Thursday, February, 29th. The company reported ($0.56) earnings per share for the quarter, missing analysts' consensus estimates of ($0.54) by $0.02. The business earned $3.92 million during the quarter, compared to the consensus estimate of $4.05 million. DermTech had a negative net margin of 659.57% and a negative trailing twelve-month return on equity of 123.96%.
What other stocks do shareholders of DermTech own?: Based on aggregate information from My MarketBeat watchlists, some companies that other DermTech investors own include Pfizer (PFE), CrowdStrike (CRWD), DocuSign (DOCU), ONEOK (OKE), Intel (INTC), U.S. Xpress Enterprises (USX), Valero Energy (VLO), Hello Group (MOMO), AVEO Pharmaceuticals (AVEO) and Camping World (CWH).
How do I buy shares of DermTech?: Shares of DMTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DMTK) was last updated on 4/19/2024 by MarketBeat.com Staff

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