The stock of Viveve Medical Inc (NASDAQ:VIVE) is a huge mover today! The stock increased 1.39% or $0.1 on October 3, hitting $7.32. About 109,133 shares traded hands or 101.78% up from the average. Viveve Medical Inc (NASDAQ:VIVE) has risen 10.94% since March 1, 2016 and is uptrending. It has underperformed by 1.28% the S&P500.
The move comes after 5 months negative chart setup for the $79.07 million company. It was reported on Oct, 4 by Barchart.com. We have $6.37 PT which if reached, will make NASDAQ:VIVE worth $10.28 million less.
Analysts await Viveve Medical Inc (NASDAQ:VIVE) to report earnings on November, 11. They expect $-0.41 earnings per share, up 43.06% or $0.31 from last year’s $-0.72 per share. After $-0.66 actual earnings per share reported by Viveve Medical Inc for the previous quarter, Wall Street now forecasts -37.88% EPS growth.
According to Zacks Investment Research, “Viveve Medical, Inc. is a medical device company focused on technologies for the cardiac and vascular markets. The Company’s lead product, RenalGuard (R), is designed to remove contrast dyes that are known to be toxic to the kidneys. Viveve Medical Inc., formerly known as PLC Systems Inc., is headquartered in Milford, Massachusetts.”
More notable recent Viveve Medical Inc (NASDAQ:VIVE) news were published by: Marketwatch.com which released: “Viveve Medical” on November 25, 2013, also Streetinsider.com with their article: “Form 424B3 VIVEVE MEDICAL, INC.” published on September 22, 2016, Streetinsider.com published: “Viveve Medical (VIVE) Reports Approval for Viveve System in Australia …” on September 08, 2016. More interesting news about Viveve Medical Inc (NASDAQ:VIVE) were released by: Reuters.com and their article: “BRIEF-Viveve Medical reports regulatory approval for Viveve(R) System” published on August 09, 2016 as well as Seekingalpha.com‘s news article titled: “Viveve Medical on deck for IPO” with publication date: May 25, 2016.
VIVE Company Profile
Viveve Medical, Inc., formerly PLC Systems, Inc., incorporated on March 1, 1999, designs, develops, makes and markets medical devices for the non-invasive treatment of vaginal laxity. The Company’s Viveve Treatment is a non-invasive solution for vaginal laxity that is performed in approximately 30 minutes, in a physician’s office. The Viveve System uses monopolar radiofrequency (RF) energy to generate low temperature heat. The vaginal mucosa is simultaneously cooled while this non-ablative heat is delivered into the submucosal layer. The RF energy stimulates the formation of collagen and causes the collagen fibers to remodel thereby tightening the submucosal tissue of the vaginal introitus. The RF stimulation causes subtle alterations in the collagen that can renew the tissue and further tighten the vaginal tissue over the next 1 to 3 months following treatment (the Viveve Treatment) and lead to increased sexual function.
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