10 Best Rebound Stocks To Invest In Now

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4. Establishment Labs Holdings Inc. (NASDAQ:ESTA)

Number of Hedge Fund Holders: 24   

Year-To-Date Decline in Share Price: 33.2%   

Establishment Labs Holdings Inc. (NASDAQ:ESTA) is a medical technology company that manufactures and markets medical devices for aesthetic and reconstructive plastic surgery. In November last year, the company reported its financial results for the third quarter of 2024. It achieved total revenue of $40.2 million, a 4.5% increase from $38.5 million in the same period of 2023. Gross profit was $25.7 million, representing 63.9% of revenue, compared to $26.1 million, or 67.7% of revenue, in the third quarter of 2023. The decline in gross margin was primarily due to geographic sales mix and unfavorable foreign currency exchange rates. Total operating expenses decreased by $8.2 million to $38.9 million, down from $47.1 million in the same quarter of the previous year.

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