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Investing in cheap or undervalued stocks with strong fundamentals should help Canadians generate outsized gains over time. In this article, I have identified three TSX stocks that are trading at bargain prices in April 2025.
Is this TSX stock undervalued right now?
Profound Medical (TSX:PRN) reported its strongest quarter yet, with fourth-quarter (Q4) revenue doubling year over year to $4.2 million and gross margins reaching 71%, up from 52% the previous year. It also reduced its net loss by 45% to $4.9 million.
The medical device maker, which specializes in MRI-guided prostate tissue ablation, is benefiting from Medicare reimbursement that took effect on January 1, 2025, at a higher payment level than competing technologies. Moreover, the management is transitioning from a placement model to capital sales while expanding its commercial team.
Profound’s TULSA-PRO system is positioned as uniquely…
