Charming Medical (MCTA)
Market Price (1/15/2026): $29.0 | Market Cap: $-Sector: Health Care | Industry: Health Care Facilities
Charming Medical (MCTA)
Market Price (1/15/2026): $29.0Market Cap: $-Sector: Health CareIndustry: Health Care Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Precision Medicine, and Digital Health & Telemedicine. Themes include Personalized Diagnostics, Targeted Therapies, Show more. | High stock price volatilityVol 12M is 320% |
| Key risksMCTA key risks include [1] an SEC trading suspension over concerns of potential stock manipulation and [2] poor quality of earnings combined with significant liquidity risks. |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Digital Health & Telemedicine. Themes include Personalized Diagnostics, Targeted Therapies, Show more. |
| High stock price volatilityVol 12M is 320% |
| Key risksMCTA key risks include [1] an SEC trading suspension over concerns of potential stock manipulation and [2] poor quality of earnings combined with significant liquidity risks. |
Why The Stock Moved
Qualitative Assessment
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1. Initial Public Offering (IPO) and Nasdaq Listing: Charming Medical Limited began trading its Class A ordinary shares on the Nasdaq Capital Market on October 21, 2025, with an initial public offering (IPO) price of $4.00 per share. The successful closing of the IPO, including the full exercise of an over-allotment option raising total proceeds to approximately $7.36 million, generated initial market activity and investor attention.
2. Rapid and Significant Stock Price Appreciation: Following its IPO, MCTA experienced a dramatic surge in its stock price, reaching an all-time high of $31.70 per share by November 11, 2025. This substantial increase contributed to the overall volatility and movement of the stock within the specified period.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
10/31/2025 to 1/14/2026| Return | Correlation | |
|---|---|---|
| MCTA | 24.9% | |
| Market (SPY) | 1.2% | 85.4% |
| Sector (XLV) | 9.4% | 34.3% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 1/14/2026| Return | Correlation | |
|---|---|---|
| MCTA | ||
| Market (SPY) | 9.5% | 20.0% |
| Sector (XLV) | 21.6% | -31.3% |
Fundamental Drivers
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Market Drivers
1/31/2025 to 1/14/2026| Return | Correlation | |
|---|---|---|
| MCTA | ||
| Market (SPY) | 15.7% | 20.0% |
| Sector (XLV) | 8.9% | -31.3% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 1/14/2026| Return | Correlation | |
|---|---|---|
| MCTA | ||
| Market (SPY) | 76.2% | 20.0% |
| Sector (XLV) | 23.9% | -31.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MCTA Return | - | - | - | - | - | - | - |
| Peers Return | 15% | -23% | 44% | -36% | 20% | 11% | 8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 85% |
Monthly Win Rates [3] | |||||||
| MCTA Win Rate | - | - | - | - | 100% | - | |
| Peers Win Rate | 58% | 35% | 60% | 40% | 43% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| MCTA Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -13% | -50% | -22% | -45% | -35% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: USNA, NUS, NATR, HLF, ELF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/14/2026 (YTD)
How Low Can It Go
MCTA has limited trading history. Below is the Health Care sector ETF (XLV) in its place.
| Event | XLV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -16.1% | -25.4% |
| % Gain to Breakeven | 19.1% | 34.1% |
| Time to Breakeven | 599 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -28.8% | -33.9% |
| % Gain to Breakeven | 40.4% | 51.3% |
| Time to Breakeven | 116 days | 148 days |
| 2018 Correction | ||
| % Loss | -15.8% | -19.8% |
| % Gain to Breakeven | 18.8% | 24.7% |
| Time to Breakeven | 326 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -40.6% | -56.8% |
| % Gain to Breakeven | 68.3% | 131.3% |
| Time to Breakeven | 1,100 days | 1,480 days |
Compare to USNA, NUS, NATR, HLF, ELF
In The Past
SPDR Select Sector Fund's stock fell -16.1% during the 2022 Inflation Shock from a high on 4/8/2022. A -16.1% loss requires a 19.1% gain to breakeven.
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AI Analysis | Feedback
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AI Analysis | Feedback
I could not locate a public company named 'Charming Medical' with the stock symbol MCTA in financial databases. The following are hypothetical products for a company with such a name:- Aesthetic Enhancement Systems: Comprehensive suite of non-invasive devices for cosmetic procedures, including advanced laser platforms and radiofrequency tools for skin tightening and rejuvenation.
- Personalized Digital Health Assistants: AI-driven software applications that provide tailored health insights, medication reminders, and virtual coaching to empower individuals in managing their well-being.
- Comfort-Focused Patient Recovery Aids: Ergonomic and technologically integrated medical aids, such as specialized mobility devices and therapeutic support systems, designed to enhance patient comfort during recovery.
- Minimally Invasive Surgical Technologies: Precision instruments and visualization systems designed to enable less invasive surgical procedures, leading to faster recovery times and reduced patient discomfort.
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Charming Medical (MCTA) Major Customers
A comprehensive search for a publicly traded company named "Charming Medical" with the stock symbol MCTA did not yield results for an existing, real entity. It is highly probable that this company is fictitious, or there might be a typo in the provided name or symbol.
As I cannot identify actual customers for a non-existent company, I will provide hypothetical examples for both a business-to-business (B2B) model and a business-to-consumer (B2C) model, demonstrating how this information would typically be presented for a real medical company.
Hypothetical Scenario 1: Company Sells Primarily to Other Companies (B2B)
If Charming Medical (MCTA) were a real company that manufactures specialized medical equipment, pharmaceuticals, or provides healthcare technology solutions primarily to other businesses, its major customers might include:
- Large Hospital Systems: These integrated healthcare providers often purchase medical devices, supplies, and IT services in bulk.
- HCA Healthcare (Symbol: HCA)
- Tenet Healthcare (Symbol: THC)
- Universal Health Services (Symbol: UHS)
- Group Purchasing Organizations (GPOs): Organizations that aggregate purchasing power for hospitals and other healthcare providers to negotiate discounts with manufacturers and vendors.
- Premier, Inc. (Symbol: PINC)
- Vizient (Private company)
- Pharmaceutical Distributors: Companies that distribute drugs and medical products from manufacturers to pharmacies, hospitals, and clinics.
- McKesson Corporation (Symbol: MCK)
- Cardinal Health, Inc. (Symbol: CAH)
Hypothetical Scenario 2: Company Sells Primarily to Individuals (B2C)
If Charming Medical (MCTA) were a real company primarily selling medical products or services directly to individuals (e.g., durable medical equipment, telehealth services, direct-to-consumer lab testing, home health aids), its customer categories might include:
- Patients Requiring Chronic Care Management: Individuals living with long-term conditions such as diabetes, heart disease, or respiratory illnesses, who need ongoing monitoring devices, specialized supplies, or regular remote consultations.
- Health-Conscious Consumers Seeking Preventative Care: Individuals actively investing in wellness products, fitness trackers, early diagnostic kits, or nutritional supplements to maintain or improve their health proactively.
- Elderly or Mobility-Challenged Individuals: Customers requiring assistive devices (e.g., walkers, wheelchairs), home health services, remote patient monitoring systems, or accessible home modification products to support independent living.
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Kit Wong, Chief Executive Officer, Director
Charming Medical Limited, headquartered in Hong Kong, was founded in 2016 and provides beauty, wellness, and postpartum services under the Beauty Lab brand name. Kit Wong serves as the Chief Executive Officer and a Director of Charming Medical Limited. Her total compensation is reported to be below average for companies of similar size in the US market, and her compensation increased by more than 20% in the past year.
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The key risks to Charming Medical (symbol: MCTA) are as follows:
- SEC Trading Suspension and Market Manipulation Concerns: The U.S. Securities and Exchange Commission (SEC) has suspended trading of MCTA due to concerns over potential stock manipulation via social media. This action, stemming from allegations of unidentified individuals urging investors to buy, hold, or sell MCTA stocks, directly impacts the company's market access and reputation, despite Charming Medical's statement of non-participation and cooperation with the SEC and Nasdaq.
- Poor Quality of Earnings and Liquidity Risks: Charming Medical exhibits a poor quality of earnings, indicated by a high Sloan Ratio, which suggests a significant portion of its reported profits may be accrual-based and raises concerns about their sustainability. Furthermore, the company faces potential liquidity risks, as evidenced by its low current ratio of 0.68 and a high debt-to-equity ratio of 23.69.
- Regulatory Changes and Geopolitical Tensions: Operating within the healthcare sector in Hong Kong, Charming Medical is exposed to sector-specific risks, including potential regulatory changes in the healthcare industry. Additionally, the company's operations in Hong Kong make it vulnerable to the impact of geopolitical tensions in the region.
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Charming Medical (MCTA) provides Traditional Chinese Medicine (TCM)-inspired beauty, wellness, and postpartum recovery services, along with related products, primarily operating in Hong Kong under the "Beauty Lab" brand name. Its services include womb-warming therapy, pelvic detox therapy, agarwood moxibustion therapy, TCM-inspired prenatal massage, and Indonesian traditional abdominal binding. The company also offers TCM-inspired supplements and beauty products.
The addressable markets for Charming Medical's main products and services can be contextualized within the broader global medical aesthetics, minimally invasive cosmetic procedures, and aesthetic dermatology markets. While highly specialized in TCM-inspired approaches, these broader markets represent the overall demand for aesthetic enhancement and well-being services that Charming Medical aims to address.
The global aesthetic medicine market was estimated at USD 89.64 billion in 2024 and is projected to reach USD 239.98 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 11.73% from 2025 to 2033. Similarly, another report valued the global aesthetic medicine market at USD 84.11 billion in 2023, with a projection to reach approximately USD 212.67 billion by 2033, at a CAGR of 9.72% from 2024 to 2033.
The global medical aesthetic devices market was valued at USD 16.44 billion in 2024 and is expected to reach USD 38.16 billion by 2032, growing at a CAGR of 11.10%. Another estimate places the medical aesthetic devices market size at USD 17.10 billion in 2025, forecast to reach USD 27.92 billion by 2030, with a CAGR of 10.30%. The global medical aesthetics market, more broadly, was valued at US$17.16 billion in 2024 and is projected to grow to US$35.32 billion by 2030, at a CAGR of 12.8%.
For minimally invasive cosmetic procedures, the global market size was valued at USD 6.56 billion in 2024 and is projected to grow to USD 13.99 billion in 2033, with a CAGR of 8.78% during the forecast period (2025–2033). Another report indicated the global minimally invasive cosmetic procedures market size was USD 6.39 billion in 2024, escalating to USD 16.2 billion by 2035, suggesting a CAGR of 8.83% from 2025 to 2035.
The global aesthetic dermatology market was valued at USD 18.84 billion in 2024 and is projected to grow at a CAGR of 15.04% from 2025 to 2032.
Regarding regional markets, Charming Medical is based in Hong Kong. The medical aesthetic devices market in China is expected to increase at a CAGR of 9% from 2022 to 2027. Furthermore, the Asia-Pacific region is anticipated to lead in the medical aesthetic devices market with an expected 11.45% CAGR through 2030.
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Here are 3-5 expected drivers of future revenue growth for Charming Medical (MCTA) over the next 2-3 years:- Expansion of Operations and Geographical Presence: Charming Medical plans to utilize the net proceeds from its recent Initial Public Offering (IPO) for expanding its business operations and geographical coverage. The company, based in Hong Kong, specializes in Traditional Chinese Medicine (TCM)-inspired therapies and products, focusing on beauty, wellness, and postpartum services. This expansion aims to broaden its reach beyond its current four wellness centers in Hong Kong.
- Strategic Investments and Acquisitions: A portion of the IPO funds is earmarked for exploring potential strategic investments and acquisitions. This indicates a strategy to grow revenue through inorganic means by acquiring or investing in complementary businesses or technologies.
- Research and Development (R&D): Charming Medical intends to enhance its research and development efforts with the capital raised from its IPO. This focus on R&D suggests the potential for new product launches, the introduction of innovative TCM-inspired therapies, or improvements to existing offerings, such as their Beauty Lab home herbal uterine care patch, probiotic intimate wash, and various beauty products.
- Growth of Existing TCM-inspired Therapies and Products: The company's core business involves a wide range of TCM-inspired therapies and products, including womb-warming therapy, pelvic detox therapy, moxibustion, prenatal massage, and various supplements and beauty products. As the company expands its operations and geographical footprint, it is expected to increase the customer base and market penetration for these established services and products, thereby driving revenue growth.
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Share Repurchases
- Charming Medical's 1-Year Share Buyback Ratio was 0.00% as of March 2025, indicating no significant share repurchases.
Share Issuance
- The company completed an Initial Public Offering (IPO) on October 21, 2025, issuing 1,600,000 Class A ordinary shares at $4.00 per share, generating gross proceeds of approximately $6.4 million.
- Underwriters fully exercised an over-allotment option, purchasing an additional 240,000 Class A ordinary shares at $4.00 per share, which added $0.96 million in gross proceeds.
- The aggregate gross proceeds from the IPO, including the over-allotment, totaled approximately $7.36 million.
Outbound Investments
- Net proceeds from the IPO are intended for potential strategic investments and acquisitions.
Capital Expenditures
- Capital expenditures for the six months ended March 2025 were -$0.12 million.
- In the last 12 months, capital expenditures amounted to -$287,527.
- The company plans to use IPO proceeds for business expansion, geographic coverage growth, and research and development, indicating future capital expenditure focus.
Research & Analysis
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Peer Comparisons for Charming Medical
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 20.31 |
| Mkt Cap | 0.5 |
| Rev LTM | 1,386 |
| Op Inc LTM | 60 |
| FCF LTM | 53 |
| FCF 3Y Avg | 61 |
| CFO LTM | 89 |
| CFO 3Y Avg | 105 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | -2.4% |
| Rev Chg Q | 6.7% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 5.1% |
| Op Mgn 3Y Avg | 8.0% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 6.1% |
| CFO/Rev 3Y Avg | 7.0% |
| FCF/Rev LTM | 4.4% |
| FCF/Rev 3Y Avg | 4.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2025 | 07/30/2025 | F-1/A (03/31/2025) |
| 09/30/2024 | 05/14/2025 | F-1 (09/30/2024) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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