Magnificence Well being Co. (NASDAQ:SKIN) dropped 7% amid a brand new quick report from The Bear Cave.

The Bear Cave report highlights competitors that Magnificence Well being’s HydraFacial machine has with DiamondGlow, a product from AbbVie’s (ABBV) Allergan enterprise.

Magnificence Well being (SKIN) shares had risen 6.5% by means of Wednesday since going public in a de-SPAC in Could 2021. The SPAC that Magnificence Well being went public by means of was led by former Allergan CEO Brent Saunders.

“Buying and selling for ~5x income at the moment, The Bear Cave believes HydraFacial is about to faceplant,” the Bear Cave wrote within the quick report.

Magnificence Well being (SKIN) did not instantly reply to Searching for Alpha e mail request for remark.

Magnificence Well being (SKIN) quick curiosity is 32%.

Magnificence Well being (SKIN) is scheduled to report This autumn outcomes Feb. 28.