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Cutera Inc (NASDAQ:CUTR) At $2.62: What To Do?

In last trading session, Cutera Inc (NASDAQ:CUTR) saw 0.86 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $2.62 trading at -$0.03 or -1.13% at ring of the bell on the day assigns it a market valuation of $52.24M. That closing price of CUTR’s stock is at a discount of -1277.1% from its 52-week high price of $36.08 and is indicating a premium of 47.33% from its 52-week low price of $1.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.96 million shares which gives us an average trading volume of 1.95 million if we extend that period to 3-months.

Cutera Inc (NASDAQ:CUTR) trade information

Upright in the red during last session for losing -1.13%, in the last five days CUTR remained trading in the green while hitting it’s week-highest on Wednesday, 02/07/24 when the stock touched $2.62 price level, adding 9.03% to its value on the day. Cutera Inc’s shares saw a change of -25.67% in year-to-date performance and have moved 1.55% in past 5-day. Cutera Inc (NASDAQ:CUTR) showed a performance of -45.30% in past 30-days. Number of shares sold short was 6.17 million shares which calculate 2.09 days to cover the short interests.

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Cutera Inc (CUTR) estimates and forecasts

Statistics highlight that Cutera Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -80.77% of value to its shares in past 6 months, showing an annual growth rate of -24.54% while that of industry is -18.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -283.30% in the current quarter and calculating -760.00% decrease in the next quarter. This year revenue growth is estimated to fall -16.70% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $49.18 million for the same. And 5 analysts are in estimates of company making revenue of $46.23 million in the next quarter that will end on Dec 2023. Company posted $62.18 million and $67.35 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -20.90% while estimating it to be -31.40% for the next quarter.

In 2024, company’s earnings growth rate is likely to be around -267.08% while estimates for its earnings growth in next 5 years are of 25.00%.

CUTR Dividends

Cutera Inc is more likely to be releasing its next quarterly report between February 26 and March 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Cutera Inc (NASDAQ:CUTR)’s Major holders

Insiders are in possession of 4.59% of company’s total shares while institution are holding 113.09 percent of that, with stock having share float percentage of 118.54%. Investors also watch the number of corporate investors in a company very closely, which is 113.09% institutions for Cutera Inc that are currently holding shares of the company. RTW Investments LP is the top institutional holder at CUTR for having 1.85 million shares of worth $4.84 million. And as of Sep 29, 2023, it was holding 9.26% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 1.26 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 6.31% of outstanding shares, having a total worth of $3.29 million.

On the other hand, EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.69 million shares of worth $1.81 million or 3.46% of the total outstanding shares. The later fund manager was in possession of 0.54 million shares on Sep 29, 2023, making its stake of worth around $1.42 million in the company or a holder of 2.72% of company’s stock.

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