Cutera Inc (NASDAQ:CUTR) has a beta value of 1.71 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $39.52M, closed the last trade at $1.98 per share which meant it gained $0.15 on the day or 8.20% during that session. The CUTR stock price is -1292.93% off its 52-week high price of $27.58 and 30.3% above the 52-week low of $1.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.81 million shares traded. The 3-month trading volume is 1.78 million shares.
Cutera Inc (NASDAQ:CUTR) trade information
Sporting 8.20% in the green in last session, the stock has traded in the red over the last five days, when the CUTR stock price touched $1.98 or saw a rise of 8.33%. Year-to-date, Cutera Inc shares have moved -43.83%, while the 5-day performance has seen it change -1.98%. Over the past 30 days, the shares of Cutera Inc (NASDAQ:CUTR) have changed -32.42%. Short interest in the company has seen 7.54 million shares shorted with days to cover at 7.57.
Cutera Inc (CUTR) estimates and forecasts
Figures show that Cutera Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -76.90% over the past 6 months, with this year growth rate of -35.53%, compared to -21.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -890.00% and -13.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -16.90%.
3 analysts offering their estimates for the company have set an average revenue estimate of $46.97 million for the current quarter. 2 have an estimated revenue figure of $38.55 million for the next quarter concluding in Mar 2024. Year-ago sales stood $67.35 million and $54.99 million respectively for this quarter and the next, and analysts expect sales will shrink by -30.30% for the current quarter and -29.90% for the next.
Earnings growth for 2024 is a modest -303.64% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
CUTR Dividends
Cutera Inc is expected to release its next earnings report on March 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cutera Inc (NASDAQ:CUTR)’s Major holders
Insiders own 4.99% of the company shares, while shares held by institutions stand at 91.12% with a share float percentage of 95.90%. Investors are also buoyed by the number of investors in a company, with Cutera Inc having a total of 144 institutions that hold shares in the company. The top two institutional holders are RTW Investments LP with over 1.85 million shares worth more than $27.94 million. As of Jun 29, 2023, RTW Investments LP held 9.26% of shares outstanding.
The other major institutional holder is Millennium Management Llc, with the holding of over 1.45 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $21.92 million and represent 7.26% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Vanguard Total Stock Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 3.46% shares in the company for having 0.69 million shares of worth $10.45 million while later fund manager owns 0.54 million shares of worth $8.22 million as of Jun 29, 2023, which makes it owner of about 2.72% of company’s outstanding stock.
