Cutera Inc (NASDAQ: CUTR): Are We Watching A Disaster Or Are We Buying A Gold Mine?

In the last trading session, 1.1 million shares of the Cutera Inc (NASDAQ:CUTR) were traded, and its beta was 1.50. Most recently the company’s share price was $1.95, and it changed around -$0.35 or -15.22% from the last close, which brings the market valuation of the company to $38.92M. CUTR currently trades at a discount to its 52-week high of $24.46, offering almost -1154.36% off that amount. The share price’s 52-week low was $1.28, which indicates that the current value has risen by an impressive 34.36% since then. We note from Cutera Inc’s average daily trading volume that its 3-month average coming to 1.14 million.

Cutera Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended CUTR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Cutera Inc is expected to report earnings per share of $Cutera, Inc. for the current quarter.

Cutera Inc (NASDAQ:CUTR) trade information

Instantly CUTR has showed a red trend with a performance of -15.22% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -44.68% year-to-date, but still down -11.76% over the last five days. On the other hand, Cutera Inc (NASDAQ:CUTR) is -7.58% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $52, which translates to bulls needing to increase their stock price by 96.25% from its current value. Analyst projections state that CUTR is forecast to be at a low of $33 and a high of $68.

Cutera Inc (CUTR) estimates and forecasts

Cutera Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -55.98 percent over the past six months and at a 21.28% annual growth rate that is well above the industry average of 5.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.69%. Cutera Inc earnings are expected to increase by -3.56% in 2024, but the outlook is positive 25.00% per year for the next five years.