Now Is A Good Time To Buy Nevro Corp (NYSE: NVRO)

During the last session, Nevro Corp (NYSE:NVRO)’s traded shares were 0.87 million, with the beta value of the company hitting 0.98. At the end of the trading day, the stock’s price was $11.40, reflecting an intraday gain of 2.06% or $0.23. The 52-week high for the NVRO share is $28.42, that puts it down -149.3 from that peak though still a striking 14.39% gain since the share price plummeted to a 52-week low of $9.76. The company’s market capitalization is $418.72M, and the average trade volume was 525.40K shares over the past three months.

Nevro Corp (NYSE:NVRO) trade information

Nevro Corp (NVRO) registered a 2.06% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.06% in intraday trading to $11.40, hitting a weekly high. The stock’s 5-day price performance is 16.45%, and it has moved by -7.47% in 30 days. Based on these gigs, the overall price performance for the year is -58.96%.

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Nevro Corp (NVRO) estimates and forecasts

Statistics show that Nevro Corp has underperformed its competitors in share price, compared to the industry in which it operates. Nevro Corp (NVRO) shares have gone down -33.26% during the last six months, with a year-to-date growth rate less than the industry average at 13.82% against 14.30. In the rating firms’ projections, revenue will increase 3.50% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 107.09M as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 107.75M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 108.81M and 103.86M respectively. In this case, analysts expect current quarter sales to shrink by -1.60% and then jump by 3.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.37%. While earnings are projected to return 9.31% in 2024.

NVRO Dividends

Nevro Corp is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.