During the last session, CorMedix Inc (NASDAQ:CRMD)’s traded shares were 0.72 million, with the beta value of the company hitting 1.59. At the end of the trading day, the stock’s price was $3.82, reflecting an intraday loss of -4.50% or -$0.18. The 52-week high for the CRMD share is $7.00, that puts it down -83.25 from that peak though still a striking 32.72% gain since the share price plummeted to a 52-week low of $2.57. The company’s market capitalization is $209.95M, and the average intraday trading volume over the past 10 days was 0.63 million shares, and the average trade volume was 495.80K shares over the past three months.
CorMedix Inc (CRMD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CRMD has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.25.
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CorMedix Inc (NASDAQ:CRMD) trade information
CorMedix Inc (CRMD) registered a -4.50% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.50% in intraday trading to $3.82, hitting a weekly high. The stock’s 5-day price performance is -9.48%, and it has moved by -22.20% in 30 days. Based on these gigs, the overall price performance for the year is -12.18%. The short interest in CorMedix Inc (NASDAQ:CRMD) is 10.36 million shares and it means that shorts have 21.17 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 57.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, CRMD is trading at a discount of -135.6% off the target high and -135.6% off the low.
CorMedix Inc (CRMD) estimates and forecasts
Statistics show that CorMedix Inc has underperformed its competitors in share price, compared to the industry in which it operates. CorMedix Inc (CRMD) shares have gone up 26.49% during the last six months, with a year-to-date growth rate less than the industry average at 7.69% against 16.60.
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 1.67M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 8.56M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.58%. While earnings are projected to return 26.51% in 2024.
CRMD Dividends
CorMedix Inc is due to release its next quarterly earnings 2024-Aug-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
CorMedix Inc (NASDAQ:CRMD)’s Major holders
CorMedix Inc insiders own 0.96% of total outstanding shares while institutional holders control 31.95%, with the float percentage being 32.26%. BLACKROCK INC. is the largest shareholder of the company, while 125.0 institutions own stock in it. As of 2024-03-31, the company held over 3.49 million shares (or 6.1659% of all shares), a total value of $14.78 million in shares.
The next largest institutional holding, with 2.95 million shares, is of NOMURA HOLDINGS INC’s that is approximately 5.2189% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $12.51 million.
Also, the Mutual Funds coming in first place with the largest holdings of CorMedix Inc (CRMD) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.73 shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $6.59 million market value. The same data shows that the other fund manager holds slightly less at 1.36, or about 2.48% of the stock, which is worth about $5.2 million.
