CVRx Inc (NASDAQ:CVRX)’s traded shares stood at 0.45 million during the last session, with the company’s beta value hitting 1.26. At the close of trading, the stock’s price was $7.85, to imply an increase of 3.15% or $0.24 in intraday trading. The CVRX share’s 52-week high remains $33.13, putting it -322.04% down since that peak but still an impressive 18.47% since price per share fell to its 52-week low of $6.40. The company has a valuation of $171.05M, with an average of 0.22 million shares in intraday trading volume over the past 10 days and average of 351.03K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for CVRx Inc (CVRX), translating to a mean rating of 1.57. Of 4 analyst(s) looking at the stock, 0 analyst(s) give CVRX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.47.
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CVRx Inc (NASDAQ:CVRX) trade information
After registering a 3.15% upside in the last session, CVRx Inc (CVRX) has traded red over the past five days. The 5-day price performance for the stock is -6.77%, and -1.51% over 30 days. With these gigs, the year-to-date price performance is -75.03%. Short interest in CVRx Inc (NASDAQ:CVRX) saw shorts transact 2.29 million shares and set a 6.1 days time to cover.
The extremes give us $12 and $23 for target low and target high price respectively. As such, CVRX has been trading -192.99% off suggested target high and -52.87% from its likely low.
CVRx Inc (CVRX) estimates and forecasts
Looking at statistics comparing CVRx Inc share performance against respective industry, we note that the company has underperformed competitors. CVRx Inc (CVRX) shares are -63.47% down over the last 6 months, with its year-to-date growth rate lower than industry average at -28.64% against 12.60%. Revenue is forecast to shrink -9.30% this quarter before falling -2.30% for the next one. The rating firms project that company’s revenue will grow 28.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 13.2M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 14.76M.Earnings reports from the last fiscal year show that sales brought in 10.51M and 11.3M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.60% before jumping 30.60% in the following quarter.
CVRX Dividends
CVRx Inc has its next earnings report out on 2024-Oct-24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
CVRx Inc (NASDAQ:CVRX)’s Major holders
CVRx Inc insiders hold 9.52% of total outstanding shares, with institutional holders owning 76.28% of the shares at 84.31% float percentage. In total, 76.28% institutions holds shares in the company, led by JOHNSON & JOHNSON. As of 2024-06-30, the company held over 4.1 million shares (or 19.3266% of shares), all amounting to roughly $49.2 million.
The next major institution holding the largest number of shares is NEA MANAGEMENT COMPANY, LLC with 2.37 million shares, or about 11.1649% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $28.42 million.
