In today’s recent session, 0.51 million shares of the CVRx Inc (NASDAQ:CVRX) have been traded, and its beta is 1.21. Most recently the company’s share price was $13.38, and it changed around $2.64 or 24.58% from the last close, which brings the market valuation of the company to $291.55M. CVRX at last check was trading at a discount to its 52-week high of $33.13, offering almost -147.61% off that amount. The share price’s 52-week low was $6.40, which indicates that the recent value has risen by an impressive 52.17% since then. We note from CVRx Inc’s average daily trading volume that its 10-day average is 0.47 million shares, with the 3-month average coming to 307.03K.

CVRx Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended CVRX as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. CVRx Inc is expected to report earnings per share of -0.43 for the current quarter.

CVRx Inc (NASDAQ:CVRX) trade information

Instantly CVRX has been showing a green trend so far today with a performance of 24.58% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.80 on recent trading dayincreased the stock’s daily price by 3.04%. The company’s shares are currently down -57.44% year-to-date, but still up 31.56% over the last five days. On the other hand, CVRx Inc (NASDAQ:CVRX) is 54.33% up in the 30-day period. We can see from the shorts that 2.4 million shares have been sold at a short interest cover period of 13.29 day(s).

The consensus price target as assigned by Wall Street analysts is $15.5, which translates to bulls needing to increase their stock price by 13.68% from its current value. Analyst projections state that CVRX is forecast to be at a low of $12 and a high of $23.

CVRx Inc (CVRX) estimates and forecasts

CVRx Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 32.21 percent over the past six months and at a -28.64% annual growth rate that is well below the industry average of 14.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 2.30% in revenue this quarter, and will report an increase of 52.90% in the next quarter. The year-over-year growth rate is expected to be 28.40%, up from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 14.78M in revenue for the current quarter. 5 analysts expect CVRx Inc to make 14.63M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 11.3M and 11.41M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.70%. Forecasts for the next quarter put sales growth at 28.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.17%.

CVRX Dividends

CVRx Inc’s next quarterly earnings report is expected to be released on 2025-Jan-23.

CVRx Inc (NASDAQ:CVRX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.90% of CVRx Inc shares, and 75.38% of them are in the hands of institutional investors. The stock currently has a share float of 79.26%. CVRx Inc stock is held by 115.0 institutions, with JOHNSON & JOHNSON being the largest institutional investor. By 2024-06-30, it held 19.3266% of the shares, which is about 4.1 million shares worth $49.2 million.

NEA MANAGEMENT COMPANY, LLC, with 11.1649% or 2.37 million shares worth $28.42 million as of 2024-06-30, holds the second largest percentage of outstanding shares.