During the last session, CVRx Inc (NASDAQ:CVRX)’s traded shares were 1.33 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $14.07, reflecting an intraday gain of 31.01% or $3.33. The 52-week high for the CVRX share is $33.13, that puts it down -135.47 from that peak though still a striking 54.51% gain since the share price plummeted to a 52-week low of $6.40. The company’s market capitalization is $306.53M, and the average intraday trading volume over the past 10 days was 0.58 million shares, and the average trade volume was 307.03K shares over the past three months.
CVRx Inc (CVRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. CVRX has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.43.
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CVRx Inc (NASDAQ:CVRX) trade information
CVRx Inc (CVRX) registered a 31.01% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 31.01% in intraday trading to $14.07, hitting a weekly high. The stock’s 5-day price performance is 38.35%, and it has moved by 62.28% in 30 days. Based on these gigs, the overall price performance for the year is 9.03%. The short interest in CVRx Inc (NASDAQ:CVRX) is 2.4 million shares and it means that shorts have 13.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $15.5, which implies an increase of 9.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $23 respectively. As a result, CVRX is trading at a discount of -63.47% off the target high and 14.71% off the low.
CVRx Inc (CVRX) estimates and forecasts
Statistics show that CVRx Inc has underperformed its competitors in share price, compared to the industry in which it operates. CVRx Inc (CVRX) shares have gone up 39.03% during the last six months, with a year-to-date growth rate less than the industry average at -28.64% against 14.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 2.30% this quarter and then jump 52.90% in the quarter after that. In the rating firms’ projections, revenue will increase 28.40% 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 14.78M as predicted by 7 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 14.63M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.3M and 11.41M respectively. In this case, analysts expect current quarter sales to grow by 30.70% and then jump by 28.20% 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 -27.17%. While earnings are projected to return -29.13% in 2024.
CVRX Dividends
CVRx Inc is due to release its next quarterly earnings on 2025-Jan-23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
CVRx Inc (NASDAQ:CVRX)’s Major holders
CVRx Inc insiders own 4.90% of total outstanding shares while institutional holders control 75.38%, with the float percentage being 79.26%. JOHNSON & JOHNSON is the largest shareholder of the company, while 115.0 institutions own stock in it. As of 2024-06-30, the company held over 4.1 million shares (or 19.3266% of all shares), a total value of $49.2 million in shares.
The next largest institutional holding, with 2.37 million shares, is of NEA MANAGEMENT COMPANY, LLC’s that is approximately 11.1649% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $28.42 million.
