CVRx Inc (NASDAQ:CVRX) has a beta value of 1.11 and has seen 0.48 million shares traded in the recent trading session. The company, currently valued at $332.32M, closed the recent trade at $14.94 per share which meant it gained $1.54 on the day or 11.46% during that session. The CVRX stock price is -121.75% off its 52-week high price of $33.13 and 57.16% above the 52-week low of $6.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.52 million shares traded. The 3-month trading volume is 310.53K shares.
The consensus among analysts is that CVRx Inc (CVRX) is Buy stock at the moment, with a recommendation rating of 1.57. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.4.
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CVRx Inc (NASDAQ:CVRX) trade information
Sporting 11.46% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CVRX stock price touched $14.94 or saw a rise of 4.9%. Year-to-date, CVRx Inc shares have moved -52.50%, while the 5-day performance has seen it change 45.14%. Over the past 30 days, the shares of CVRx Inc (NASDAQ:CVRX) have changed 70.10%. Short interest in the company has seen 2.4 million shares shorted with days to cover at 13.29.
Wall Street analysts have a consensus price target for the stock at $15.5, which means that the shares’ value could jump 3.61% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $23.0. In that case, then, we find that the latest price level in today’s session is -53.95% off the targeted high while a plunge would see the stock lose 19.68% from the levels at last check today.
CVRx Inc (CVRX) estimates and forecasts
Figures show that CVRx Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 87.39% over the past 6 months, with this year growth rate of -30.15%, compared to 14.70% for the industry. Revenue growth from the last financial year stood is estimated to be 28.90%.
7 analysts offering their estimates for the company have set an average revenue estimate of 14.77M for the current quarter. 6 have an estimated revenue figure of 14.42M for the next ending quarter. Year-ago sales stood 11.3M and 11.41M respectively for this quarter and the next, and analysts expect sales will grow by 30.70% for the current quarter and 28.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -27.17% over the past 5 years.
CVRX Dividends
CVRx Inc is expected to release its next earnings report on 2025-Jan-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
CVRx Inc (NASDAQ:CVRX)’s Major holders
Insiders own 4.41% of the company shares, while shares held by institutions stand at 67.81% with a share float percentage of 70.94%. Investors are also buoyed by the number of investors in a company, with CVRx Inc having a total of 117.0 institutions that hold shares in the company. The top two institutional holders are JOHNSON & JOHNSON with over 4.1 million shares worth more than $49.2 million. As of 2024-06-30, JOHNSON & JOHNSON held 19.3266% of shares outstanding.
The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 2.37 million shares as of 2024-06-30. The firm’s total holdings are worth over $28.42 million and represent 11.1649% of shares outstanding.
