CorMedix Inc (NASDAQ:CRMD) has a beta value of 1.58 and has seen 1.87 million shares traded in the last trading session. The company, currently valued at $578.14M, closed the last trade at $9.59 per share which meant it lost -$0.4 on the day or -4.00% during that session. The CRMD stock price is -44.42% off its 52-week high price of $13.85 and 73.2% above the 52-week low of $2.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.08 million shares traded. The 3-month trading volume is 1.09 million shares.
The consensus among analysts is that CorMedix Inc (CRMD) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
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CorMedix Inc (NASDAQ:CRMD) trade information
Sporting -4.00% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CRMD stock price touched $9.59 or saw a rise of 30.76%. Year-to-date, CorMedix Inc shares have moved 155.05%, while the 5-day performance has seen it change -29.43%. Over the past 30 days, the shares of CorMedix Inc (NASDAQ:CRMD) have changed 7.75%. Short interest in the company has seen 7.86 million shares shorted with days to cover at 7.99.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -6.56% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is 6.15% off the targeted high while a plunge would see the stock lose 6.15% from current levels.
CorMedix Inc (CRMD) estimates and forecasts
Figures show that CorMedix Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 62.82% over the past 6 months, with this year growth rate of 49.45%, compared to 17.50% for the industry.
4 analysts offering their estimates for the company have set an average revenue estimate of 19.79M for the current quarter. 1 have an estimated revenue figure of 31.02M for the next ending quarter.
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 9.58% over the past 5 years.
CRMD Dividends
CorMedix Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
CorMedix Inc (NASDAQ:CRMD)’s Major holders
Insiders own 0.97% of the company shares, while shares held by institutions stand at 30.87% with a share float percentage of 31.17%. Investors are also buoyed by the number of investors in a company, with CorMedix Inc having a total of 130.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 3.55 million shares worth more than $15.39 million. As of 2024-06-30, BLACKROCK INC. held 6.1796% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.9 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.57 million and represent 5.0476% of shares outstanding.
