In recent trading session, Cutera Inc (NASDAQ:CUTR) saw 0.92 million shares changing hands at last check today with its beta currently measuring 1.29. Company’s recent per share price level of $0.41 trading at -$0.1 or -18.85% at last check today assigns it a market valuation of $8.25M. That most recent trading price of CUTR’s stock is at a discount of -1112.2% from its 52-week high price of $4.97 and is indicating a discount of -21.95% from its 52-week low price of $0.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.27 million shares which gives us an average trading volume of 338.76K if we extend that period to 3-months.
For Cutera Inc (CUTR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.88 in the current quarter.
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Cutera Inc (NASDAQ:CUTR) trade information
Upright in the red during last session for losing -18.85%, in the last five days CUTR remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $0.41 price level, adding 34.92% to its value on the day. Cutera Inc’s shares saw a change of -88.37% in year-to-date performance and have moved -30.11% in past 5-day. Cutera Inc (NASDAQ:CUTR) showed a performance of -43.75% in past 30-days. Number of shares sold short was 3.8 million shares which calculate 26.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 44 to the stock, which implies a rise of 99.07% to its recent value today. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 68. It follows that stock’s current price would drop -143.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -143.9% for stock’s current value.
Cutera Inc (CUTR) estimates and forecasts
Statistics highlight that Cutera Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -81.15% of value to its shares in past 6 months, showing an annual growth rate of 10.00% while that of industry is -12.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -33.40% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 36.01M for the same. And 4 analysts are in estimates of company making revenue of 34.24M in the next quarter. Company posted 49.54M and 37.32M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.66% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 5.96% while estimates for its earnings growth in next 5 years are of 25.00%.
Cutera Inc (NASDAQ:CUTR)’s Major holders
Insiders are in possession of 2.02% of company’s total shares while institution are holding 56.62 percent of that, with stock having share float percentage of 57.78%. Investors also watch the number of corporate investors in a company very closely, which is 56.62% institutions for Cutera Inc that are currently holding shares of the company. RTW INVESTMENTS, LP is the top institutional holder at CUTR for having 1.33 million shares of worth $2.01 million. And as of 2024-06-30, it was holding 6.6619 of the company’s outstanding shares.
The second largest institutional holder is PURA VIDA INVESTMENTS, LLC, which was holding about 1.17 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8316 of outstanding shares, having a total worth of $1.76 million.
