Cytosorbents Corp (NASDAQ:CTSO): -190.54% Off High, Can It Comeback?

In last trading session, Cytosorbents Corp (NASDAQ:CTSO) saw 0.52 million shares changing hands with its beta currently measuring 0.56. Company’s recent per share price level of $0.74 trading at -$0.16 or -18.05% at ring of the bell on the day assigns it a market valuation of $40.28M. That closing price of CTSO’s stock is at a discount of -190.54% from its 52-week high price of $2.15 and is indicating a premium of 5.41% from its 52-week low price of $0.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.11 million shares which gives us an average trading volume of 95.97K if we extend that period to 3-months.

Cytosorbents Corp (NASDAQ:CTSO) trade information

Upright in the red during last session for losing -18.05%, in the last five days CTSO remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $0.74 price level, adding 26.35% to its value on the day. Cytosorbents Corp’s shares saw a change of -33.33% in year-to-date performance and have moved -26.00% in past 5-day. Cytosorbents Corp (NASDAQ:CTSO) showed a performance of -29.52% in past 30-days. Number of shares sold short was 1.35 million shares which calculate 10.94 days to cover the short interests.

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Cytosorbents Corp (CTSO) estimates and forecasts

Statistics highlight that Cytosorbents Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.65% of value to its shares in past 6 months, showing an annual growth rate of 51.56% while that of industry is 11.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.90% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 10.3M for the same. And 1 analysts are in estimates of company making revenue of 11.4M in the next quarter. Company posted 8.67M and 9.78M 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 -2.64% during past 5 years.

Cytosorbents Corp (NASDAQ:CTSO)’s Major holders

Insiders are in possession of 3.84% of company’s total shares while institution are holding 34.99 percent of that, with stock having share float percentage of 36.39%. Investors also watch the number of corporate investors in a company very closely, which is 34.99% institutions for Cytosorbents Corp that are currently holding shares of the company. AVENIR CORP is the top institutional holder at CTSO for having 2.97 million shares of worth $2.09 million. And as of 2024-06-30, it was holding 5.4738 of the company’s outstanding shares.

The second largest institutional holder is SKYLANDS CAPITAL, LLC, which was holding about 2.84 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.2352 of outstanding shares, having a total worth of $2.0 million.