Are Catheter Precision Inc (AMEX: VTAK) Shares Ready For A Price Rise?

In the latest trading session, 0.51 million Catheter Precision Inc (AMEX:VTAK) shares changed hands as the company’s beta touched -0.41. With the company’s most recent per share price at $0.41 changing hands around $0.06 or 18.13% at last look, the market valuation stands at $3.28M. VTAK’s current price is a discount, trading about -1948.78% off its 52-week high of $8.40. The share price had its 52-week low at $0.31, which suggests the last value was 24.39% up since then. When we look at Catheter Precision Inc’s average trading volume, we note the 10-day average is 0.12 million shares, with the 3-month average coming to 3.53 million.

Catheter Precision Inc (AMEX:VTAK) trade information

Instantly VTAK is in green as seen in intraday trades today. With action 20.17%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -89.86%, with the 5-day performance at 20.17% in the green. However, in the 30-day time frame, Catheter Precision Inc (AMEX:VTAK) is -2.87% down. Looking at the short shares, we see there were 0.18 million shares sold at short interest cover period of 0.02 days.

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Catheter Precision Inc (VTAK) estimates and forecasts

Data shows that the Catheter Precision Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -93.45% over the past 6 months, a 92.64% in annual growth rate that is considerably higher than the industry average of 15.50%.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 280k. 1 analysts are of the opinion that Catheter Precision Inc’s revenue for the current quarter will be 310k. The estimates for the next quarter sales put growth at 278.05%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 66.41%. The 2024 estimates are for Catheter Precision Inc earnings to increase by 93.15%.

VTAK Dividends

Catheter Precision Inc is expected to release its next quarterly earnings report in January.

Catheter Precision Inc (AMEX:VTAK)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 13.53% of Catheter Precision Inc shares while 4.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.39%.