In the last trading session, 91556.0 KORU Medical Systems Inc (NASDAQ:KRMD) shares changed hands as the company’s beta touched 0.44. With the company’s per share price at $4.00 changed hands at $0.05 or 1.39% during last session, the market valuation stood at $183.58M. KRMD’s last price was a discount, traded about -15.0% off its 52-week high of $4.60. The share price had its 52-week low at $1.98, which suggests the last value was 50.5% up since then. When we look at KORU Medical Systems Inc’s average trading volume, we note the 10-day average is 0.1 million shares, with the 3-month average coming to 57.33K.

Analysts gave the KORU Medical Systems Inc (KRMD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended KRMD as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. KORU Medical Systems Inc’s EPS for the current quarter is expected to be -0.03.

KORU Medical Systems Inc (NASDAQ:KRMD) trade information

Instantly KRMD was in green as seen at the end of in last trading. With action -2.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 63.14%, with the 5-day performance at -2.79% in the red. However, in the 30-day time frame, KORU Medical Systems Inc (NASDAQ:KRMD) is 13.78% up. Looking at the short shares, we see there were 0.49 million shares sold at short interest cover period of 11.67 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3.25, meaning bulls need a downside of -23.08% from its current market value. According to analyst projections, KRMD’s forecast low is 3 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a 12.5% surge from its current level, while the stock would need to tank 25.0% for it to hit the projected low.

KORU Medical Systems Inc (KRMD) estimates and forecasts

Data shows that the KORU Medical Systems Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 40.03% over the past 6 months, a -7.69% in annual growth rate that is considerably lower than the industry average of 15.50%. Year-over-year growth is forecast to reach 15.48% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 8.13M. 5 analysts are of the opinion that KORU Medical Systems Inc’s revenue for the current quarter will be 8.78M. The company’s revenue for the corresponding quarters a year ago was 7.19M and 8.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.11%. The estimates for the next quarter sales put growth at 7.06%.

The 2024 estimates are for KORU Medical Systems Inc earnings to increase by 14.40%.

KRMD Dividends

KORU Medical Systems Inc is expected to release its next quarterly earnings report in January.

KORU Medical Systems Inc (NASDAQ:KRMD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 6.30% of KORU Medical Systems Inc shares while 54.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.04%. There are 54.38% institutions holding the KORU Medical Systems Inc stock share, with FIRST LIGHT ASSET MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 11.022% of the shares, roughly 5.04 million KRMD shares worth $13.35 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.9001% or 1.78 million shares worth $4.72 million as of 2024-06-30.