Cutera Inc (NASDAQ:CUTR) has a beta value of 1.30 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $13.74M, closed the recent trade at $0.55 per share which meant it gained $0.07 on the day or 13.29% during that session. The CUTR stock price is -803.64% off its 52-week high price of $4.97 and 49.09% above the 52-week low of $0.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.58 million shares traded. The 3-month trading volume is 365.46K shares.
The consensus among analysts is that Cutera Inc (CUTR) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.98.
Cutera Inc (NASDAQ:CUTR) trade information
Sporting 13.29% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CUTR stock price touched $0.55 or saw a rise of 3.51%. Year-to-date, Cutera Inc shares have moved 55.37%, while the 5-day performance has seen it change 67.16%. Over the past 30 days, the shares of Cutera Inc (NASDAQ:CUTR) have changed 27.54%. Short interest in the company has seen 4.08 million shares shorted with days to cover at 11.57.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could jump 45.0% from the levels at last check today. The projected low price target is $1.0 while the price target rests at a high of $1.0. In that case, then, we find that the latest price level in today’s session is -81.82% off the targeted high while a plunge would see the stock gain -81.82% from the levels at last check today.
Cutera Inc (CUTR) estimates and forecasts
Figures show that Cutera Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -60.27% over the past 6 months, with this year growth rate of -9.15%, compared to -17.50% for the industry. Revenue growth from the last financial year stood is estimated to be -33.59%.
3 analysts offering their estimates for the company have set an average revenue estimate of 35.38M for the current quarter. 3 have an estimated revenue figure of 34.06M for the next ending quarter. Year-ago sales stood 49.54M and 38.79M respectively for this quarter and the next, and analysts expect sales will shrink by -28.59% for the current quarter and -33.59% for the next.
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 -29.66% over the past 5 years. Earnings growth for 2025 is a modest -1.05% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
CUTR Dividends
Cutera Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cutera Inc (NASDAQ:CUTR)’s Major holders
Insiders own 1.98% of the company shares, while shares held by institutions stand at 37.21% with a share float percentage of 37.96%. Investors are also buoyed by the number of investors in a company, with Cutera Inc having a total of 74.0 institutions that hold shares in the company. The top two institutional holders are RTW INVESTMENTS, LP with over 1.33 million shares worth more than $2.01 million. As of 2024-06-30, RTW INVESTMENTS, LP held 6.6619% of shares outstanding.
The other major institutional holder is PURA VIDA INVESTMENTS, LLC, with the holding of over 1.17 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.76 million and represent 5.8316% of shares outstanding.
