Now Is The Time To Build A Position In Cutera Inc (NASDAQ:CUTR)

Cutera Inc (NASDAQ:CUTR)’s traded shares stood at 0.55 million during the last session, with the company’s beta value hitting 1.30. At the close of trading, the stock’s price was $0.48, to imply an increase of 19.16% or $0.08 in intraday trading. The CUTR share’s 52-week high remains $3.73, putting it -677.08% down since that peak but still an impressive 41.67% since price per share fell to its 52-week low of $0.28. The company has a valuation of $9.63M, with an average of 2.9 million shares in intraday trading volume over the past 10 days and average of 771.61K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Cutera Inc (CUTR), translating to a mean rating of 2.33. Of 4 analyst(s) looking at the stock, 0 analyst(s) give CUTR a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 2 recommend it as a Buy.

Cutera Inc (NASDAQ:CUTR) trade information

After registering a 19.16% upside in the last session, Cutera Inc (CUTR) has traded red over the past five days. The 5-day price performance for the stock is 3.70%, and 34.67% over 30 days. With these gigs, the year-to-date price performance is 35.17%. Short interest in Cutera Inc (NASDAQ:CUTR) saw shorts transact 4.26 million shares and set a 14.57 days time to cover.

The extremes give us $1 and $1 for target low and target high price respectively. As such, CUTR has been trading -108.33% off suggested target high and -108.33% from its likely low.

Cutera Inc (CUTR) estimates and forecasts

Looking at statistics comparing Cutera Inc share performance against respective industry, we note that the company has outperformed competitors. Cutera Inc (CUTR) shares are -69.23% down over the last 6 months, with its year-to-date growth rate higher than industry average at -9.15% against -17.50%.

CUTR Dividends

Cutera Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Cutera Inc (NASDAQ:CUTR)’s Major holders

Cutera Inc insiders hold 1.98% of total outstanding shares, with institutional holders owning 37.21% of the shares at 37.96% float percentage. In total, 37.21% institutions holds shares in the company, led by RTW INVESTMENTS, LP. As of 2024-06-30, the company held over 1.33 million shares (or 6.6619% of shares), all amounting to roughly $2.01 million.

The next major institution holding the largest number of shares is PURA VIDA INVESTMENTS, LLC with 1.17 million shares, or about 5.8316% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.76 million.

We also have Vanguard Total Stock Market Index Fund and EQ Advisors Trust-1290 VT Gamco Small Company Value Port as the top two Mutual Funds with the largest holdings of the Cutera Inc (CUTR) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 594.16 shares. This is just over 2.94% of the total shares, with a market valuation of $0.28 million. Data from the same date shows that the other fund manager holds a little less at 319.0, or 1.58% of the shares, all valued at about 0.15 million.