In the last trading session, 2.13 million shares of the Nevro Corp (NYSE:NVRO) were traded, and its beta was 0.97. Most recently the company’s share price was $5.72, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $216.54M. NVRO currently trades at a discount to its 52-week high of $17.75, offering almost -210.31% off that amount. The share price’s 52-week low was $3.16, which indicates that the current value has risen by an impressive 44.76% since then. We note from Nevro Corp’s average daily trading volume that its 10-day average is 2.08 million shares, with the 3-month average coming to 843.75K.
Nevro Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.13. If we narrow it down even further, the data shows that 2 out of 18 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 13 recommended NVRO as a Hold, whereas 0 deemed it a Buy, and 3 rated it as Underweight. Nevro Corp is expected to report earnings per share of -0.75 for the current quarter.
Nevro Corp (NYSE:NVRO) trade information
The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.80 on recent trading dayincreased the stock’s daily price by 1.38%. The company’s shares are currently up 53.76% year-to-date, but still up 11.50% over the last five days. On the other hand, Nevro Corp (NYSE:NVRO) is 73.86% up in the 30-day period. We can see from the shorts that 2.93 million shares have been sold at a short interest cover period of 4.98 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to decrease their stock price by -27.11% from its current value. Analyst projections state that NVRO is forecast to be at a low of $4 and a high of $5.
Nevro Corp (NVRO) estimates and forecasts
The year-over-year growth rate is expected to be -4.68%, down from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 102.43M in revenue for the current quarter. 11 analysts expect Nevro Corp to make 93.55M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 116.18M and 101.9M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.83%. Forecasts for the next quarter put sales growth at -8.19%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.37%. Nevro Corp earnings are expected to increase by 4.68% in 2025, but the outlook is positive 5.85% per year for the next five years.
Nevro Corp (NYSE:NVRO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.83% of Nevro Corp shares, and 101.93% of them are in the hands of institutional investors. The stock currently has a share float of 105.98%. Nevro Corp stock is held by 189.0 institutions, with ARROWMARK COLORADO HOLDINGS LLC being the largest institutional investor. By 2024-06-30, it held 11.7615% of the shares, which is about 4.29 million shares worth $36.11 million.
ARMISTICE CAPITAL, LLC, with 10.0693% or 3.67 million shares worth $30.92 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
