Cutera Inc (NASDAQ:CUTR) has a beta value of 1.35 and has seen 0.21 million shares traded in the last trading session. The company, currently valued at $9.71M, closed the last trade at $0.48 per share which meant it gained $0.06 on the day or 14.88% during that session. The CUTR stock price is -537.5% off its 52-week high price of $3.06 and 41.67% 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 0.18 million shares traded. The 3-month trading volume is 722.26K 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 14.88% in the green in last session, 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 $0.48 or saw a rise of 2.72%. Year-to-date, Cutera Inc shares have moved 36.27%, while the 5-day performance has seen it change 9.62%. Over the past 30 days, the shares of Cutera Inc (NASDAQ:CUTR) have changed 18.71%. Short interest in the company has seen 3.99 million shares shorted with days to cover at 2.63.
Wall Street analysts have a consensus price target for the stock at $44, which means that the shares’ value could jump 98.91% from current levels. The projected low price target is $1.0 while the price target rests at a high of $68.0. In that case, then, we find that the current price level is -14066.67% off the targeted high while a plunge would see the stock gain -108.33% from current levels.
Cutera Inc (CUTR) estimates and forecasts
The company’s shares have lost -32.91% over the past 6 months. 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 27.03%.
CUTR Dividends
Cutera Inc is expected to release its next earnings report in March 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 33.32% with a share float percentage of 33.99%. Investors are also buoyed by the number of investors in a company, with Cutera Inc having a total of 65.0 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 6.6287% 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 5.8026% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and EQ Advisors Trust-1290 VT Gamco Small Company Value Port. As of Sep 30, 2024 , the former fund manager holds about 2.94% shares in the company for having 594.16 shares of worth $0.29 million while later fund manager owns 319.0 shares of worth $0.15 million as of Sep 30, 2024 , which makes it owner of about 1.58% of company’s outstanding stock.
