CVRx Inc (NASDAQ:CVRX) has a beta value of 1.25 and has seen 0.29 million shares traded in the last trading session. The company, currently valued at $366.08M, closed the last trade at $15.09 per share which meant it gained $0.6 on the day or 4.14% during that session. The CVRX stock price is -56.33% off its 52-week high price of $23.59 and 57.59% above the 52-week low of $6.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.25 million shares traded. The 3-month trading volume is 216.65K shares.
The consensus among analysts is that CVRx Inc (CVRX) is Buy stock at the moment, with a recommendation rating of 1.29. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.54.
CVRx Inc (NASDAQ:CVRX) trade information
Sporting 4.14% 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 CVRX stock price touched $15.09 or saw a rise of 2.08%. Year-to-date, CVRx Inc shares have moved 19.10%, while the 5-day performance has seen it change 3.07%. Over the past 30 days, the shares of CVRx Inc (NASDAQ:CVRX) have changed -11.24%. Short interest in the company has seen 1.84 million shares shorted with days to cover at 7.09.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could drop -0.6% from current levels. The projected low price target is $14.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -6.03% off the targeted high while a plunge would see the stock lose 7.22% from current levels.
CVRx Inc (CVRX) estimates and forecasts
Figures show that CVRx Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 89.34% over the past 6 months, with this year growth rate of 27.92%, compared to 15.40% for the industry. Revenue growth from the last financial year stood is estimated to be 24.84%.
7 analysts offering their estimates for the company have set an average revenue estimate of 14.68M for the current quarter. 7 have an estimated revenue figure of 15.3M for the next ending quarter. Year-ago sales stood 10.77M and 11.81M respectively for this quarter and the next, and analysts expect sales will grow by 36.28% for the current quarter and 24.84% 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 -28.44% over the past 5 years. Earnings growth for 2025 is a modest 24.57% while over the next 5 years, the company’s earnings are expected to increase by 16.61%.
CVRX Dividends
CVRx 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.
CVRx Inc (NASDAQ:CVRX)’s Major holders
Insiders own 4.21% of the company shares, while shares held by institutions stand at 72.31% with a share float percentage of 75.49%. Investors are also buoyed by the number of investors in a company, with CVRx Inc having a total of 130.0 institutions that hold shares in the company. The top two institutional holders are JOHNSON & JOHNSON with over 4.1 million shares worth more than $49.2 million. As of 2024-06-30, JOHNSON & JOHNSON held 19.3266% of shares outstanding.
The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 2.37 million shares as of 2024-06-30. The firm’s total holdings are worth over $28.42 million and represent 11.1649% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024, the former fund manager holds about 2.24% shares in the company for having 544.35 shares of worth $8.21 million while later fund manager owns 366.99 shares of worth $5.54 million as of Nov 30, 2024, which makes it owner of about 1.51% of company’s outstanding stock.
