Analytical Lens: Exploring Nevro Corp (NVRO)’s Financial Story Through Ratios

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

The closing price of Nevro Corp (NYSE: NVRO) was $10.16 for the day, down -11.88% from the previous closing price of $11.53. In other words, the price has decreased by -$11.88 from its previous closing price. On the day, 1.11 million shares were traded. NVRO stock price reached its highest trading level at $11.69 during the session, while it also had its lowest trading level at $10.065.


Our analysis of NVRO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.57 and its Current Ratio is at 7.38. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.78.

On January 12, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $23 to $20.

Canaccord Genuity Downgraded its Buy to Hold on December 21, 2023, while the target price for the stock was maintained at $23.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 07 ’23 when McCormick Shawn bought 7,500 shares for $22.88 per share. The transaction valued at 171,633 led to the insider holds 26,866 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVRO now has a Market Capitalization of 372683008 and an Enterprise Value of 359415136. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 0.834 whereas that against EBITDA is -4.081.

Stock Price History:

Over the past 52 weeks, NVRO has reached a high of $28.89, while it has fallen to a 52-week low of $10.27. The 50-Day Moving Average of the stock is -23.17%, while the 200-Day Moving Average is calculated to be -41.36%.

Shares Statistics:

NVRO traded an average of 488.70K shares per day over the past three months and 674190 shares per day over the past ten days. A total of 36.36M shares are outstanding, with a floating share count of 34.63M. Insiders hold about 4.87% of the company’s shares, while institutions hold 105.20% stake in the company. Shares short for NVRO as of 1713139200 were 4170802 with a Short Ratio of 8.53, compared to 1710460800 on 4191036. Therefore, it implies a Short% of Shares Outstanding of 4170802 and a Short% of Float of 13.139999999999999.

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