For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of CorMedix Inc (NASDAQ: CRMD) closed at $12.30 in the last session, down -1.52% from day before closing price of $12.49. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 0.83 million shares were traded. CRMD stock price reached its highest trading level at $12.569 during the session, while it also had its lowest trading level at $12.12.
Ratios:
We take a closer look at CRMD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 3.96. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, D. Boral Capital on January 13, 2025, initiated with a Buy rating and assigned the stock a target price of $15.
On August 26, 2024, Rodman & Renshaw started tracking the stock assigning a Buy rating and target price of $13.
On August 10, 2023, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $6.RBC Capital Mkts initiated its Outperform rating on August 10, 2023, with a $6 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 31 ’24 when Mistry Erin bought 1,500 shares for $9.99 per share. The transaction valued at 14,985 led to the insider holds 52,011 shares of the business.
Hurlburt Elizabeth sold 140,027 shares of CRMD for $1,565,670 on Nov 14 ’24. The EVP now owns 45,397 shares after completing the transaction at $11.18 per share. On Nov 14 ’24, another insider, Hurlburt Elizabeth, who serves as the Officer of the company, bought 140,027 shares for $11.12 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRMD now has a Market Capitalization of 746329600 and an Enterprise Value of 700856512. For the stock, the TTM Price-to-Sale (P/S) ratio is 60.88 while its Price-to-Book (P/B) ratio in mrq is 12.13. Its current Enterprise Value per Revenue stands at 57.156 whereas that against EBITDA is -13.806.
Stock Price History:
The Beta on a monthly basis for CRMD is 1.60, which has changed by 2.7962964 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, CRMD has reached a high of $13.85, while it has fallen to a 52-week low of $2.89. The 50-Day Moving Average of the stock is 23.56%, while the 200-Day Moving Average is calculated to be 72.11%.
Shares Statistics:
According to the various share statistics, CRMD traded on average about 1.30M shares per day over the past 3-months and 1907120 shares per day over the past 10 days. A total of 60.68M shares are outstanding, with a floating share count of 59.37M. Insiders hold about 2.16% of the company’s shares, while institutions hold 31.47% stake in the company. Shares short for CRMD as of 1735603200 were 7002343 with a Short Ratio of 5.37, compared to 1732838400 on 6891533. Therefore, it implies a Short% of Shares Outstanding of 7002343 and a Short% of Float of 11.55.
