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In the latest session, CVRx Inc (NASDAQ: CVRX) closed at $9.22 up 8.73% from its previous closing price of $8.48. In other words, the price has increased by $8.73 from its previous closing price. On the day, 0.55 million shares were traded. CVRX stock price reached its highest trading level at $9.49 during the session, while it also had its lowest trading level at $8.53.
Ratios:
For a deeper understanding of CVRx Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.87 and its Current Ratio is at 12.18. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.46.
JP Morgan Downgraded its Overweight to Neutral on May 01, 2024, whereas the target price for the stock was revised from $36 to $13.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 20 ’24 when VERRASTRO PAUL sold 2,545 shares for $21.91 per share. The transaction valued at 55,748 led to the insider holds 2,455 shares of the business.
JOHNSON & JOHNSON sold 3,725 shares of CVRX for $96,142 on Feb 16 ’24. The 10% Owner now owns 4,099,575 shares after completing the transaction at $25.81 per share. On Aug 03 ’23, another insider, VERRASTRO PAUL, who serves as the CHIEF MKTG & STRAT OFFICER of the company, sold 628 shares for $18.55 each. As a result, the insider received 11,652 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CVRX now has a Market Capitalization of 199110512 and an Enterprise Value of 149336048. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.73 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 3.548 whereas that against EBITDA is -2.836.
Stock Price History:
The Beta on a monthly basis for CVRX is 1.29, which has changed by -0.30944628 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, CVRX has reached a high of $33.13, while it has fallen to a 52-week low of $7.77. The 50-Day Moving Average of the stock is -49.31%, while the 200-Day Moving Average is calculated to be -52.42%.
Shares Statistics:
For the past three months, CVRX has traded an average of 161.81K shares per day and 351540 over the past ten days. A total of 20.88M shares are outstanding, with a floating share count of 9.61M. Insiders hold about 55.51% of the company’s shares, while institutions hold 27.83% stake in the company. Shares short for CVRX as of 1713139200 were 786469 with a Short Ratio of 4.86, compared to 1710460800 on 781325. Therefore, it implies a Short% of Shares Outstanding of 786469 and a Short% of Float of 5.9799999999999995.
Earnings Estimates
The stock of CVRx Inc (CVRX) is currently drawing attention from 6.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of -$0.54 for the current quarter, with a high estimate of -$0.35 and a low estimate of -$0.63, while EPS last year was -$0.56. The consensus estimate for the next quarter is -$0.47, with high estimates of -$0.34 and low estimates of -$0.54.
Analysts are recommending an EPS of between -$1.99 and -$2.63 for the fiscal current year, implying an average EPS of -$2.4. EPS for the following year is -$1.87, with 6.0 analysts recommending between -$0.98 and -$2.6.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $11.78M this quarter.It ranges from a high estimate of $12M to a low estimate of $11.3M. As of the current estimate, CVRx Inc’s year-ago sales were $9.5MFor the next quarter, 6 analysts are estimating revenue of $13.5M. There is a high estimate of $14M for the next quarter, whereas the lowest estimate is $13.2M.
A total of 6 analysts have provided revenue estimates for CVRX’s current fiscal year. The highest revenue estimate was $51.83M, while the lowest revenue estimate was $50M, resulting in an average revenue estimate of $50.8M. In the same quarter a year ago, actual revenue was $39.3MBased on 6 analysts’ estimates, the company’s revenue will be $67.71M in the next fiscal year. The high estimate is $73.37M and the low estimate is $64M.
