After finishing at $2.03 in the prior trading day, Cutera Inc (NASDAQ: CUTR) closed at $1.98, down -2.46%. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 1006984 shares were traded. CUTR stock price reached its highest trading level at $2.1200 during the session, while it also had its lowest trading level at $1.9500.
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Ratios:
Our goal is to gain a better understanding of CUTR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 3.37.
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 the company, Piper Sandler on July 27, 2023, Upgraded its rating to Neutral and sets its target price to $18 from $14 previously.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 29 ’23 when Harris Taylor C. bought 30,000 shares for $9.91 per share. The transaction valued at 297,300 led to the insider holds 279,336 shares of the business.
Drummond Stuart bought 5,000 shares of CUTR for $49,000 on Aug 29 ’23. The Interim CFO now owns 19,678 shares after completing the transaction at $9.80 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CUTR now has a Market Capitalization of 39.32M and an Enterprise Value of 289.91M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17. Its current Enterprise Value per Revenue stands at 1.26 whereas that against EBITDA is -3.06.
Stock Price History:
Over the past 52 weeks, CUTR has reached a high of $32.16, while it has fallen to a 52-week low of $1.38. The 50-Day Moving Average of the stock is 2.8704, while the 200-Day Moving Average is calculated to be 7.8495.
Shares Statistics:
The stock has traded on average 1.79M shares per day over the past 3-months and 1.09M shares per day over the last 10 days, according to various share statistics. A total of 19.67M shares are outstanding, with a floating share count of 19.02M. Insiders hold about 4.70% of the company’s shares, while institutions hold 91.31% stake in the company. Shares short for CUTR as of Feb 15, 2024 were 7.09M with a Short Ratio of 3.95, compared to 6.17M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 35.41% and a Short% of Float of 45.48%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.91 for the current quarter, with a high estimate of -$0.79 and a low estimate of -$1.01, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.84, with high estimates of -$0.65 and low estimates of -$1.07.
Analysts are recommending an EPS of between -$3.1 and -$3.55 for the fiscal current year, implying an average EPS of -$3.3. EPS for the following year is -$3.23, with 4 analysts recommending between -$2.72 and -$4.33.
Revenue Estimates
5 analysts predict $46.33M in revenue for the current quarter. It ranges from a high estimate of $55.7M to a low estimate of $41.8M. As of the current estimate, Cutera Inc’s year-ago sales were $67.35M, an estimated decrease of -31.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $45.93M, a decrease of -16.50% over than the figure of -$31.20% in the same quarter last year. There is a high estimate of $60.1M for the next quarter, whereas the lowest estimate is $38.8M.
A total of 5 analysts have provided revenue estimates for CUTR’s current fiscal year. The highest revenue estimate was $224.9M, while the lowest revenue estimate was $204.6M, resulting in an average revenue estimate of $210.37M. In the same quarter a year ago, actual revenue was $252.4M, down -16.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $190.62M in the next fiscal year. The high estimate is $248.2M and the low estimate is $156.2M. The average revenue growth estimate for next year is down -9.40% from the average revenue estimate for this year.
