In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Cutera Inc (NASDAQ: CUTR) was $0.57 for the day, down -8.28% from the previous closing price of $0.62. In other words, the price has decreased by -$8.28 from its previous closing price. On the day, 3.03 million shares were traded. CUTR stock price reached its highest trading level at $0.7477 during the session, while it also had its lowest trading level at $0.5191.
Ratios:
Our analysis of CUTR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.88.
On July 27, 2023, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $14 to $18.
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 May 15 ’24 when Karavitis Michael sold 27,815 shares for $2.67 per share. The transaction valued at 74,266 led to the insider holds 24,940 shares of the business.
Karavitis Michael sold 24,940 shares of CUTR for $64,595 on May 16 ’24. The EVP, Chief Technology Officer now owns 0 shares after completing the transaction at $2.59 per share. On May 14 ’24, another insider, Karavitis Michael, who serves as the EVP, Chief Technology Officer of the company, sold 10,848 shares for $2.45 each. As a result, the insider received 26,578 and left with 52,755 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, CUTR now has a Market Capitalization of 11475684 and an Enterprise Value of 386048544. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 2.487 whereas that against EBITDA is -3.114.
Stock Price History:
Over the past 52 weeks, CUTR has reached a high of $4.97, while it has fallen to a 52-week low of $0.28. The 50-Day Moving Average of the stock is 34.59%, while the 200-Day Moving Average is calculated to be -51.48%.
Shares Statistics:
CUTR traded an average of 675.37K shares per day over the past three months and 2525810 shares per day over the past ten days. A total of 20.18M shares are outstanding, with a floating share count of 19.70M. Insiders hold about 2.39% of the company’s shares, while institutions hold 33.08% stake in the company. Shares short for CUTR as of 1734048000 were 4084024 with a Short Ratio of 6.05, compared to 1731628800 on 4038027. Therefore, it implies a Short% of Shares Outstanding of 4084024 and a Short% of Float of 20.32.
