Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
Cutera Inc (NASDAQ: CUTR) closed the day trading at $2.34 down -6.77% from the previous closing price of $2.51. In other words, the price has decreased by -$6.77 from its previous closing price. On the day, 0.52 million shares were traded. CUTR stock price reached its highest trading level at $2.545 during the session, while it also had its lowest trading level at $2.33.
Ratios:
For a better understanding of CUTR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.44 and its Current Ratio is at 3.17.
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:
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 46707804 and an Enterprise Value of 337803584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22. Its current Enterprise Value per Revenue stands at 1.591 whereas that against EBITDA is -2.524.
Stock Price History:
The Beta on a monthly basis for CUTR is 1.46, which has changed by -0.8224894 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, CUTR has reached a high of $21.41, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is 16.70%, while the 200-Day Moving Average is calculated to be -52.04%.
Shares Statistics:
Over the past 3-months, CUTR traded about 1.04M shares per day on average, while over the past 10 days, CUTR traded about 677540 shares per day. A total of 19.96M shares are outstanding, with a floating share count of 18.95M. Insiders hold about 5.09% of the company’s shares, while institutions hold 86.73% stake in the company. Shares short for CUTR as of 1713139200 were 8020787 with a Short Ratio of 7.71, compared to 1710460800 on 7650234. Therefore, it implies a Short% of Shares Outstanding of 8020787 and a Short% of Float of 51.64.
Earnings Estimates
The current rating of Cutera Inc (CUTR) is the result of assessments by 3.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of -$1.0 for the current quarter, with a high estimate of -$0.88 and a low estimate of -$1.09, while EPS last year was -$0.8. The consensus estimate for the next quarter is -$0.87, with high estimates of -$0.8 and low estimates of -$0.93.
Analysts are recommending an EPS of between -$3.05 and -$4.76 for the fiscal current year, implying an average EPS of -$3.88. EPS for the following year is -$2.93, with 3.0 analysts recommending between -$2.33 and -$3.79.
Revenue Estimates
5 analysts predict $37.32M in revenue for the current quarter. It ranges from a high estimate of $39.92M to a low estimate of $33.9M. As of the current estimate, Cutera Inc’s year-ago sales were $54.99MFor the next quarter, 5 analysts are estimating revenue of $39.53M. There is a high estimate of $41.72M for the next quarter, whereas the lowest estimate is $38.1M.
A total of 5 analysts have provided revenue estimates for CUTR’s current fiscal year. The highest revenue estimate was $164.28M, while the lowest revenue estimate was $159.94M, resulting in an average revenue estimate of $162.87M. In the same quarter a year ago, actual revenue was $212.37MBased on 5 analysts’ estimates, the company’s revenue will be $176.88M in the next fiscal year. The high estimate is $183M and the low estimate is $166.3M.
