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As of close of business last night, CorMedix Inc’s stock clocked out at $11.35, down -2.74% from its previous closing price of $11.67. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 0.94 million shares were traded. CRMD stock price reached its highest trading level at $12.05 during the session, while it also had its lowest trading level at $11.34.
Ratios:
To gain a deeper understanding of CRMD’s stock, we examine its different ratios. 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, Rodman & Renshaw on August 26, 2024, initiated with a Buy rating and assigned the stock a target price of $13.
On August 10, 2023, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $6.
On February 17, 2021, Needham started tracking the stock assigning a Buy rating and target price of $31.Needham initiated its Buy rating on February 17, 2021, with a $31 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 13 ’24 when Todisco Joseph bought 13,561 shares for $3.74 per share. The transaction valued at 50,718 led to the insider holds 352,839 shares of the business.
DUNTON ALAN W bought 3,000 shares of CRMD for $10,350 on Dec 14 ’23. The Director now owns 12,250 shares after completing the transaction at $3.45 per share. On Dec 15 ’23, another insider, DUNTON ALAN W, who serves as the Director of the company, bought 3,000 shares for $3.30 each. As a result, the insider paid 9,900 and bolstered with 15,250 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, CRMD now has a Market Capitalization of 706873472 and an Enterprise Value of 643213184. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.17 while its Price-to-Book (P/B) ratio in mrq is 11.19. Its current Enterprise Value per Revenue stands at 52.455 whereas that against EBITDA is -12.67.
Stock Price History:
Over the past 52 weeks, CRMD has reached a high of $13.85, while it has fallen to a 52-week low of $2.57. The 50-Day Moving Average of the stock is 21.72%, while the 200-Day Moving Average is calculated to be 97.50%.
Shares Statistics:
It appears that CRMD traded 1.17M shares on average per day over the past three months and 1383230 shares per day over the past ten days. A total of 60.68M shares are outstanding, with a floating share count of 59.76M. Insiders hold about 1.51% of the company’s shares, while institutions hold 31.31% stake in the company. Shares short for CRMD as of 1730332800 were 6284633 with a Short Ratio of 5.36, compared to 1727654400 on 9268532. Therefore, it implies a Short% of Shares Outstanding of 6284633 and a Short% of Float of 10.37.
