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After finishing at $2.30 in the prior trading day, Cutera Inc (NASDAQ: CUTR) closed at $1.95, down -15.22%. In other words, the price has decreased by -$15.22 from its previous closing price. On the day, 1.1 million shares were traded. CUTR stock price reached its highest trading level at $2.36 during the session, while it also had its lowest trading level at $1.9.
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 2.44 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 38923172 and an Enterprise Value of 326627104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18. Its current Enterprise Value per Revenue stands at 1.538 whereas that against EBITDA is -2.44.
Stock Price History:
Over the past 52 weeks, CUTR has reached a high of $24.46, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is -8.06%, while the 200-Day Moving Average is calculated to be -66.35%.
Shares Statistics:
The stock has traded on average 1.16M shares per day over the past 3-months and 1185130 shares per day over the last 10 days, according to various share statistics. 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 86.85% stake in the company. Shares short for CUTR as of 1711584000 were 7749158 with a Short Ratio of 6.67, compared to 1709164800 on 7543519. Therefore, it implies a Short% of Shares Outstanding of 7749158 and a Short% of Float of 49.9.
Earnings Estimates
Cutera Inc (CUTR) is currently under the scrutiny of Charter Communications, Inc. analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $1.95, with high estimates of $20.10 and low estimates of $40.82.
