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CorMedix Inc (NASDAQ: CRMD) closed the day trading at $9.18 down -1.82% from the previous closing price of $9.35. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.86 million shares were traded. CRMD stock price reached its highest trading level at $9.52 during the session, while it also had its lowest trading level at $9.04.
Ratios:
For a better understanding of CRMD, let’s look at 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:
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 Nov 14 ’24 when Hurlburt Elizabeth sold 140,027 shares for $11.18 per share. The transaction valued at 1,565,670 led to the insider holds 45,397 shares of the business.
Hurlburt Elizabeth bought 140,027 shares of CRMD for $1,556,416 on Nov 14 ’24. On Mar 13 ’24, another insider, Todisco Joseph, who serves as the Chief Executive Officer of the company, bought 13,561 shares for $3.74 each. As a result, the insider paid 50,718 and bolstered with 352,839 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 567332288 and an Enterprise Value of 511543616. For the stock, the TTM Price-to-Sale (P/S) ratio is 45.43 while its Price-to-Book (P/B) ratio in mrq is 9.05. Its current Enterprise Value per Revenue stands at 41.717 whereas that against EBITDA is -10.076.
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 $2.89. The 50-Day Moving Average of the stock is -11.81%, while the 200-Day Moving Average is calculated to be 44.14%.
Shares Statistics:
Over the past 3-months, CRMD traded about 1.18M shares per day on average, while over the past 10 days, CRMD traded about 726240 shares per day. 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 31.41% stake in the company. Shares short for CRMD as of 1732838400 were 6891533 with a Short Ratio of 5.78, compared to 1730332800 on 6284633. Therefore, it implies a Short% of Shares Outstanding of 6891533 and a Short% of Float of 11.37.
