Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $7.78 in the prior trading day, CVRx Inc (NASDAQ: CVRX) closed at $4.77, down -38.69%. In other words, the price has decreased by -$38.69 from its previous closing price. On the day, 1.86 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CVRX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.45 and its Current Ratio is at 14.83. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.72.
On September 10, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $14.Cantor Fitzgerald initiated its Overweight rating on September 10, 2024, with a $14 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 29 ’24 when Behbahani Ali bought 21,837 shares for $15.30 per share.
VERRASTRO PAUL sold 1,430 shares of CVRX for $19,417 on Nov 19 ’24. The CHIEF MKTG & STRAT OFFICER now owns 1,875 shares after completing the transaction at $13.58 per share. On Nov 19 ’24, another insider, PAUL VERRASTRO, who serves as the Officer of the company, bought 1,430 shares for $13.58 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35 while its Price-to-Book (P/B) ratio in mrq is 1.79.
Stock Price History:
Over the past 52 weeks, CVRX has reached a high of $18.55, while it has fallen to a 52-week low of $5.81. The 50-Day Moving Average of the stock is -50.55%, while the 200-Day Moving Average is calculated to be -57.99%.
Shares Statistics:
A total of 26.05M shares are outstanding, with a floating share count of 15.70M. Insiders hold about 39.75% of the company’s shares, while institutions hold 36.35% stake in the company.
