The stock of Nevro Corp (NYSE: NVRO) has decreased by -7.11 when compared to last closing price of 12.51.Despite this, the company has seen a loss of -5.68% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-21 that Strength in Nevro’s (NVRO) Senza Platform raises optimism about the stock.
Is It Worth Investing in Nevro Corp (NYSE: NVRO) Right Now?
Moreover, the 36-month beta value for NVRO is 0.91. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NVRO is 34.60M and currently, short sellers hold a 12.05% of that float. On April 26, 2024, NVRO’s average trading volume was 458.40K shares.
NVRO’s Market Performance
The stock of Nevro Corp (NVRO) has seen a -5.68% decrease in the past week, with a -14.37% drop in the past month, and a -35.77% fall in the past quarter. The volatility ratio for the week is 5.36%, and the volatility levels for the past 30 days are at 5.03% for NVRO. The simple moving average for the past 20 days is -10.69% for NVRO’s stock, with a -35.16% simple moving average for the past 200 days.
Analysts’ Opinion of NVRO
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NVRO reach a price target of $20, previously predicting the price at $23. The rating they have provided for NVRO stocks is “Sector Perform” according to the report published on January 12th, 2024.
Canaccord Genuity gave a rating of “Hold” to NVRO, setting the target price at $23 in the report published on December 21st of the previous year.
NVRO Trading at -18.16% from the 50-Day Moving Average
After a stumble in the market that brought NVRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.67% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares sank -19.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.70% lower at present.
During the last 5 trading sessions, NVRO fell by -5.68%, which changed the moving average for the period of 200-days by -52.80% in comparison to the 20-day moving average, which settled at $12.87. In addition, Nevro Corp saw -46.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVRO starting from McCormick Shawn, who purchase 7,500 shares at the price of $22.88 back on Jun 07 ’23. After this action, McCormick Shawn now owns 26,866 shares of Nevro Corp, valued at $171,633 using the latest closing price.
Stock Fundamentals for NVRO
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.68 for the gross margin
The net margin for Nevro Corp stands at -0.22. The total capital return value is set at -0.18. Equity return is now at value -29.89, with -14.90 for asset returns.
Based on Nevro Corp (NVRO), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is -20.74.
Currently, EBITDA for the company is -87.77 million with net debt to EBITDA at -1.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 5.36for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.37.
Conclusion
To wrap up, the performance of Nevro Corp (NVRO) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
