The stock of Cutera Inc (CUTR) has seen a 21.70% increase in the past week, with a 83.33% gain in the past month, and a 19.67% flourish in the past quarter. The volatility ratio for the week is 11.52%, and the volatility levels for the past 30 days are at 16.57% for CUTR. The simple moving average for the past 20 days is 34.87% for CUTR’s stock, with a -43.67% simple moving average for the past 200 days.
Is It Worth Investing in Cutera Inc (NASDAQ: CUTR) Right Now?
Moreover, the 36-month beta value for CUTR is 1.46. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CUTR is 18.95M and currently, short sellers hold a 42.33% of that float. On May 07, 2024, CUTR’s average trading volume was 1.04M shares.
CUTR) stock’s latest price update
Cutera Inc (NASDAQ: CUTR)’s stock price has soared by 13.04 in relation to previous closing price of 2.53. Nevertheless, the company has seen a gain of 21.70% in its stock price over the last five trading days. Invezz reported 2024-03-27 that Short sellers in Lumimar Technologies (LAZR), Sunnova Energy (NOVA), and Cutera (CUTR) are thriving as their stocks have plunged. Luminar’s shares have plunged by almost 50% this year and by more than 96% from its all-time high.
Analysts’ Opinion of CUTR
Piper Sandler, on the other hand, stated in their research note that they expect to see CUTR reach a price target of $18, previously predicting the price at $14. The rating they have provided for CUTR stocks is “Neutral” according to the report published on July 27th, 2023.
CUTR Trading at 43.36% from the 50-Day Moving Average
After a stumble in the market that brought CUTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.68% of loss for the given period.
Volatility was left at 16.57%, however, over the last 30 days, the volatility rate increased by 11.52%, as shares surge +86.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.42% upper at present.
During the last 5 trading sessions, CUTR rose by +21.70%, which changed the moving average for the period of 200-days by -82.27% in comparison to the 20-day moving average, which settled at $2.19. In addition, Cutera Inc saw -18.87% 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 CUTR starting from Harris Taylor C., who purchase 30,000 shares at the price of $9.91 back on Aug 29 ’23. After this action, Harris Taylor C. now owns 279,336 shares of Cutera Inc, valued at $297,300 using the latest closing price.
Drummond Stuart, the Interim CFO of Cutera Inc, purchase 5,000 shares at $9.80 during a trade that took place back on Aug 29 ’23, which means that Drummond Stuart is holding 19,678 shares at $49,000 based on the most recent closing price.
Stock Fundamentals for CUTR
Current profitability levels for the company are sitting at:
- -0.65 for the present operating margin
- 0.3 for the gross margin
The net margin for Cutera Inc stands at -0.69. The total capital return value is set at -0.51. Equity return is now at value -17084.48, with -34.43 for asset returns.
Based on Cutera Inc (CUTR), the company’s capital structure generated 1.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.33. The debt to equity ratio resting at -2.63. The interest coverage ratio of the stock is -10.72.
Currently, EBITDA for the company is -125.61 million with net debt to EBITDA at -2.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. The receivables turnover for the company is 4.89for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.17.
Conclusion
To wrap up, the performance of Cutera Inc (CUTR) has been mixed 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.
