The stock price of CVRx Inc (NASDAQ: CVRX) has dropped by -13.56 compared to previous close of 9.22. Despite this, the company has seen a fall of -47.84% in its stock price over the last five trading days. InvestorPlace reported 2024-05-01 that CVRx (NASDAQ: CVRX ) stock is falling hard on Wednesday after posting results from its earnings report for the first quarter of 2024. The bad news for investors in CVRX stock starts with its earnings per share of 0$1.04.
Is It Worth Investing in CVRx Inc (NASDAQ: CVRX) Right Now?
Additionally, the 36-month beta value for CVRX is 1.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CVRX is 9.61M and currently, short sellers hold a 8.18% ratio of that float. The average trading volume of CVRX on May 07, 2024 was 168.00K shares.
CVRX’s Market Performance
The stock of CVRx Inc (CVRX) has seen a -47.84% decrease in the past week, with a -54.92% drop in the past month, and a -67.72% fall in the past quarter. The volatility ratio for the week is 19.65%, and the volatility levels for the past 30 days are at 8.98% for CVRX. The simple moving average for the past 20 days is -47.05% for CVRX’s stock, with a -58.79% simple moving average for the past 200 days.
Analysts’ Opinion of CVRX
Many brokerage firms have already submitted their reports for CVRX stocks, with Craig Hallum repeating the rating for CVRX by listing it as a “Buy.” The predicted price for CVRX in the upcoming period, according to Craig Hallum is $23 based on the research report published on May 01, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to CVRX, setting the target price at $13 in the report published on May 01st of the current year.
CVRX Trading at -55.55% from the 50-Day Moving Average
After a stumble in the market that brought CVRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.95% of loss for the given period.
Volatility was left at 8.98%, however, over the last 30 days, the volatility rate increased by 19.65%, as shares sank -57.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -64.12% lower at present.
During the last 5 trading sessions, CVRX fell by -47.84%, which changed the moving average for the period of 200-days by -52.25% in comparison to the 20-day moving average, which settled at $14.52. In addition, CVRx Inc saw -74.65% 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 CVRX starting from VERRASTRO PAUL, who sale 2,545 shares at the price of $21.91 back on Feb 20 ’24. After this action, VERRASTRO PAUL now owns 2,455 shares of CVRx Inc, valued at $55,748 using the latest closing price.
JOHNSON & JOHNSON, the 10% Owner of CVRx Inc, sale 3,725 shares at $25.81 during a trade that took place back on Feb 16 ’24, which means that JOHNSON & JOHNSON is holding 4,099,575 shares at $96,142 based on the most recent closing price.
Stock Fundamentals for CVRX
Current profitability levels for the company are sitting at:
- -1.26 for the present operating margin
- 0.84 for the gross margin
The net margin for CVRx Inc stands at -1.24. The total capital return value is set at -0.54. Equity return is now at value -62.70, with -45.45 for asset returns.
Based on CVRx Inc (CVRX), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -0.98. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is -34.11.
Currently, EBITDA for the company is -43.1 million with net debt to EBITDA at 0.99. When we switch over and look at the enterprise to sales, we see a ratio of 2.91. The receivables turnover for the company is 4.95for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.18.
Conclusion
In conclusion, CVRx Inc (CVRX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
