Nevro Corp (NYSE: NVRO)’s stock price has gone rise by 18.22 in comparison to its previous close of 5.16, however, the company has experienced a 7.58% increase in its stock price over the last five trading days. prnewswire.com reported 2024-08-14 that REDWOOD CITY, Calif., Aug. 14, 2024 /PRNewswire/ — Nevro Corp. (NYSE: NVRO), a global medical device company that is delivering comprehensive, life-changing solutions for the treatment of chronic pain, announced that on August 7, 2024, the Compensation Committee of the Company’s Board of Directors granted inducement restricted stock unit awards covering 10,199 shares of Nevro’s common stock to four new non-executive employees to induce them to accept employment with Nevro.
Is It Worth Investing in Nevro Corp (NYSE: NVRO) Right Now?
The 36-month beta value for NVRO is also noteworthy at 1.03. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NVRO is 35.19M, and at present, short sellers hold a 8.97% of that float. The average trading volume of NVRO on August 15, 2024 was 667.79K shares.
NVRO’s Market Performance
NVRO stock saw a decrease of 7.58% in the past week, with a monthly decline of -39.54% and a quarterly a decrease of -42.23%. The volatility ratio for the week is 10.75%, and the volatility levels for the last 30 days are 8.66% for Nevro Corp (NVRO). The simple moving average for the past 20 days is -25.76% for NVRO’s stock, with a -55.62% simple moving average for the past 200 days.
Analysts’ Opinion of NVRO
Wells Fargo gave a rating of “Underweight” to NVRO, setting the target price at $5.50 in the report published on August 07th of the current year.
NVRO Trading at -29.16% 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 -73.06% of loss for the given period.
Volatility was left at 8.66%, however, over the last 30 days, the volatility rate increased by 10.75%, as shares sank -37.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.89% lower at present.
During the last 5 trading sessions, NVRO rose by +4.59%, which changed the moving average for the period of 200-days by -58.93% in comparison to the 20-day moving average, which settled at $8.04. In addition, Nevro Corp saw -71.65% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NVRO
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.66 for the gross margin
The net margin for Nevro Corp stands at -0.18. The total capital return value is set at -0.19. Equity return is now at value -27.22, with -13.21 for asset returns.
Based on Nevro Corp (NVRO), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is -20.61.
Currently, EBITDA for the company is -87.77 million with net debt to EBITDA at -2.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 5.74for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.
Conclusion
In summary, Nevro Corp (NVRO) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
