CorMedix Inc (NASDAQ: CRMD)’s stock price has increased by 2.84 compared to its previous closing price of 5.10. However, the company has seen a 9.04% increase in its stock price over the last five trading sessions. zacks.com reported 2024-08-20 that The mean of analysts’ price targets for CorMedix (CRMD) points to a 142.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Is It Worth Investing in CorMedix Inc (NASDAQ: CRMD) Right Now?
The stock has a 36-month beta value of 1.56. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CRMD is 54.83M, and at present, short sellers hold a 18.60% of that float. On August 23, 2024, the average trading volume of CRMD was 541.14K shares.
CRMD’s Market Performance
The stock of CorMedix Inc (CRMD) has seen a 9.04% increase in the past week, with a 11.36% rise in the past month, and a 2.64% gain in the past quarter. The volatility ratio for the week is 7.40%, and the volatility levels for the past 30 days are at 7.71% for CRMD. The simple moving average for the past 20 days is 17.73% for CRMD’s stock, with a 25.42% simple moving average for the past 200 days.
Analysts’ Opinion of CRMD
Many brokerage firms have already submitted their reports for CRMD stocks, with RBC Capital Mkts repeating the rating for CRMD by listing it as a “Outperform.” The predicted price for CRMD in the upcoming period, according to RBC Capital Mkts is $6 based on the research report published on August 10, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see CRMD reach a price target of $31. The rating they have provided for CRMD stocks is “Buy” according to the report published on February 17th, 2021.
JMP Securities gave a rating of “Mkt Outperform” to CRMD, setting the target price at $22 in the report published on September 29th of the previous year.
CRMD Trading at 16.58% from the 50-Day Moving Average
After a stumble in the market that brought CRMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.07% of loss for the given period.
Volatility was left at 7.71%, however, over the last 30 days, the volatility rate increased by 7.40%, as shares surge +15.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.11% upper at present.
During the last 5 trading sessions, CRMD rose by +9.04%, which changed the moving average for the period of 200-days by +52.03% in comparison to the 20-day moving average, which settled at $4.49. In addition, CorMedix Inc saw 39.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRMD starting from Todisco Joseph, who purchase 13,561 shares at the price of $3.74 back on Mar 13 ’24. After this action, Todisco Joseph now owns 352,839 shares of CorMedix Inc, valued at $50,718 using the latest closing price.
DUNTON ALAN W, the Director of CorMedix Inc, purchase 3,000 shares at $3.45 during a trade that took place back on Dec 14 ’23, which means that DUNTON ALAN W is holding 12,250 shares at $10,350 based on the most recent closing price.
Stock Fundamentals for CRMD
Current profitability levels for the company are sitting at:
- -52.37 for the present operating margin
- -0.29 for the gross margin
The net margin for CorMedix Inc stands at -47.84. The total capital return value is set at -1.25. Equity return is now at value -111.55, with -92.57 for asset returns.
Based on CorMedix Inc (CRMD), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 9.43. The interest coverage ratio of the stock is 8.91.
Currently, EBITDA for the company is -48.75 million with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 238.72. The receivables turnover for the company is 1.57for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.79.
Conclusion
To sum up, CorMedix Inc (CRMD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
