The stock price of Catheter Precision Inc. (AMEX: VTAK) has jumped by 4.60 compared to previous close of 0.44. Despite this, the company has seen a gain of 15.74% in its stock price over the last five trading days. accesswire.com reported 2024-09-18 that FORT MILL, SC / ACCESSWIRE / September 18, 2024 / Catheter Precision, Inc. (the”Company”) (NYSE American:VTAK), a US based medical device pioneering electrophysiology products, announced that it has completed a distribution agreement for LockeT with Dubai based company Forum Medical. The distribution agreement also includes partnerships with additional distributors in the Middle East, expanding LockeT distribution to Georgia, Uzbekistan and Kazakhstan.
Is It Worth Investing in Catheter Precision Inc. (AMEX: VTAK) Right Now?
Moreover, the 36-month beta value for VTAK is -0.35. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VTAK is 1.19M and currently, short sellers hold a 14.53% of that float. On September 18, 2024, VTAK’s average trading volume was 162.50K shares.
VTAK’s Market Performance
The stock of Catheter Precision Inc. (VTAK) has seen a 15.74% increase in the past week, with a -79.24% drop in the past month, and a -91.09% fall in the past quarter. The volatility ratio for the week is 12.41%, and the volatility levels for the past 30 days are at 29.26% for VTAK. The simple moving average for the past 20 days is -53.51% for VTAK’s stock, with a -88.83% simple moving average for the past 200 days.
Analysts’ Opinion of VTAK
Many brokerage firms have already submitted their reports for VTAK stocks, with Piper Jaffray repeating the rating for VTAK by listing it as a “Neutral.” The predicted price for VTAK in the upcoming period, according to Piper Jaffray is $1.50 based on the research report published on August 13, 2019 of the previous year 2019.
Maxim Group, on the other hand, stated in their research note that they expect to see VTAK reach a price target of $23. The rating they have provided for VTAK stocks is “Buy” according to the report published on November 02nd, 2018.
VTAK Trading at -73.33% from the 50-Day Moving Average
After a stumble in the market that brought VTAK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.54% of loss for the given period.
Volatility was left at 29.26%, however, over the last 30 days, the volatility rate increased by 12.41%, as shares sank -74.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -88.37% lower at present.
During the last 5 trading sessions, VTAK rose by +9.74%, which changed the moving average for the period of 200-days by -91.28% in comparison to the 20-day moving average, which settled at $0.9242. In addition, Catheter Precision Inc. saw -88.65% 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 VTAK starting from JENKINS DAVID A, who purchase 9,528 shares at the price of $0.60 back on Jan 23 ’24. After this action, JENKINS DAVID A now owns 329,856 shares of Catheter Precision Inc., valued at $5,694 using the latest closing price.
JENKINS DAVID A, the Executive Chairman and CEO of Catheter Precision Inc., purchase 9,528 shares at $0.43 during a trade that took place back on Jan 22 ’24, which means that JENKINS DAVID A is holding 320,328 shares at $4,092 based on the most recent closing price.
Stock Fundamentals for VTAK
Current profitability levels for the company are sitting at:
- -24.45 for the present operating margin
- -0.26 for the gross margin
The net margin for Catheter Precision Inc. stands at -21.77. The total capital return value is set at -0.46. Equity return is now at value -49.81, with -30.71 for asset returns.
Based on Catheter Precision Inc. (VTAK), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.82.
Currently, EBITDA for the company is 45.82 million with net debt to EBITDA at -1.09. When we switch over and look at the enterprise to sales, we see a ratio of 22.82. The receivables turnover for the company is 4.15for 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 0.12.
Conclusion
To wrap up, the performance of Catheter Precision Inc. (VTAK) has been bad in recent times. The stock has received a mixed 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.
