The stock of CVRx Inc (CVRX) has seen a -8.76% decrease in the past week, with a -13.35% drop in the past month, and a -27.86% decrease in the past quarter. The volatility ratio for the week is 6.47%, and the volatility levels for the past 30 days are at 7.01% for CVRX. The simple moving average for the past 20 days is -3.12% for CVRX’s stock, with a -45.87% simple moving average for the past 200 days.
Is It Worth Investing in CVRx Inc (NASDAQ: CVRX) Right Now?
Additionally, the 36-month beta value for CVRX is 1.22. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CVRX is 12.10M and currently, short sellers hold a 16.67% ratio of that float. The average trading volume of CVRX on September 27, 2024 was 331.75K shares.
CVRX) stock’s latest price update
CVRx Inc (NASDAQ: CVRX) has experienced a decline in its stock price by -5.49 compared to its previous closing price of 8.93. However, the company has seen a fall of -8.76% in its stock price over the last five trading days. zacks.com reported 2024-09-16 that CVRx announces the publication of positive study data for its Barostim therapy.
Analysts’ Opinion of CVRX
Many brokerage firms have already submitted their reports for CVRX stocks, with Cantor Fitzgerald repeating the rating for CVRX by listing it as a “Overweight.” The predicted price for CVRX in the upcoming period, according to Cantor Fitzgerald is $14 based on the research report published on September 10, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see CVRX reach a price target of $12, previously predicting the price at $18. The rating they have provided for CVRX stocks is “Buy” according to the report published on July 11th, 2024.
Craig Hallum gave a rating of “Buy” to CVRX, setting the target price at $23 in the report published on May 01st of the current year.
CVRX Trading at -4.02% 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 -74.53% of loss for the given period.
Volatility was left at 7.01%, however, over the last 30 days, the volatility rate increased by 6.47%, as shares sank -15.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.08% lower at present.
During the last 5 trading sessions, CVRX fell by -8.76%, which changed the moving average for the period of 200-days by -65.05% in comparison to the 20-day moving average, which settled at $8.64. In addition, CVRx Inc saw -73.16% 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 SLATTERY JOSEPH P, who purchase 3,000 shares at the price of $8.10 back on Aug 15 ’24. After this action, SLATTERY JOSEPH P now owns 30,645 shares of CVRx Inc, valued at $24,300 using the latest closing price.
SLATTERY JOSEPH P, the Director of CVRx Inc, purchase 3,000 shares at $8.24 during a trade that took place back on Aug 08 ’24, which means that SLATTERY JOSEPH P is holding 27,645 shares at $24,716 based on the most recent closing price.
Stock Fundamentals for CVRX
Current profitability levels for the company are sitting at:
- -1.25 for the present operating margin
- 0.84 for the gross margin
The net margin for CVRx Inc stands at -1.23. The total capital return value is set at -0.64. Equity return is now at value -74.91, with -51.56 for asset returns.
Based on CVRx Inc (CVRX), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at -1.24. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is -51.43.
Currently, EBITDA for the company is -43.1 million with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 3.25. The receivables turnover for the company is 5.16for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.08.
Conclusion
In conclusion, CVRx Inc (CVRX) has seen bad performance in recent times. Analysts have a bullish 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.
