The stock price of Cytosorbents Corp (NASDAQ: CTSO) has dropped by -10.00 compared to previous close of 1.50. Despite this, the company has seen a fall of -2.88% in its stock price over the last five trading days. globenewswire.com reported 2024-10-01 that CytoSorbents files for FDA De Novo marketing approval of DrugSorb-ATR to reduce the severity of CABG-related bleeding due to the blood thinner ticagrelor
Is It Worth Investing in Cytosorbents Corp (NASDAQ: CTSO) Right Now?
The 36-month beta value for CTSO is also noteworthy at 0.52. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CTSO is 46.55M, and at present, short sellers hold a 3.03% of that float. The average trading volume of CTSO on October 02, 2024 was 104.97K shares.
CTSO’s Market Performance
CTSO stock saw an increase of -2.88% in the past week, with a monthly gain of 28.57% and a quarterly increase of 64.27%. The volatility ratio for the week is 12.02%, and the volatility levels for the last 30 days are 10.61% for Cytosorbents Corp (CTSO). The simple moving average for the past 20 days is 8.83% for CTSO’s stock, with a 32.46% simple moving average for the past 200 days.
Analysts’ Opinion of CTSO
Many brokerage firms have already submitted their reports for CTSO stocks, with B. Riley Securities repeating the rating for CTSO by listing it as a “Buy.” The predicted price for CTSO in the upcoming period, according to B. Riley Securities is $4 based on the research report published on September 07, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CTSO reach a price target of $10. The rating they have provided for CTSO stocks is “Buy” according to the report published on October 14th, 2021.
Jefferies gave a rating of “Buy” to CTSO, setting the target price at $15 in the report published on September 17th of the previous year.
CTSO Trading at 19.61% from the 50-Day Moving Average
After a stumble in the market that brought CTSO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.21% of loss for the given period.
Volatility was left at 10.61%, however, over the last 30 days, the volatility rate increased by 12.02%, as shares surge +32.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.57% upper at present.
During the last 5 trading sessions, CTSO fell by -2.88%, which changed the moving average for the period of 200-days by -22.86% in comparison to the 20-day moving average, which settled at $1.2570. In addition, Cytosorbents Corp saw 21.62% 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 CTSO starting from Sobel Alan D., who purchase 22,557 shares at the price of $1.33 back on Dec 13 ’23. After this action, Sobel Alan D. now owns 101,857 shares of Cytosorbents Corp, valued at $30,001 using the latest closing price.
Deliargyris Efthymios, the Chief Medical Officer of Cytosorbents Corp, purchase 22,557 shares at $1.33 during a trade that took place back on Dec 13 ’23, which means that Deliargyris Efthymios is holding 348,433 shares at $30,001 based on the most recent closing price.
Stock Fundamentals for CTSO
Current profitability levels for the company are sitting at:
- -0.68 for the present operating margin
- 0.64 for the gross margin
The net margin for Cytosorbents Corp stands at -0.71. The total capital return value is set at -0.57. Equity return is now at value -125.05, with -48.23 for asset returns.
Based on Cytosorbents Corp (CTSO), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -1.51. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 244.79.
Currently, EBITDA for the company is -28.53 million with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 2.54. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In summary, Cytosorbents Corp (CTSO) has had a mixed 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.
