ClearPoint Neuro Inc (NASDAQ: CLPT)’s stock price has gone rise by 7.59 in comparison to its previous close of 10.80, however, the company has experienced a 7.49% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-26 that ClearPoint Neuro clears all debt from balance sheet after early repayment of principal & interest on $10 million convertible note held by PTC Therapeutics
Is It Worth Investing in ClearPoint Neuro Inc (NASDAQ: CLPT) Right Now?
The 36-month beta value for CLPT is also noteworthy at 1.13. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CLPT is 23.96M, and at present, short sellers hold a 3.00% of that float. The average trading volume of CLPT on October 09, 2024 was 187.81K shares.
CLPT’s Market Performance
CLPT stock saw a decrease of 7.49% in the past week, with a monthly decline of -1.86% and a quarterly a decrease of 60.72%. The volatility ratio for the week is 5.24%, and the volatility levels for the last 30 days are 5.69% for ClearPoint Neuro Inc (CLPT). The simple moving average for the past 20 days is 0.31% for CLPT’s stock, with a 53.83% simple moving average for the past 200 days.
Analysts’ Opinion of CLPT
Many brokerage firms have already submitted their reports for CLPT stocks, with B. Riley Securities repeating the rating for CLPT by listing it as a “Buy.” The predicted price for CLPT in the upcoming period, according to B. Riley Securities is $10 based on the research report published on July 25, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see CLPT reach a price target of $8. The rating they have provided for CLPT stocks is “Buy” according to the report published on October 24th, 2023.
B. Riley Securities gave a rating of “Buy” to CLPT, setting the target price at $14 in the report published on February 16th of the previous year.
CLPT Trading at 7.14% from the 50-Day Moving Average
After a stumble in the market that brought CLPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.73% of loss for the given period.
Volatility was left at 5.69%, however, over the last 30 days, the volatility rate increased by 5.24%, as shares sank -3.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.00% upper at present.
During the last 5 trading sessions, CLPT rose by +7.49%, which changed the moving average for the period of 200-days by +81.00% in comparison to the 20-day moving average, which settled at $11.58. In addition, ClearPoint Neuro Inc saw 71.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CLPT
Current profitability levels for the company are sitting at:
- -0.66 for the present operating margin
- 0.6 for the gross margin
The net margin for ClearPoint Neuro Inc stands at -0.64. The total capital return value is set at -0.52. Equity return is now at value -60.40, with -35.89 for asset returns.
Based on ClearPoint Neuro Inc (CLPT), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.69. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is -97.24.
Currently, EBITDA for the company is -20.99 million with net debt to EBITDA at 1.11. When we switch over and look at the enterprise to sales, we see a ratio of 10.75. The receivables turnover for the company is 6.2for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In summary, ClearPoint Neuro Inc (CLPT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
