At the time of writing, CVRx Inc [CVRX] stock is trading at $9.86, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CVRX shares have gain 12.94% over the last week, with a monthly amount glided 18.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CVRx Inc [NASDAQ: CVRX] stock has seen the most recent analyst activity on July 11, 2024, when Lake Street reiterated its Buy rating and also revised its price target to $12 from $18. On May 01, 2024, downgrade downgraded it’s rating to Mkt Perform. JP Morgan downgraded its rating to a Neutral and decreased its price target to $13 on May 01, 2024. Lake Street initiated its recommendation with a Buy and recommended $20 as its price target on January 31, 2023. Craig Hallum started tracking with a Buy rating for this stock on July 18, 2022, and assigned it a price target of $15. In a note dated July 26, 2021, William Blair initiated an Outperform rating.
For the past year, the stock price of CVRx Inc fluctuated between $6.40 and $33.13. Currently, Wall Street analysts expect the stock to reach $16.2 within the next 12 months. CVRx Inc [NASDAQ: CVRX] shares were valued at $9.86 at the most recent close of the market. An investor can expect a potential return of 64.3% based on the average CVRX price forecast.
Analyzing the CVRX fundamentals
According to CVRx Inc [NASDAQ:CVRX], the company’s sales were 44.39M for trailing twelve months, which represents an 24.28% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -1.25%, Pretax Profit Margin comes in at -1.22%, and Net Profit Margin reading is -1.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -0.78 and Total Capital is -0.64. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.65 points at the first support level, and at 9.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.04, and for the 2nd resistance point, it is at 10.23.
Ratios To Look Out For
It is important to note that CVRx Inc [NASDAQ:CVRX] has a current ratio of 10.08. Also, the Quick Ratio is 8.85, while the Cash Ratio stands at 7.71. Considering the valuation of this stock, the price to sales ratio is 4.84, the price to book ratio is 3.87.
Transactions by insiders
Recent insider trading involved SLATTERY JOSEPH P, Director, that happened on Aug 15 ’24 when 3000.0 shares were purchased. Director, SLATTERY JOSEPH P completed a deal on Aug 08 ’24 to buy 3000.0 shares. Meanwhile, Director SLATTERY JOSEPH P bought 2500.0 shares on Aug 06 ’24.
