Cutera Inc (CUTR) Stock Up 19.50%: Is It a Good Investment?

Cutera Inc [CUTR] stock is trading at $0.81, up 19.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CUTR shares have gain 18.63% over the last week, with a monthly amount glided 13.70%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cutera Inc [NASDAQ: CUTR] stock has seen the most recent analyst activity on March 22, 2024, when William Blair upgraded its rating to a Mkt Perform. Previously, Piper Sandler upgraded its rating to Neutral on July 27, 2023, and elevated its price target to $18. On May 11, 2023, downgrade downgraded it’s rating to Mkt Perform. Maxim Group downgraded its rating to a Hold. In a note dated January 11, 2023, Cantor Fitzgerald downgraded an Neutral rating on this stock and revised its target price from $85 to $33.

Cutera Inc [CUTR] stock has fluctuated between $0.65 and $10.02 over the past year. Currently, Wall Street analysts expect the stock to reach $39.25 within the next 12 months. Cutera Inc [NASDAQ: CUTR] shares were valued at $0.81 at the most recent close of the market. An investor can expect a potential return of 4745.68% based on the average CUTR price forecast.

Analyzing the CUTR fundamentals

Cutera Inc [NASDAQ:CUTR] reported sales of 169.19M for the trailing twelve months, which represents a drop of -44.40%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.81%, Pretax Profit Margin comes in at -0.8%, and Net Profit Margin reading is -0.81%. To continue investigating profitability, this company’s Return on Assets is posted at -0.5, Equity is 0.79 and Total Capital is -0.63. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.97.

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 0.7375 points at the first support level, and at 0.6599 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8712, and for the 2nd resistance point, it is at 0.9273.

Ratios To Look Out For

For context, Cutera Inc’s Current Ratio is 3.51. Also, the Quick Ratio is 2.08, while the Cash Ratio stands at 1.38. Considering the valuation of this stock, the price to sales ratio is 0.10.

Transactions by insiders

Recent insider trading involved Karavitis Michael, EVP, Chief Technology Officer, that happened on May 15 ’24 when 27815.0 shares were sold. EVP, Chief Technology Officer, Karavitis Michael completed a deal on May 16 ’24 to sell 24940.0 shares. Meanwhile, EVP, Chief Technology Officer Karavitis Michael sold 10848.0 shares on May 14 ’24.

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