Nevro Corp [NVRO] stock prices are up 6.92% to $5.25 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NVRO shares have gain 1.94% over the last week, with a monthly amount drifted -6.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nevro Corp [NYSE: NVRO] stock has seen the most recent analyst activity on August 09, 2024, when Citigroup upgraded its rating to a Neutral. Previously, Wolfe Research upgraded its rating to Peer Perform on August 08, 2024. On August 07, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $5.50 on the stock. JP Morgan downgraded its rating to a Underweight. JMP Securities downgraded its rating to a Mkt Perform. Citigroup downgraded its rating to Sell for this stock on May 22, 2024, and downed its price target to $9. In a note dated February 22, 2024, Oppenheimer downgraded an Perform rating on this stock.
The stock price of Nevro Corp [NVRO] has been fluctuating between $4.38 and $22.64 over the past year. Currently, Wall Street analysts expect the stock to reach $32.72 within the next 12 months. Nevro Corp [NYSE: NVRO] shares were valued at $5.25 at the most recent close of the market. An investor can expect a potential return of 523.24% based on the average NVRO price forecast.
Analyzing the NVRO fundamentals
The Nevro Corp [NYSE:NVRO] reported sales of 426.10M for trailing twelve months, representing a drop of -4.27%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.27 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.
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 4.96 points at the first support level, and at 4.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.42, and for the 2nd resistance point, it is at 5.59.
Ratios To Look Out For
It’s worth pointing out that Nevro Corp [NYSE:NVRO]’s Current Ratio is 4.77. On the other hand, the Quick Ratio is 3.53, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 0.71.
