At the time of writing, CVRx Inc [CVRX] stock is trading at $14.17, down -0.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CVRX shares have gain 11.84% over the last week, with a monthly amount glided 5.12%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
CVRx Inc [NASDAQ: CVRX] stock has seen the most recent analyst activity on September 10, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $14. Previously, Lake Street reaffirmed its Buy rating on July 11, 2024, and dropped its price target to $12. William Blair downgraded its rating to a Mkt Perform. JP Morgan downgraded its rating to a Neutral and reduced its price target to $13 on May 01, 2024. Lake Street started tracking with a Buy rating for this stock on January 31, 2023, and assigned it a price target of $20. In a note dated July 18, 2022, Craig Hallum initiated an Buy rating and provided a target price of $15 on this stock.
For the past year, the stock price of CVRx Inc fluctuated between $6.40 and $30.38. Currently, Wall Street analysts expect the stock to reach $14.25 within the next 12 months. CVRx Inc [NASDAQ: CVRX] shares were valued at $14.17 at the most recent close of the market. An investor can expect a potential return of 0.56% based on the average CVRX price forecast.
Analyzing the CVRX fundamentals
According to CVRx Inc [NASDAQ:CVRX], the company’s sales were 47.26M for trailing twelve months, which represents an 27.23% 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 -1.23%, and Net Profit Margin reading is -1.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.46, Equity is -0.89 and Total Capital is -0.5. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.76.
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 13.94 points at the first support level, and at 13.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.30, and for the 2nd resistance point, it is at 14.42.
Ratios To Look Out For
It is important to note that CVRx Inc [NASDAQ:CVRX] has a current ratio of 11.32. Further, the Quick Ratio stands at 10.23, while the Cash Ratio is 9.15. Considering the valuation of this stock, the price to sales ratio is 7.27, the price to book ratio is 5.26.
Transactions by insiders
Recent insider trading involved Behbahani Ali, Officer, that happened on Nov 29 ’24 when 21837.0 shares were purchased. CHIEF MKTG & STRAT OFFICER, VERRASTRO PAUL completed a deal on Nov 19 ’24 to sell 1430.0 shares. Meanwhile, Officer PAUL VERRASTRO bought 1430.0 shares on Nov 19 ’24.
