Minerva Surgical Inc. (NASDAQ: UTRS) stock fell -24.18% on Thursday to $0.25 against a previous-day closing price of $0.33. With 7.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.2 million shares. The 52-week range on UTRS shows that it touched its highest point at $3.02 and its lowest point at $0.15 during that stretch. It currently has a 1-year price target of $1.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UTRS was up-trending over the past week, with a rise of 14.78%, but this was down by -0.67% over a month. Three-month performance dropped to -28.80% while six-month performance rose 32.98%. The stock lost -89.57% in the past year, while it has gained 12.98% so far this year. A look at the trailing 12-month EPS for UTRS yields -0.92 with Next year EPS estimates of -0.31. For the next quarter, that number is -0.09. This implies an EPS growth rate of -59.00% for this year and 16.20% for next year.
Float and Shares Shorts:
At present, 96.57 million UTRS shares are outstanding with a float of 52.62 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.2 million, which was 0.11% higher than short shares on Mar 30, 2023. In addition to Mr. Joel R. Jung MBA as the firm’s Chief Financial Officer, Mr. Dominique J. Filloux serves as its Chief Operating Officer.
Through their ownership of 93.34% of UTRS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 90.88% of UTRS, in contrast to 1.41% held by mutual funds. Shares owned by individuals account for 0.12%. As the largest shareholder in UTRS with 1.19% of the stake, AWM Investment Co., Inc. holds 2,109,444 shares worth 2,109,444. A second-largest stockholder of UTRS, Frank, Rimerman Advisors LLC, holds 111,129 shares, controlling over 0.06% of the firm’s shares. Bridgeway Capital Management LLC is the third largest shareholder in UTRS, holding 78,700 shares or 0.05% stake. With a 0.07% stake in UTRS, the Bridgeway Ultra Small Company Mar is the largest stakeholder. A total of 127,200 shares are owned by the mutual fund manager. The iShares Tr. – Micro Cap ETF, which owns about 0.02% of UTRS stock, is the second-largest Mutual Fund holder. It holds 32,337 shares valued at 7858.0. Vanguard Extended Market Index Fu holds 0.01% of the stake in UTRS, owning 19,180 shares worth 4661.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, UTRS reported revenue of $12.97M and operating income of -$4.90M. The EBITDA in the recently reported quarter was -$2.22M and diluted EPS was -$0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UTRS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UTRS analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, UTRS could surge 300.0% to reach the target high and rise by 300.0% to reach the target low. Reaching the average price target will result in a growth of 300.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded UTRS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 24,773,843 while 0 shares were sold.