With 1.35 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.38 million shares. The 52-week range on CVRX shows that it touched its highest point at $18.55 and its lowest point at $4.30 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 1.18.
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 CVRX was down-trending over the past week, with a drop of -26.78%, but this was down by -12.68% over a month. Three-month performance dropped to -62.66% while six-month performance fell -64.95%. The stock lost -25.58% in the past year, while it has lost -57.06% so far this year. A look at the trailing 12-month EPS for CVRX yields -2.19 with Next year EPS estimates of -1.71. For the next quarter, that number is -0.52. This implies an EPS growth rate of 24.27% for this year and 14.97% for next year. EPS is expected to grow by 14.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -28.44%.
Float and Shares Shorts:
At present, 26.05 million CVRX shares are outstanding with a float of 15.71 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVRX since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.51893 being high and -$2.57774 being low. For CVRX, this leads to a yearly average estimate of -$2.55814. Based on analyst estimates, the high estimate for the next quarter is -$0.41 and the low estimate is -$0.52. The average estimate for the next quarter is thus -$0.49.
