CVRx Inc (NASDAQ:CVRX) price on Friday, March 21, rose 1.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.49.
A look at the stock’s price movement, the close in the last trading session was $12.35, moving within a range at $11.8001 and $12.715. The beta value (5-Year monthly) was 1.293. Turning to its 52-week performance, $21.67 and $6.40 were the 52-week high and 52-week low respectively. Overall, CVRX moved -10.85% over the past month.
CVRx Inc’s market cap currently stands at around $325.20 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 14.68M for the company’s revenue for the quarter, with a low and high estimate of 14.5M and 15M respectively. The average forecast suggests up to a 36.28% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 64.03M, representing a 24.84% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CVRX is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend CVRX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CVRX’s current price about 2.51% and -12.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.23, while 7-day volatility ratio is 5.49% and 6.51% in the 30-day chart. Further, CVRx Inc (CVRX) has a beta value of 1.29, and an average true range (ATR) of 0.78. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $16 and high of $16. Looking at the price targets, the low is -28.1% off current price level while to achieve the yearly target high, price needs to move -28.1%. Nonetheless, investors will most likely welcome a -28.1% jump to $16 which is the analysts’ median price.
If we refocus on CVRx Inc (NASDAQ:CVRX), historical trading data shows that trading volumes averaged 0.19 over the past 10 days and 231.57K over the past 3 months. The company’s latest data on shares outstanding shows there are 25.32 million shares.
The 39.75% of CVRx Inc’s shares are in the hands of company insiders while institutional holders own 35.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.19 million on 2025-02-28, giving us a short ratio of 9.59. The data shows that as of 2025-02-28 short interest in CVRx Inc (CVRX) stood at 1242.0 of shares outstanding, with shares short rising to 1.84 million registered in 2025-01-31. Current price change has pushed the stock -1.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CVRX stock continues to rise going into the next quarter.
