CVRx Inc (NASDAQ:CVRX) shares, rose in value on Thursday, April 16, with the stock price up by 1.63% to the previous day’s close as strong demand from buyers drove the stock to $6.25.
Actively observing the price movement in the last trading, the stock closed the session at $6.15, falling within a range of $6.02 and $6.28. The value of beta (5-year monthly) was 1.287. Referring to stock’s 52-week performance, its high was $18.55, and the low was $5.86. On the whole, CVRX has fluctuated by -48.69% over the past month.
With the market capitalization of CVRx Inc currently standing at about $162.72 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 61.5M, with a low estimate of 12.3M and a high estimate of 12.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 12.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CVRX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CVRX currently trading nearly -37.52% and -47.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.78, while the 7-day volatility ratio is showing 6.97% which for the 30-day chart, stands at 8.92%. Furthermore, CVRx Inc (CVRX)’s beta value is 1.55, and its average true range (ATR) is 0.93.
A comparison of CVRx Inc (CVRX) with its peers suggests the former has fared considerably weaker in the market. CVRX showed an intraday change of 1.63% in last session, and over the past year, it shrunk by -61.84%%.
Data on historical trading for CVRx Inc (NASDAQ:CVRX) indicates that the trading volumes over the past 10 days have averaged 0.85 and over the past 3 months, they’ve averaged 329.93K. According to company’s latest data on outstanding shares, there are 25.32 million shares outstanding.
Nearly 39.75% of CVRx Inc’s shares belong to company insiders and institutional investors own 35.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.28 million shares as on 2025-03-31, resulting in a short ratio of 10.7. According to the data, the short interest in CVRx Inc (CVRX) stood at 1297.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 2.19 million. The stock has fallen by -50.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVRX stock heading into the next quarter.
