Cutera Inc. (NASDAQ:CUTR) currently has a daily average trading volume of 845.06K but it saw 1096203 shares traded on Thursday. With a market cap of 352.08M USD, stock’s current market price of $16.83 came rising about 2.50 while comparing to the previous closing price of $16.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.04 and as low as $13.21. In the recent trading on the day, stock has struck highest price mark of $16.89 while lowest mark touched by it was $16.00.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Taking a look at 20-day trading activity of Cutera Inc. (CUTR) gives us an average price of $18.34, while its current price level is -68.86% below from 52-week high level whereas it is 27.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $21.66 while that of 200 days or SMA-200 reads an average of $37.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.64% during that period while stretching the period over a month that increases to 8.25%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.13 which implies that the stock is in neutral territory.
Cutera Inc. (CUTR)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $14.00 and $42.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $14.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $42.00. Average price target assigned by them is $28.00 which highlights an upside potential of 39.89% for the stock over that period. And to attain the median price target of $28.00 assigned by those analysts, stock has to add about 39.89% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, CUTR’s stock price is moving -5.24% down while it is -22.23% when we observe its performance for the past one month. Year-to-date it is -61.94% down and over the past year, the stock is showing a downside performance of -59.26%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.8 beaten by the consensus estimate of -$0.39 for the same. The company is expected to be releasing its next quarterly report in 08/10/2023, for which analysts forecasted an EPS of -$0.63 while estimate for next year EPS is -$1.62. For CUTR, analysts are forecasting an EPS-growth rate of -80.00% for current year and estimate for EPS growth in next year is 43.80%. In next quarter, company is expected to be making quarterly sales of $67.34 million as analysts are expecting the sales for current fiscal year at $264.45 million and seeing the company making $309.35 million in sales next year. Moreover, analysts are in estimates of $64.95 million for current-quarter revenue.
Currently, Cutera Inc.’s total number of outstanding shares is 19.78M with 2.68% of that held by the insiders while 131.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -18.40%. Stock’s beta reads 1.60. Stock has a price to sale or P/S ratio amounts to 1.41. Its return on asset (ROA) is -19.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the Cutera Inc. (CUTR) decreasing its stake to 6.55% with control over 2074.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 1,295,484 of company’s common stock of worth $29.54 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Cutera Inc., as 1290 VT GAMCO Small Company Value dumped 679,000 shares of worth $15.48 million to bring its holdings to a total of 1500.0 shares. In the most recent quarter, Fidelity Strategic Advisers US To came rising its stake by 2.26% in the company and now holds 0.6 million or 3.02% of the company’s stake having worth of about 13.64 million.
