NASDAQ:CVRX

CVRx (CVRX) Stock Price, News & Analysis

$8.29
+0.21 (+2.60%)
(As of 05/17/2024 ET)
Today's Range
$7.89
$8.35
50-Day Range
$7.27
$21.87
52-Week Range
$7.06
$33.13
Volume
197,961 shs
Average Volume
358,100 shs
Market Capitalization
$179.06 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.60

CVRx MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
100.2% Upside
$16.60 Price Target
Short Interest
Bearish
9.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.18mentions of CVRx in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$55,761 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.39) to ($1.85) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.05 out of 5 stars

Medical Sector

358th out of 919 stocks

Surgical & Medical Instruments Industry

53rd out of 99 stocks

CVRX stock logo

About CVRx Stock (NASDAQ:CVRX)

CVRx, Inc., a commercial-stage medical device company, focuses on developing, manufacturing, and commercializing neuromodulation solutions for patients with cardiovascular diseases. The company offers Barostim, a neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction or systolic heart failure. It sells its products through direct sales force, as well as sales agents and independent distributors in the United States, Germany, and internationally. The company was incorporated in 2000 and is headquartered in Minneapolis, Minnesota.

CVRX Stock Price History

CVRX Stock News Headlines

CVRx Announces Key Senior Leadership Team Hires
CVRX Stock Earnings: CVRx Misses EPS, Misses Revenue for Q1 2024
Q1 2024 CVRx Inc Earnings Call
Why Is CVRx (CVRX) Stock Down 32% Today?
Craig-Hallum Reaffirms Their Hold Rating on ProSomnus (OSA)
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
5/18/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:CVRX
Employees
200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.60
High Stock Price Target
$23.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+100.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-41,200,000.00
Net Margins
-123.58%
Pretax Margin
-123.22%

Debt

Sales & Book Value

Annual Sales
$39.29 million
Book Value
$3.07 per share

Miscellaneous

Free Float
17,514,000
Market Cap
$179.06 million
Optionable
Optionable
Beta
1.35
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Key Executives

  • Mr. Kevin Hykes (Age 58)
    President, CEO & Director
  • Mr. Jared Oasheim (Age 40)
    Chief Financial Officer
    Comp: $446.1k
  • Mr. Paul Verrastro (Age 61)
    Chief Marketing & Strategy Officer
    Comp: $529.84k
  • Mr. Paul Pignato
    Vice President of Operations
  • Ms. Jonelle R. Burnham (Age 53)
    Vice President & General Counsel
  • Mr. Craig Palmer (Age 47)
    Senior Vice President of US Sales

CVRX Stock Analysis - Frequently Asked Questions

Should I buy or sell CVRx stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CVRx in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVRX shares.
View CVRX analyst ratings
or view top-rated stocks.

What is CVRx's stock price target for 2024?

6 analysts have issued 12 month price objectives for CVRx's shares. Their CVRX share price targets range from $13.00 to $23.00. On average, they expect the company's share price to reach $16.60 in the next year. This suggests a possible upside of 100.2% from the stock's current price.
View analysts price targets for CVRX
or view top-rated stocks among Wall Street analysts.

How have CVRX shares performed in 2024?

CVRx's stock was trading at $31.44 at the beginning of 2024. Since then, CVRX stock has decreased by 73.6% and is now trading at $8.29.
View the best growth stocks for 2024 here
.

When is CVRx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our CVRX earnings forecast
.

How were CVRx's earnings last quarter?

CVRx, Inc. (NASDAQ:CVRX) issued its quarterly earnings data on Thursday, November, 4th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.08. The company earned $3.40 million during the quarter, compared to analyst estimates of $3.42 million. CVRx had a negative net margin of 123.58% and a negative trailing twelve-month return on equity of 66.05%.

What guidance has CVRx issued on next quarter's earnings?

CVRx issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.3 million-$12.3 million, compared to the consensus revenue estimate of $13.1 million.

When did CVRx IPO?

CVRx (CVRX) raised $100 million in an initial public offering on Wednesday, June 30th 2021. The company issued 6,250,000 shares at a price of $15.00-$17.00 per share.

Who are CVRx's major shareholders?

CVRx's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Johnson & Johnson (19.01%), Vanguard Group Inc. (2.75%), Lord Abbett & CO. LLC (2.73%), Silvercrest Asset Management Group LLC (1.18%), GSG Advisors LLC (0.17%) and FourWorld Capital Management LLC (0.10%). Insiders that own company stock include & Johnson Johnson, Kirk G Nielsen, Mudit K Jain, Nea Partners 10 L P and Paul Verrastro.
View institutional ownership trends
.

How do I buy shares of CVRx?

Shares of CVRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CVRX) was last updated on 5/18/2024 by MarketBeat.com Staff

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