On Tuesday, Cutera Inc (NASDAQ: CUTR) opened higher 10.82% from the last session, before settling in for the closing price of $1.94. Price fluctuations for CUTR have ranged from $1.28 to $23.28 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 8.56%. Company’s average yearly earnings per share was noted -3.56% at the time writing. With a float of $18.95 million, this company’s outstanding shares have now reached $19.96 million.
Cutera Inc (CUTR) Insider Updates
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Cutera Inc is 5.09%, while institutional ownership is 86.79%. The most recent insider transaction that took place on Aug 29 ’23, was worth 297,300. In this transaction Chief Executive Officer of this company bought 30,000 shares at a rate of $9.91, taking the stock ownership to the 279,336 shares. Before that another transaction happened on Aug 29 ’23, when Company’s Interim CFO bought 5,000 for $9.80, making the entire transaction worth $49,000. This insider now owns 19,678 shares in total.
Cutera Inc (CUTR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -0.8 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.39) by -0.41. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% during the next five years compared to -27.69% drop over the previous five years of trading.
Cutera Inc (NASDAQ: CUTR) Trading Performance Indicators
Check out the current performance indicators for Cutera Inc (CUTR). In the past quarter, the stock posted a quick ratio of 2.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.58, a number that is poised to hit -1.30 in the next quarter and is forecasted to reach -3.16 in one year’s time.
Technical Analysis of Cutera Inc (CUTR)
The latest stats from [Cutera Inc, CUTR] show that its last 5-days average volume of 1.02 million was inferior to 1.69 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 41.81%. Additionally, its Average True Range was 0.32.
During the past 100 days, Cutera Inc’s (CUTR) raw stochastic average was set at 23.58%, which indicates a significant decrease from 57.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 138.73% in the past 14 days, which was lower than the 162.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0800, while its 200-day Moving Average is $5.6100. Now, the first resistance to watch is $2.2700. This is followed by the second major resistance level at $2.3800. The third major resistance level sits at $2.5500. If the price goes on to break the first support level at $1.9900, it is likely to go to the next support level at $1.8200. Assuming the price breaks the second support level, the third support level stands at $1.7100.
Cutera Inc (NASDAQ: CUTR) Key Stats
There are currently 19,944K shares outstanding in the company with a market cap of 42.91 million. Presently, the company’s annual sales total 212,370 K according to its annual income of -150,830 K. Last quarter, the company’s sales amounted to 49,540 K and its income totaled -45,230 K.
