Nevro Corp (NYSE: NVRO) is -79.32% lower on its value in year-to-date trading and has touched a low of $4.38 and a high of $22.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NVRO stock was last observed hovering at around $5.06 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $4.45, the stock is -14.09% and -14.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -12.06% at the moment leaves the stock -53.49% off its SMA200. NVRO registered -70.84% loss for a year compared to 6-month loss of -57.86%. The firm has a 50-day simple moving average (SMA 50) of $5.2268 and a 200-day simple moving average (SMA200) of $9.6292.
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The stock witnessed a -13.42% gain in the last 1 month and extending the period to 3 months gives it a -23.14%, and is -23.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.04% over the week and 9.05% over the month.
Nevro Corp (NVRO) has around 1215 employees, a market worth around $165.91M and $419.15M in sales. Profit margin for the company is -16.54%. Distance from 52-week low is 1.55% and -80.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.37%).
The EPS is expected to grow by 5.15% this year
212.0 institutions hold shares in Nevro Corp (NVRO), with institutional investors hold 100.24% of the company’s shares. The shares outstanding are 36.36M, and float is at 35.17M with Short Float at 8.91%. Institutions hold 96.50% of the Float.
The top institutional shareholder in the company is ARROWMARK COLORADO HOLDINGS LLC with over 4.29 million shares valued at $36.11 million. The investor’s holdings represent 11.7615 of the NVRO Shares outstanding. As of 2024-06-30, the second largest holder is ARMISTICE CAPITAL, LLC with 3.67 million shares valued at $30.92 million to account for 10.0693 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.6 million shares representing 9.8728 and valued at over $30.32 million, while VANGUARD GROUP INC holds 6.4721 of the shares totaling 2.36 million with a market value of $19.87 million.
