CorMedix Inc (NASDAQ: CRMD) is 185.64% higher on its value in year-to-date trading and has touched a low of $2.89 and a high of $13.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRMD stock was last observed hovering at around $11.07 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $10.74, the stock is -3.92% and 9.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -2.98% at the moment leaves the stock 80.75% off its SMA200. CRMD registered 184.13% gain for a year compared to 6-month gain of 106.14%. The firm has a 50-day simple moving average (SMA 50) of $9.8018 and a 200-day simple moving average (SMA200) of $5.942.
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The stock witnessed a -10.80% loss in the last 1 month and extending the period to 3 months gives it a 110.59%, and is -5.37% 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 6.22% over the week and 8.11% over the month.
CorMedix Inc (CRMD) has around 82 employees, a market worth around $651.68M and $12.26M in sales. Fwd P/E is 30.00. Profit margin for the company is -376.35%. Distance from 52-week low is 271.63% and -22.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-78.08%).
The EPS is expected to grow by 45.05% this year
132.0 institutions hold shares in CorMedix Inc (CRMD), with institutional investors hold 31.96% of the company’s shares. The shares outstanding are 60.68M, and float is at 59.76M with Short Float at 10.52%. Institutions hold 31.64% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.55 million shares valued at $15.39 million. The investor’s holdings represent 6.1796 of the CRMD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.9 million shares valued at $12.57 million to account for 5.0476 of the shares outstanding. The other top investors are ELLIOTT INVESTMENT MANAGEMENT L.P. which holds 1.55 million shares representing 2.6964 and valued at over $6.71 million, while NOMURA HOLDINGS INC holds 2.4733 of the shares totaling 1.42 million with a market value of $6.16 million.
CorMedix Inc (CRMD) Insider Activity
The most recent transaction is an insider sale by Hurlburt Elizabeth, the company’s EVP. SEC filings show that Hurlburt Elizabeth sold 140,027 shares of the company’s common stock on Nov 14 ’24 at a price of $11.18 per share for a total of $1.57 million. Following the sale, the insider now owns 45397.0 shares.
Still, SEC filings show that on Mar 13 ’24, Todisco Joseph (Chief Executive Officer) acquired 13,561 shares at an average price of $3.74 for $50718.0. The insider now directly holds 352,839 shares of CorMedix Inc (CRMD).
