Cutera Inc (NASDAQ: CUTR) is 75.63% higher on its value in year-to-date trading and has touched a low of $0.28 and a high of $4.97 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 CUTR stock was last observed hovering at around $0.48 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $0.62, the stock is 65.15% and 46.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.5 million and changing 28.06% at the moment leaves the stock -47.49% off its SMA200. CUTR registered -78.55% loss for a year compared to 6-month loss of -55.09%. The firm has a 50-day simple moving average (SMA 50) of $0.4258 and a 200-day simple moving average (SMA200) of $1.1881.
The stock witnessed a 44.17% gain in the last 1 month and extending the period to 3 months gives it a -17.33%, and is 88.96% up 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 32.00% over the week and 16.82% over the month.
Cutera Inc (CUTR) has around 430 employees, a market worth around $15.53M and $155.21M in sales. Profit margin for the company is -84.86%. Distance from 52-week low is 120.81% and -87.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-74.62%).
The EPS is expected to shrink by -1.05% this year.
Cutera Inc (CUTR) Top Institutional Holders
74.0 institutions hold shares in Cutera Inc (CUTR), with institutional investors hold 37.96% of the company’s shares. The shares outstanding are 20.18M, and float is at 19.70M with Short Float at 20.73%. Institutions hold 37.21% of the Float.
The top institutional shareholder in the company is RTW INVESTMENTS, LP with over 1.33 million shares valued at $2.01 million. The investor’s holdings represent 6.6619% of the CUTR Shares outstanding. As of 2024-06-30, the second largest holder is PURA VIDA INVESTMENTS, LLC with 1.17 million shares valued at $$1.76 million to account for 5.8316 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.93 million shares representing 4.6336% and valued at over $1.4 million, while MILLENNIUM MANAGEMENT LLC holds 3.3513 of the shares totaling 0.67 million with a market value of $1.01 million.
Cutera Inc (CUTR) Insider Activity
The most recent transaction is an insider sale by Karavitis Michael,the company’sEVP, Chief Technology Officer. SEC filings show that Karavitis Michael sold 27,815 shares of the company’s common stock on May 15 ’24 at a price of $2.67 per share for a total of $74266.0. Following the sale, the insider now owns 24940.0 shares.
Cutera Inc disclosed in a document filed with the SEC on May 16 ’24 that Karavitis Michael (EVP, Chief Technology Officer) sold a total of 24,940 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $2.59 per share for $64595.0. Following the transaction, the insider now directly holds 0.0 shares of the CUTR stock.
Still, SEC filings show that on May 14 ’24, Karavitis Michael (EVP, Chief Technology Officer) disposed off 10,848 shares at an average price of $2.45 for $26578.0. The insider now directly holds 52,755 shares of Cutera Inc (CUTR).
