The stock of Nevro Corp. (NYSE:NVRO) decreased by -$0.22 on Friday to finish at $19.71, down -1.10 percent. The last five days have seen an average of 562,500 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$19.89. The average number of shares traded over the last 20 days was 599,045, while the average volume over the last 50 days totaled 638,908.
NVRO stock dropped -21.60% since last month. On 08/02/23, the company’s shares reached a one-month low of $18.44. The stock touched a high of $53.34 on 01/04/23, after rallying from a low of $18.44 in 52 weeks. The price of NVRO stock has declined by -50.23% or -$19.89 this year, reaching a new high 2 times. Still, the stock price is down -63.05% from the 52-week high.
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Insider Transactions
NVRO stock investors should be aware that Nevro Corp. (NVRO) stock had its last reported insider trading activity 68 days ago on Jun 07. On Jun 07, Director McCormick Shawn acquired 7,500 shares at $22.88 each. This transaction resulted in the insider spending $171,633.
Valuation Metrics
Beta for the stock is 0.89. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 2.40, and the price-to-cash flow ratio of 56.24.
Financial Health
For the three months ended June 29, Nevro Corp.’s quick ratio was 5.30, while its current ratio was 6.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 67.60% percent. Nevro Corp.’s EBITDA margin for the year ended June 29 was -21.78%, whereas its operating margin stood at 0.20% for the same period. Based on annual data, it had gross profit of $276.37 million and revenue of $406.37 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NVRO’s return on assets (ROA) during the last 12 months has been 0.40%. There was a 1.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.80%.
Earnings Surprise
According to Nevro Corp.’s quarterly financial report for the quarter that ended June 29, it had $187.49 million in total debt versus $264.76 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $108.81 million, while revenues rose by 4.23% to $96.33 million. It was predicted that Nevro Corp.’s quarterly earnings would be -$0.69, but it ended up being -$0.69. EBITDA was -$23.44 million for the quarter. At the end of Nevro Corp.’s most recent quarter ended June 29, its liabilities totaled 274.77 million, while its total debt was $200.49 million. Equity owned by shareholders amounts to $36.12 million.
Technical Picture
Here’s a quick look at Nevro Corp.’s (NVRO) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 27.10%, suggesting the stock is oversold, with a 100.55% historical volatility rate.
The stochastic %K and %D were 20.82% and 22.82% respectively, while the average true range (ATR) was 1.16. Based on the 14-day stochastic reading of 18.06%, the RSI (14) reading is 31.34%. On the 9-day MACD Oscillator, the stock is at -0.73, and the 14-day reading is at -2.08.
Analyst Ratings
In its analyst report released on July 19, 2023, Robert W. Baird began covering Nevro Corp. (NYSE: NVRO). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Nevro Corp. (NVRO) an Hold rating. NVRO is a stock that is recommended for selling by 3 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is NVRO’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $57.00, with a median target price of $24.00. In analyzing these forecasts, the average price target given by analysts for Nevro Corp. (NVRO) is $28.19.
