As of Friday close, Cutera Inc.’s (NASDAQ:CUTR) stock was down -$0.95, moving down -12.04 percent to $6.94. The average number of shares traded per day over the past five days has been 802,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.42 fall in that time frame. In the last twenty days, the average volume was 688,620, while in the previous 50 days, it was 806,310.
Since last month, CUTR stock retreated -35.26%. Shares of the company fell to $6.84 on 09/22/23, the lowest level in the past month. A 52-week high of $52.89 was reached on 01/03/23 after having rallying from a 52-week low of $7.83. Since the beginning of this year, CUTR’s stock price has dropped by -84.31% or -$37.28, and marked a new high 1 time. However, the stock has declined by -86.88% since its 52-week high.
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CUTR stock investors should be aware that Cutera Inc. (CUTR) stock had its last reported insider trading activity 25 days ago on Aug 29. Harris Taylor C., the Chief Executive Officer of the company, purchased of 30,000 shares for $9.91 on Aug 29. It resulted in a $297,300 investment by the insider. Drummond Stuart added 5,000 shares at an average price of $9.80 on Aug 29. The insider now owns 19,678 shares following the transaction.
Financial Health
In the three months ended June 29, Cutera Inc.’s quick ratio stood at 2.90, while its current ratio was 3.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 51.10% percent. In the year ended June 29, EBITDA margin amounted to -11.77%, whereas operating margins totaled -27.60%. Based on annual data, CUTR earned $139.83 million in gross profit and brought in $252.4 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -18.40%. Return on equity (ROE) for the past 12 months was 284.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CUTR’s revenue fell -5.19% to $54.99 million during the quarter, while net income inched up to $61.05 million. While analysts expected Cutera Inc. to report -$0.63 quarterly earnings, the actual figure was -$0.69 per share, beating the consensus estimate by -9.50%. During the quarter, the company generated -$25.25 million in EBITDA. The liabilities of Cutera Inc. were 532.97 million at the end of its most recent quarter ended June 29, and its total debt was $431.24 million. The value of shareholders’ equity is $19.94 million.
Technical Picture
This quick technical analysis looks at Cutera Inc.’s (CUTR) price momentum. With a historical volatility rate of 78.29%, the RSI 9-day stood at 20.01% on 22 September.
With respect to its five-day moving average, the current Cutera Inc. price is down by -25.85% percent or -$2.42. At present, CUTR shares trade -27.48% below its 20-day simple moving average and -68.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -57.94% below its SMA50 and -86.56% below its SMA200.
Stochastic coefficient K was 1.65% and Stochastic coefficient D was 4.62%, while ATR was 0.81. Given the Stochastic reading of 2.12% for the 14-day period, the RSI (14) reading has been calculated as 25.59%. As of today, the MACD Oscillator reading stands at -1.10, while the 14-day reading stands at -1.59.
Analyst Ratings
Piper Sandler upgraded its rating on Cutera Inc. (NASDAQ: CUTR) to a Neutral in a note to investors on July 27, 2023. The analysts firm previously had an Underweight rating on the stock.Cutera Inc. (CUTR) has been rated Hold by analysts. According to 1 brokerage firm, CUTR is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cutera Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $20.50, the current consensus forecast for the stock is $18.00 – $33.00. Based on these forecasts, analysts predict Cutera Inc. (CUTR) will achieve an average price target of $23.00.
