There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Nevro Corp. (NVRO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.29, or -0.84%, to $34.14. The Nevro Corp. has recorded 11,960 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Nevro to Participate in Wells Fargo 2023 Medtech Innovation Spotlight Call Series.
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This NYSE-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $34.43 and fluctuated between $35.15 as its day high and $33.94 as its day low. The current market capitalization of Nevro Corp. is $1.21B. A total of 1.29 million shares were traded on the day, compared to an average of 585.55K shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, NVRO has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 1,981 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 10 SELLs from insiders. Insiders purchased 209,456 shares during that period but sold 99,097.
In the most recent transaction, Rashid Kashif bought 2,250 shares of NVRO for 44.50 per share on May 09. After the transaction, the General Counsel now owns 53,526 company shares. In a previous transaction on Mar 11, Rashid Kashif bought 1,500 shares at 64.04 per share. NVRO shares that General Counsel owns now total 51,276.
Among the insiders who bought shares, GROSSMAN D KEITH acquired of 3,200 shares on Mar 08 at a per-share price of $63.59. This resulted in the Chairman, President & CEO holding 169,290 shares of NVRO after the transaction.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NVRO in the last 3 months, the mean price target is $44.50 with high estimates of $75.00 and low estimates of $33.00. In terms of 52-week highs and lows, NVRO has a high of $78.90 and a low of $30.67.
As of this writing, NVRO has an earnings estimate of -$0.49 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.43 per share and a lower estimate of -$0.56. The company reported an EPS of -$0.71 in the last quarter, which was 13.40% higher than expectations of -$0.82.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NVRO is Underweight with a score of 3.17. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 3 thought it should be Sold.