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Wednesday, September 27, 2023

It’s Not Over Yet For Cutera Inc. (NASDAQ: CUTR)

After Hours

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. After-hours trades for Cutera Inc. (CUTR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.42%, to $9.56. The Cutera Inc. has recorded 5,155 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Cutera Announces the Launch of New Skin Resurfacing and Revitalization Platform Secret DUO®.

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Stocks Info

Cutera Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Devices industry. At the end of the last regular session, the stock closed at $9.60 and fluctuated between $9.87 as its day high and $9.27 as its day low. The current market capitalization of Cutera Inc. is $193.34M. A total of 0.61 million shares were traded on the day, compared to an average of 795.17K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CUTR has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 263,874 and the disposition of 205 shares. Over the last 12 months, there were 18 BUYs and 37 SELLs from insiders. Insiders purchased 380,245 shares during that period but sold 26,411.

In the most recent transaction, Harris Taylor C. bought 30,000 shares of CUTR for 9.91 per share on Aug 29. After the transaction, the Chief Executive Officer now owns 279,336 company shares. In a previous transaction on Aug 29, Drummond Stuart bought 5,000 shares at 9.80 per share. CUTR shares that Interim CFO owns now total 19,678.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CUTR in the last 3 months, the mean price target is $23.00 with high estimates of $33.00 and low estimates of $18.00. In terms of 52-week highs and lows, CUTR has a high of $53.07 and a low of $9.10.

As of this writing, CUTR has an earnings estimate of -$0.85 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.71 per share and a lower estimate of -$1.17. The company reported an EPS of -$0.8 in the last quarter, which was -105.10% lower than expectations of -$0.39.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CUTR’s latest balance sheet shows that the firm has $164.16M in Cash & Short Term Investments as of fiscal 2021. There were $150.15M in debt and $73.90M in liabilities at the time. Its Book Value Per Share was -$3.48, while its Total Shareholder’s Equity was $56.57M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 CUTR is Buy with a score of 3.33.

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