Nevro Corp (NYSE:NVRO) shares, rose in value on Wednesday, February 12, without any change to the previous day’s close as strong demand from buyers drove the stock to $5.72.
Actively observing the price movement in the last trading, the stock closed the session at $5.72, falling within a range of $5.71 and $5.73. The value of beta (5-year monthly) was 0.931. Referring to stock’s 52-week performance, its high was $17.75, and the low was $3.16. On the whole, NVRO has fluctuated by 41.94% over the past month.
With the market capitalization of Nevro Corp currently standing at about $216.54 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 405.28M, with a low estimate of 99.6M and a high estimate of 105.65M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 102.43M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NVRO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of NVRO currently trading nearly 11.94% and 29.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.41, while the 7-day volatility ratio is showing 3.58% which for the 30-day chart, stands at 6.15%. Furthermore, Nevro Corp (NVRO)’s beta value is 0.97, and its average true range (ATR) is 0.26.
A comparison of Nevro Corp (NVRO) with its peers suggests the former has fared considerably weaker in the market. NVRO showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -66.65%%.
Data on historical trading for Nevro Corp (NYSE:NVRO) indicates that the trading volumes over the past 10 days have averaged 2.24 and over the past 3 months, they’ve averaged 861.67K. According to company’s latest data on outstanding shares, there are 37.44 million shares outstanding.
Nearly 5.63% of Nevro Corp’s shares belong to company insiders and institutional investors own 99.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.93 million shares as on 2025-01-31, resulting in a short ratio of 4.98. According to the data, the short interest in Nevro Corp (NVRO) stood at 900.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 2.75 million. The stock has risen by 53.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVRO stock heading into the next quarter.
