Nevro stock (NVRO) is surging: what’s next?

1:54 am ET, 07 Aug 2018

Nevro Corp. (NVRO) shares are trading at 63.12, up 7%. What's driving NVRO stock price? What should investors know about Nevro?

Nevro is a medical device company based in the San Francisco Bay Area.  The company provides products for patients suffering from chronic pain.  

On July 24, the shares of the company plunged in reaction to a negative patent ruling involving litigation between Nevro and Boston Scientific that occurred just before the closing bell.

Before the bell on the next day, the shares were buoyed by district court rulings. The court "ruled in favor of Nevro regarding six method claims in three of its patents, finding them patent eligible.  However, the court also found the BSX is not currently infringing the six method claims, because it has not commercially launched a high-frequency Spinal Cord Stimulation (SCS) system in the U.S.

In addition, the company recently announced Q2 earnings last week.  Even though its revenue grew by an impressive 23%, Nevro missed its consensus analyst earnings target.   The results were driven by the continued global adoption of HF10 therapy and execution by the company's seasoned commercial team.

What is the sentiment towards the NVRO stock? Our technical analysis shows that:

  • The stock short-term sentiment (next 30 days) is trending positive;
  • The mid-term sentiment (3-6 months) is trending negative;
  • The long-term sentiment (9-12 months) is negative. 

Over the last month, Nevro Corp. (NVRO) returned -46.81%.

Nevro Corp. (NVRO) average analyst price target ($95.00) is 114.83% above its current price ($44.22).

For the latest price and information on Nevro Corp., please visit Finstead and search for "NVRO price" or "NVRO news".

Nevro Corp. (NVRO) Stock Guide

Updated at: 12:40 am ET, 22 Sep 2020

Before we start: if you're looking for NVRO stock price, you can quickly find it out by visiting Finny and typing "NVRO quote". If you're looking for a quick scoop on NVRO stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "NVRO". You'll get all this info in one place. Or you can just type "NVRO news" to get the latest stock news.

Looking to buy or sell Nevro Corp. (NVRO)? Interested in getting the full scoop on NVRO, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this NVRO stock guide, we'll address key questions about NVRO, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are NVRO earnings?
2. When is NVRO earnings date?
3. What is NVRO stock forecast (i.e., prediction)?
4. NVRO buy or sell? What is NVRO Finny Score?
5. What are the reasons to buy NVRO? Why should I buy NVRO stock?
6. What are the reasons to sell NVRO? Why should I sell NVRO stock?
7. What are NVRO key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are NVRO earnings?

NVRO trailing 12-month earnings per share (EPS) is -$3.05.

2. When is NVRO earnings date?

NVRO earnings date is November 04, 2020.

Analyst Predictions

3. What is NVRO stock forecast (i.e., prediction)?

Based on NVRO analyst price targets, NVRO stock forecast is $154.55 (for a year from now). That means the average analyst price target for NVRO stock is $154.55. The prediction is based on 10 analyst estimates.

The low price target for NVRO is $139.00, while the high price target is $170.00.

NVRO analyst rating is Buy.

Analysis

4. NVRO buy or sell? What is NVRO Finny Score?

#{finnyScore:50}Our quantitative analysis shows 4 reasons to buy and 4 reasons to sell NVRO, resulting in Finny Score of 50.

5. What are the reasons to buy NVRO? Why should I buy NVRO stock?

Here are the reasons to buy NVRO stock:

6. What are the reasons to sell NVRO? Why should I sell NVRO stock?

Let's look at the reasons to sell NVRO stock (i.e., the bear case):

  • NVRO stock price ($140.00) is close to the 52-week high ($147.29). Perhaps now is a good time to sell? See NVRO price chart.
  • NVRO quarterly revenue growth was -39.70%, lower than the industry and sector average revenue growth (1.50% and 0.83%, respectively). See NVRO revenue growth chart.
  • NVRO short share of float is 7.63%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See NVRO short share of float chart.
  • NVRO short interest (days to cover the shorts) ratio is 7.55. The stock garners more short interest than the average industry, sector or S&P 500 stock. See NVRO short interest ratio chart.

Key Stats

7. What are NVRO key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for NVRO:

Metrics NVRO
Price $140.34
Average Price Target / Upside $154.55 / 10.12%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Medical Devices
Sector Healthcare
Number of Employees 804
Market Cap $4.93B
Forward P/E Ratio -88.07
Price/Book Ratio 13.74
Revenue (TTM) $358.39M
YoY Quarterly Revenue Growth -39.70%
Profit Margin -27.22%

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