Is Nevro Corp Stock a Good Investment?
Nevro Corp Investment Advice | NVRO |
- Examine Nevro Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Nevro Corp's leadership team and their track record. Good management can help Nevro Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Nevro Corp's business and its evolving consumer preferences.
- Compare Nevro Corp's performance and market position to its competitors. Analyze how Nevro Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Nevro Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Nevro Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Nevro Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Nevro Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Hold | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Nevro Corp Stock
Researching Nevro Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 96.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.71. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nevro Corp recorded a loss per share of 1.87. The entity had not issued any dividends in recent years. The firm had 1:24 split on the 6th of November 2014.
To determine if Nevro Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Nevro Corp's research are outlined below:
| Nevro Corp had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 425.17 M. Net Loss for the year was (92.21 M) with profit before overhead, payroll, taxes, and interest of 285.09 M. | |
| Nevro Corp currently holds about 310.82 M in cash with (58.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.78, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Disposition of 6685 shares by Kevin Thornal of Nevro Corp at 5.16 subject to Rule 16b-3 |
Nevro Corp Quarterly Cash And Short Term Investments |
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Nevro Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Nevro Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Nevro Corp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Nevro Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Nevro Corp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-08-02 | 2018-06-30 | -0.31 | -0.35 | -0.04 | 12 | ||
2023-02-16 | 2022-12-31 | -0.49 | -0.54 | -0.05 | 10 | ||
2018-11-05 | 2018-09-30 | -0.29 | -0.37 | -0.08 | 27 | ||
2017-08-07 | 2017-06-30 | -0.3 | -0.4 | -0.1 | 33 | ||
2022-08-03 | 2022-06-30 | -0.82 | -0.71 | 0.11 | 13 | ||
2021-08-04 | 2021-06-30 | -0.73 | -0.62 | 0.11 | 15 | ||
2019-02-21 | 2018-12-31 | -0.21 | -0.32 | -0.11 | 52 | ||
2023-11-01 | 2023-09-30 | -0.77 | -0.65 | 0.12 | 15 |
Know Nevro Corp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Nevro Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Nevro Corp backward and forwards among themselves. Nevro Corp's institutional investor refers to the entity that pools money to purchase Nevro Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Assenagon Asset Management Sa | 2024-09-30 | 929.3 K | Geode Capital Management, Llc | 2024-09-30 | 835.2 K | State Street Corp | 2024-09-30 | 752.6 K | Palo Alto Investors, Llc | 2024-09-30 | 750.4 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 732.7 K | Kent Lake Capital Llc | 2024-06-30 | 639.8 K | Citadel Advisors Llc | 2024-09-30 | 536.1 K | Balyasny Asset Management Llc | 2024-09-30 | 505.3 K | Millennium Management Llc | 2024-09-30 | 471.7 K | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-09-30 | 4.4 M | Armistice Capital, Llc | 2024-09-30 | 3.7 M |
Nevro Corp's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 195.23 M.Market Cap |
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Nevro Corp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.16) | (0.15) | |
| Return On Capital Employed | (0.16) | (0.17) | |
| Return On Assets | (0.13) | (0.14) | |
| Return On Equity | (0.28) | (0.30) |
Determining Nevro Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Nevro Corp is a good buy. For example, gross profit margin measures Nevro Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Nevro Corp's profitability and make more informed investment decisions.
Nevro Corp's Earnings Breakdown by Geography
Evaluate Nevro Corp's management efficiency
Nevro Corp has return on total asset (ROA) of (0.0902) % which means that it has lost $0.0902 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2478) %, meaning that it created substantial loss on money invested by shareholders. Nevro Corp's management efficiency ratios could be used to measure how well Nevro Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 31st of January 2025, Return On Tangible Assets is likely to grow to -0.15. In addition to that, Return On Capital Employed is likely to drop to -0.17. At this time, Nevro Corp's Non Current Assets Total are very stable compared to the past year. As of the 31st of January 2025, Intangible Assets is likely to grow to about 33 M, while Total Assets are likely to drop about 461.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 9.37 | 8.90 | |
| Tangible Book Value Per Share | 7.28 | 6.91 | |
| Enterprise Value Over EBITDA | (10.25) | (10.76) | |
| Price Book Value Ratio | 2.38 | 2.26 | |
| Enterprise Value Multiple | (10.25) | (10.76) | |
| Price Fair Value | 2.38 | 2.26 | |
| Enterprise Value | 802.7 M | 1.5 B |
The strategic initiatives led by Nevro Corp's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 0.931 |
Basic technical analysis of Nevro Stock
As of the 31st of January, Nevro Corp secures the Mean Deviation of 4.05, downside deviation of 5.06, and Risk Adjusted Performance of 0.0381. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nevro Corp, as well as the relationship between them.Nevro Corp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Nevro Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Nevro Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Nevro Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Nevro Corp's Outstanding Corporate Bonds
Nevro Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Nevro Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Nevro bonds can be classified according to their maturity, which is the date when Nevro Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Nevro Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Nevro Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0381 | |||
| Market Risk Adjusted Performance | (0.73) | |||
| Mean Deviation | 4.05 | |||
| Semi Deviation | 4.74 | |||
| Downside Deviation | 5.06 | |||
| Coefficient Of Variation | 2820.14 | |||
| Standard Deviation | 5.6 | |||
| Variance | 31.37 | |||
| Information Ratio | 0.0176 | |||
| Jensen Alpha | 0.2117 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | (0.74) | |||
| Maximum Drawdown | 30.68 | |||
| Value At Risk | (8.15) | |||
| Potential Upside | 7.21 | |||
| Downside Variance | 25.59 | |||
| Semi Variance | 22.46 | |||
| Expected Short fall | (4.65) | |||
| Skewness | 0.9695 | |||
| Kurtosis | 3.2 |
| Risk Adjusted Performance | 0.0381 | |||
| Market Risk Adjusted Performance | (0.73) | |||
| Mean Deviation | 4.05 | |||
| Semi Deviation | 4.74 | |||
| Downside Deviation | 5.06 | |||
| Coefficient Of Variation | 2820.14 | |||
| Standard Deviation | 5.6 | |||
| Variance | 31.37 | |||
| Information Ratio | 0.0176 | |||
| Jensen Alpha | 0.2117 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | (0.74) | |||
| Maximum Drawdown | 30.68 | |||
| Value At Risk | (8.15) | |||
| Potential Upside | 7.21 | |||
| Downside Variance | 25.59 | |||
| Semi Variance | 22.46 | |||
| Expected Short fall | (4.65) | |||
| Skewness | 0.9695 | |||
| Kurtosis | 3.2 |
Consider Nevro Corp's intraday indicators
Nevro Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nevro Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Nevro Corp Corporate Filings
F4 | 27th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 14th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 12th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
Nevro Stock media impact
Far too much social signal, news, headlines, and media speculation about Nevro Corp that are available to investors today. That information is available publicly through Nevro media outlets and privately through word of mouth or via Nevro internal channels. However, regardless of the origin, that massive amount of Nevro data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Nevro Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Nevro Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Nevro Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Nevro Corp alpha.
Nevro Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Nevro Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Nevro Corp Historical Investor Sentiment
Investor biases related to Nevro Corp's public news can be used to forecast risks associated with an investment in Nevro. The trend in average sentiment can be used to explain how an investor holding Nevro can time the market purely based on public headlines and social activities around Nevro Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nevro Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nevro Corp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Nevro Corp news discussions. The higher the estimate score, the more favorable the investor's outlook on Nevro Corp.
Nevro Corp Corporate Directors
| Elizabeth Weatherman | Independent Director | Profile | |
| Brad Vale | Independent Director | Profile | |
| Kevin OBoyle | Independent Director | Profile | |
| Shawn McCormick | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevro Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Nevro Stock, please use our How to Invest in Nevro Corp guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nevro Corp. If investors know Nevro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nevro Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.87) | Revenue Per Share | Quarterly Revenue Growth (0.07) | Return On Assets | Return On Equity |
The market value of Nevro Corp is measured differently than its book value, which is the value of Nevro that is recorded on the company's balance sheet. Investors also form their own opinion of Nevro Corp's value that differs from its market value or its book value, called intrinsic value, which is Nevro Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nevro Corp's market value can be influenced by many factors that don't directly affect Nevro Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Nevro Corp's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Nevro Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nevro Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.