CVRx, Inc., a commercial-stage medical device company, focuses on developing, manufacturing, and commercializing neuromodulation solutions for patients with cardiovascular diseases. The company offers Barostim, a neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction or systolic heart failure. It sells its products through direct sales force, as well as sales agents and independent distributors in the United States, Germany, and internationally. The company was incorporated in 2000 and is headquartered in Minneapolis, Minnesota.
Reimbursement Pivot | CVRx awaits crucial decision on outpatient reimbursement rates for Barostim, potentially impacting financial performance and stock value |
Barostim's Significance | Explore CVRx's neurostimulation-based treatment for heart failure and hypertension, with 85-90% of procedures performed in outpatient settings |
Market Volatility | CVRx stock fluctuates between $6.40 and $33.13, reflecting market uncertainty amid pending reimbursement decision |
Analyst Optimism | Delve into Canaccord Genuity's BUY rating with a $15 price target, highlighting potential upside despite regulatory challenges |
Metrics to compare | CVRX | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipCVRXPeersSector | |
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P/E Ratio | −5.6x | −5.5x | −0.7x | |
PEG Ratio | 0.18 | −0.01 | 0.00 | |
Price/Book | 5.0x | 1.7x | 2.6x | |
Price / LTM Sales | 6.9x | 1.9x | 3.2x | |
Upside (Analyst Target) | 33.5% | 31.0% | 46.6% | |
Fair Value Upside | Unlock | 12.2% | 7.4% | Unlock |