ClearPoint Neuro Reports Second Quarter 2024 Results
| CLPT Stock | USD 15.75 0.14 0.88% |
Slightly above 63% of Clearpoint Neuro's investor base is looking to short. The analysis of overall sentiment of trading Clearpoint Neuro stock suggests that many investors are alarmed at this time. Clearpoint Neuro's investing sentiment can be driven by a variety of factors including economic data, Clearpoint Neuro's earnings reports, geopolitical events, and overall market trends.
Clearpoint |
Second Quarter Revenue Growth 32 Record Revenue AchievedSOLANA BEACH, Aug. 07, 2024 -- ClearPoint Neuro, Inc. , a global device, cell, and gene therapy-enabling company offering precise navigation to the brain and spine, today announced financial results for its second quarter ended June 30, 2024. Second Quarter Highlights Reported quarterly revenue of 7.9 million, a 32 percent year-over-year increaseProduct revenue across all segments more than doubl
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Clearpoint Neuro Fundamental Analysis
We analyze Clearpoint Neuro's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clearpoint Neuro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clearpoint Neuro based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Short Ratio
Short Ratio Comparative Analysis
Clearpoint Neuro is currently under evaluation in short ratio category among its peers. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Clearpoint Neuro Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Clearpoint Neuro stock to make a market-neutral strategy. Peer analysis of Clearpoint Neuro could also be used in its relative valuation, which is a method of valuing Clearpoint Neuro by comparing valuation metrics with similar companies.
Peers
Clearpoint Neuro Related Equities
| NARI | Inari Medical | 30.60 | ||||
| CTSO | Cytosorbents Crp | 10.64 | ||||
| APYX | Apyx Medical | 3.61 | ||||
| NPCE | Neuropace | 3.11 | ||||
| RCEL | Avita Medical | 3.10 | ||||
| INSP | Inspire Medical | 3.01 | ||||
| LUNG | Pulmonx Corp | 2.14 | ||||
| KIDS | Orthopediatrics Corp | 1.80 | ||||
| ELMD | Electromed | 1.76 | ||||
| LIVN | LivaNova PLC | 0.59 | ||||
| SRDX | SurModics | 0.48 | ||||
| INGN | Inogen | 1.14 | ||||
| TMCI | Treace Medical | 1.39 | ||||
| TELA | Tela Bio | 2.41 | ||||
| SGHT | Sight Sciences | 2.58 | ||||
| OM | Outset Medical | 9.29 |
Additional Tools for Clearpoint Stock Analysis
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