28-Mar-2024
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CorMedix Inc. to Present at the Needham Annual Healthcare Conference
Globe Newswire (Wed, 27-Mar 8:30 AM ET)
Globe Newswire (Tue, 12-Mar 7:30 AM ET)
Globe Newswire (Wed, 6-Mar 8:30 AM ET)
CorMedix Inc. Announces Commercial and Reimbursement Updates
Globe Newswire (Tue, 30-Jan 8:30 AM ET)
CorMedix Inc. Announces Commercial and Operational Updates
Globe Newswire (Mon, 8-Jan 8:30 AM ET)
Cormedix Inc is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases. The Company's focus is on the commercialization of its product, DefenCath, in the United States (U.S.) and other key markets.
Cormedix trades on the NASDAQ stock market under the symbol CRMD.
As of March 28, 2024, CRMD stock price climbed to $4.24 with 330,606 million shares trading.
CRMD has a beta of 1.62, meaning it tends to be more sensitive to market movements. CRMD has a correlation of 0.09 to the broad based SPY ETF.
CRMD has a market cap of $233.12 million. This is considered a Small Cap stock.
Last quarter Cormedix reported $0 in Revenue and -$.26 earnings per share. This beat revenue expectation by $250,000 and missed earnings estimates by -$.06.
In the last 3 years, CRMD stock traded as high as $10.40 and as low as $2.57.
The top ETF exchange traded funds that CRMD belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.
CRMD has underperformed the market in the last year with a return of +23.3%, while the SPY ETF gained +33.6%. In the last 3 month period, CRMD fell short of the market, returning +8.7%, while SPY returned +10.1%. However, in the most recent 2 weeks CRMD has outperformed the stock market by returning +8.7%, while SPY returned +1.7%.
CRMD support price is $4.01 and resistance is $4.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRMD stock will trade within this expected range on the day.