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Nevro (NVRO) Aperçu de l'action
Nevro Corp. est une société de dispositifs médicaux qui fournit des produits aux patients souffrant de douleurs chroniques aux États-Unis et dans le monde entier. Plus de détails
| Score flocon de neige | |
|---|---|
| Évaluation | 3/6 |
| Croissance future | 0/6 |
| Performances passées | 0/6 |
| Santé financière | 5/6 |
| Dividendes | 0/6 |
NVRO Community Fair Values
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Analyst Price Targets
Nevro Corp. Concurrents
Historique des prix et performances
| Historique des cours de bourse | |
|---|---|
| Prix actuel de l'action | US$5.84 |
| Plus haut sur 52 semaines | US$13.84 |
| Plus bas sur 52 semaines | US$3.17 |
| Bêta | 0.82 |
| Variation sur 1 mois | 0.86% |
| Variation sur 3 mois | 57.41% |
| Variation sur 1 an | -56.06% |
| Variation sur 3 ans | -92.38% |
| Variation sur 5 ans | -94.65% |
| Évolution depuis l'introduction en bourse | -76.82% |
Nouvelles et mises à jour récentes
Recent updates
Nouveau récit • Apr 03
Restructuring And AI Trials Will Advance Spinal Cord Stimulation
Strategic expense management and resource reallocation could enhance profitability and revenue, particularly through improved net margins and increased U.S. market activity.Article d’analyse • Jan 23
Nevro Corp.'s (NYSE:NVRO) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Nevro Corp. ( NYSE:NVRO ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Article d’analyse • Aug 11
Little Excitement Around Nevro Corp.'s (NYSE:NVRO) Revenues As Shares Take 34% Pounding
The Nevro Corp. ( NYSE:NVRO ) share price has fared very poorly over the last month, falling by a substantial 34%. The...Seeking Alpha • Aug 09
Nevro: Not Having My Back
Summary Nevro Corp.'s shares hit fresh lows after revenue guidance reset, reflecting stagnant growth and substantial losses. The company has seen an eventful decade with huge share price fluctuations, but the situation is quite severe right now. Competitive pressures hurt the topline sales, as the loss rate is very substantial, leaving few opportunities to grow out of this situation here. Read the full article on Seeking AlphaArticle d’analyse • Jul 16
Does Nevro (NYSE:NVRO) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Article d’analyse • May 01
Nevro Corp. (NYSE:NVRO) Looks Inexpensive After Falling 27% But Perhaps Not Attractive Enough
To the annoyance of some shareholders, Nevro Corp. ( NYSE:NVRO ) shares are down a considerable 27% in the last month...Article d’analyse • Feb 25
Is Nevro (NYSE:NVRO) Using Debt In A Risky Way?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Article d’analyse • Jan 08
There Is A Reason Nevro Corp.'s (NYSE:NVRO) Price Is Undemanding
With a price-to-sales (or "P/S") ratio of 1.7x Nevro Corp. ( NYSE:NVRO ) may be sending bullish signals at the moment...Article d’analyse • Nov 16
Is Nevro (NYSE:NVRO) Using Debt In A Risky Way?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Sep 01
Nevro: Economic Realities Too Deep To Ignore, Downgrade To Hold
Summary Nevro Corp. shares have significantly underperformed, selling 57% lower than in 2021. The company's top-line momentum continues, but it faces economic challenges and lacks value creation for shareholders. As a positive, NVRO's Q2 FY'23 showed significant growth in painful diabetic neuropathy revenues. Net-net, revise to hold. Read the full article on Seeking AlphaArticle d’analyse • Jul 10
Nevro (NYSE:NVRO) Has Debt But No Earnings; Should You Worry?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Article d’analyse • Feb 28
Investors Shouldn't Be Too Comfortable With Nevro's (NYSE:NVRO) Robust Earnings
Despite announcing strong earnings, Nevro Corp.'s ( NYSE:NVRO ) stock was sluggish. Our analysis uncovered some...Seeking Alpha • Feb 22
Nevro falls to 52-week low; down ~49% over last year
Medical device company Nevro (NYSE:NVRO) hit a 52-week low of $33.36 on Wednesday afternoon. Over the last year, the stock is down ~49%. In 2022, the company, known for its Senza spinal cord stimulation system, a neuromodulation platform for chronic pain, saw its revenue increase year-over-year. However, it only eked out $3M in net income for the year. Seeking Alpha contributor The Value Investor calls Nevro (NVRO) a hold as it has demonstrated a lack of growth.Seeking Alpha • Feb 14
Nevro: Treating Patient Back Pains, Causing Shareholder Back Pains
Summary Nevro Corp. has seen multiple boom-bust cycles in its share price, and we are in the bust phase again. Unlike previous times, the Nevro Corp. growth story has been impaired, with revenues stable for a while now. Sales multiples look reasonable, but lack of growth and large losses make it hard to become upbeat about Nevro Corp. stock. When Nevro Corp. (NVRO) went public late in 2014, I urged a cautious tone on NVRO shares after the pain-relief company had seen a successful public debut. Shares rose as much as 50% on their first day of trading, with investors pricing in the prospects for adoption of its chronic pain treatment in the U.S. The higher valuation in relation to a somewhat modest addressable market made me a bit cautious. Back To 2014 When Nevro went public, investors were upbeat on the prospects for the business. It had developed the so-called Spenza system, the only spinal cord stimulation (at least at the time), used for the treatment of back and leg pain. These two segments represented a large $1.5 billion global market segment after the company obtained pre-market approval by the FDA in 2014, with commercial launch seen in 2016. This came after Spenza was already available in Europe in 2010 and in Australia a year later. Nevro Corp. shares went public at $18 per share, two dollars above the midpoint of the preliminary offering range. The shares immediately rose to the $25 mark, granting the company a market value in excess of half a billion, including a substantial net cash position of around $150 million. Based on the limited user base at the time, Nevro posted sales of $23 million in 2013, as losses of $26 million exceeded the revenue base. Revenues rose 28% in the first half of 2014, trending at a rate of $28 million, as losses were stable, running at a rate equal to reported sales. The potential, of course, was the launch in the U.S., although that same launch and burn rate would create a significant cash burn, creating quite an uncertain situation. All of this made me a bit cautious. Working Out, Then Not So Much Nevro Corp. stock has been a huge success, as shares hit the $100 mark in 2016. Thereafter, they fell back to the $40 mark in 2019 and rallied to $180 late in 2020. Ever since, shares have gradually come down to $35 per share again. Forwarding to early 2019, we have seen that Nevro has seen a successful launch in the U.S. 2018 sales rose nearly 20% to $387 million, of which the vast majority being generated in the U.S. following a successful commercial launch. While that is promising, the company still posted a GAAP operating loss of $41 million and change, as the company has been posting losses since the public offering. Moreover, Nevro Corp. has seen continued dilution, with the share count being up to 30 million in the meantime. Forwarding to spring 2022, Nevro posted $387 million in 2021 sales, being dead flat compared to 2018, after showing a modest recovery from the 2020 sales multiples which were impacted by the pandemic. Operating losses rose to $111 million, and even if I kindly exclude a $20 million litigation charge, losses were up sharply from a $63 million loss in 2020 (and losses posted before). These losses and some stock sales (or at least dilution) meant that the share count has risen to 35 million shares here, as the company maintained a modest net cash position. After peak valuations topped $7 billion, the equity valuation came down to $2.6 billion at $75 per share early in 2022, still translating into demanding multiples given the lack of growth and substantial losses. For 2022, the company guided for sales between $415 and $430 million, expecting adjusted EBITDA losses between $8 and $18 million, hardly set to make an improvement from a $17 million loss posted in 2021. Through the first three quarters of 2022, Nevro has posted stable results. Revenues were up less than 3% to $293 million for the first three quarters, as a litigation benefit of $105 million (received from Boston Scientific (BSX)) was responsible for an operating loss of $25 million, as otherwise, losses would be pretty flat. By now full year sales are seen at a midpoint of $405 million, with the shortfall mostly due to the strong dollar, with the midpoint of the EBITDA losses now seen at $21 million. The 37 million shares now granted the business a $1.3 billion equity valuation, including a $200 million net cash position. Adjusted for this, an enterprise value of $1.1 billion works down to less than 3 times sales, although the real issue is a lack of growth and continued losses.Article d’analyse • Jan 13
Does Nevro (NYSE:NVRO) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Seeking Alpha • Dec 07
Nevro: Opportunity Overshadowed By Weaknesses
Summary Nevro is a company that has developed a spinal cord stimulation implant to treat chronic pain. The FDA approved device is implanted into the back and has a good amount of clinical data to support the efficacy. Future growth relies on expanded geography, utilization, and the addition of new indications for various types of chronic pain. Introduction One of the least understood forms of chronic pain are related to non-surgical back and leg pain. There is also a significant population of patients who suffer from painful diabetic neuropathy that is hard to treat. These are markets that the FDA has approved Nevro (NVRO) to treat with direct electrical stimulation to the spinal cord. Now, patients who have been unable to cure their chronic pain issues have a new way to attempt to find peace. For Nevro, the path to full approval of their product has been in the works for over a decade, with limited use allowed in years prior. Growth really took off from 2015 to 2018, but has plateaued since, partially due to the pandemic limiting marketing the products and elective procedures. Also, the company has failed to find profitability despite the ~$100 million in quarterly revenues, primarily due to capital expenses and funding numerous trials. Investors must consider this when considering the investment, but I will share my thoughts on the potential by the end of the article. Nevro Q3 Presentation Nevro's Device - The Key to Success As discussed, Nevro's uses electrostimulation to influence the nervous system and attempt to reduce pain. Their platform involves implanting a device that directly inserts leads into the spinal cord to target various frequencies depending on the setting. Over the years, the company has collected enough data to create an AI-led platform that optimizes a patient's treatment based on their needs. This new software platform is expected to be fully released by 2023 and will likely boost sales if patients believe the personalization is worthwhile. So far, so good, if early clinical results are representative. Nevro Q3 Presentation Nevro Q3 Presentation I think it is important now to address the elephant in the room. As is common in the medical device and equipment industry, litigation has been an issue for Nevro over the past few years. In fact, this includes a patent battle against Boston Scientific (BSX) that has recently been settled and Nevro won $85 million. This is despite losing in front of a jury a few years ago and signals an end to this overhang. The influx of cash also helps Nevro take those final steps towards profitability. Although, there is still some risk remaining as BSX remains the main competitor in the neuromodulation market. Due to this fact, when BSX sees a weak sales environment, so will Nevro. This has been the case even into 2022 with sales remaining flat for years. According to managerial comments, the issue seems to be less related to physician willingness or a lack of patients, but with insurance coverage and payment. As per a SA news article: Commenting on Spinal Cord Stimulator ((SCS)) Systems, Chief Executive Mike Mahoney said that despite solid international growth, "US SCS sales were impacted by preauthorization denials despite strong patient demand and ongoing physician interest in our fast therapy." The lack of sales growth for years across the industry is a real bad sign for Nevro because they are missing out on at least a $2.0 billion market spinal stimulation market. When considering general chronic pain issues, and not just the spinal cord stimulation market, the TAM looks to be over $15 billion per year. Certainly, investors can expect that there is plenty of room to grow, the issue will be penetration and execution. Nevro Q3 Presentation Koyfin One Area of Growth A newly expanded indication into painful diabetic neuropathy, or PDN, is the one small niche that is seeing noteworthy growth for Nevro. With a TAM of approximately $3-5 billion, this segment could hold NVRO's current valuation on its own even if the other indications fail to provide growth. However, it is still the early innings as quarterly revenues have not even reached $15 million. Thankfully, there seems to be better insurance coverage for this segment and I expect the growth to continue rapidly over the coming years. Nevro Q3 Presentation Nevro Q3 Presentation Nevro Q3 Presentation Financials As shown in a prior chart, revenue growth has flattened over the past few years. At the same time, losses have continued at an average of 20-50% quarterly EBITDA losses. Apart from a few influxes of cash from litigation or investments, Nevro is operating at a serial loss and no improvement to the trend can be seen at the moment. The recent boost of cash from the BSX settlement certainly helps, especially when looking from the lens of the balance sheet. Koyfin From the payment, cash on hand raised to a respectable $387 million as of the last earnings report, and this allows for an operational runway of 15 quarters, or just about 4 years. However, shareholders are not fans of the increases in debt and dilution that have helped to provide operation cash, although bankruptcy is far worse than debt and dilution. However, one positive development to consider is the fact that the creation of a manufacturing facility in Costa Rica is now complete and FDA approved, so capex spending is likely to fall moving forward. Combined with the expected return to growth over the next few quarters, I believe that profitability will increase, which will in turn improve FCF and the health of the balance sheet.Seeking Alpha • Oct 26
Boston Scientific drives rival Nevro lower after remarks on neuromodulation
Nevro Corp. (NYSE:NVRO), a company focused on neuromodulation solutions, dropped at the open on Wednesday after its rival Boston Scientific (BSX) said that its Q3 sales for the pain treatment fell short of expectations. Boston Scientific’s (BSX) neuromodulation business markets products to address neurological movement disorders and manage chronic pain. However, the segment with $221M in net sales remained stagnant during the quarter, and the management attributed the underperformance to ongoing reimbursement challenges impacting the U.S. procedures. “Commenting on Spinal Cord Stimulator (SCS) Systems, Chief Executive Mike Mahoney said that despite solid international growth, “US SCS sales were impacted by preauthorization denials despite strong patient demand and ongoing physician interest in our fast therapy.” Nevro (NVRO) generated more than ~84% of revenue from the U.S. in 2021.Seeking Alpha • Oct 13
Nevro's Senza spinal cord stimulation system for chronic pain gets FDA approval
The U.S. Food and Drug Administration (FDA) approved Nevro's (NYSE:NVRO) Senza HFX iQ spinal cord stimulation (SCS) system. Senza HFX iQ is the first and only Artificial Intelligence (AI)-based SCS system which learns from patients, the company said in an Oct. 12 press release. Nevro noted that the the system was developed to address the variability in pain from patient to patient and to help patients optimize and maintain long-term pain relief. The system consists of the HFX iQ Implantable Pulse Generator (IPG), HFX Trial Stimulator, charger and HFX App and will launch with algorithms specifically for treating chronic back and leg pain, including non-surgical back pain and painful diabetic neuropathy. Nevro will start a limited release of the device in the U.S. this quarter, with a broad U.S. market launch planned for early 2023. The company noted that it has also filed for approval in Europe.Rendement pour les actionnaires
| NVRO | US Medical Equipment | US Marché | |
|---|---|---|---|
| 7D | 0% | 2.7% | -4.1% |
| 1Y | -56.1% | -20.8% | 20.6% |
Rendement vs Industrie: NVRO a sous-performé le secteur US Medical Equipment qui a rapporté -20.8 % au cours de l'année écoulée.
Rendement vs marché: NVRO a sous-performé le marché US qui a rapporté 20.6 % au cours de l'année écoulée.
Volatilité des prix
| NVRO volatility | |
|---|---|
| NVRO Average Weekly Movement | 9.8% |
| Medical Equipment Industry Average Movement | 8.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Cours de l'action stable: NVRO n'a pas connu de volatilité de prix significative au cours des 3 derniers mois par rapport au marché US.
Volatilité au fil du temps: La volatilité hebdomadaire de NVRO ( 10% ) est restée stable au cours de l'année écoulée.
À propos de l'entreprise
| Fondée | Salariés | PDG | Site web |
|---|---|---|---|
| 2006 | 1,099 | Kevin Thornal | nevro.com |
Nevro Corp. est une société de dispositifs médicaux qui fournit des produits aux patients souffrant de douleurs chroniques aux États-Unis et dans le monde entier. La société propose la plateforme de stimulation de la moelle épinière HFX, qui comprend le système Senza SCS, un système de neuromodulation basé sur des preuves pour le traitement des douleurs chroniques du dos et des jambes grâce à une thérapie de 10 kHz sans paresthésie, ainsi que les systèmes Senza II et Senza Omnia SCS. Elle propose également la plateforme Senza HFX iQ, qui comprend le générateur d'impulsions implantable HFX iQ, le stimulateur d'essai HFX et la télécommande patient HFX iQ, ainsi que l'application HFX, une télécommande patient et le système d'essai sans fil.
Nevro Corp. Résumé des fondamentaux
| NVRO statistiques fondamentales | |
|---|---|
| Capitalisation boursière | US$221.21m |
| Bénéfices(TTM) | -US$113.44m |
| Recettes(TTM) | US$408.52m |
0.5x
Ratio P/S-2.0x
Ratio P/ELe site NVRO est-il surévalué ?
Voir Juste valeur et analyse de l'évaluationBénéfices et recettes
| NVRO compte de résultat (TTM) | |
|---|---|
| Recettes | US$408.52m |
| Coût des recettes | US$138.99m |
| Marge brute | US$269.53m |
| Autres dépenses | US$382.97m |
| Les revenus | -US$113.44m |
Derniers bénéfices déclarés
Dec 31, 2024
Prochaine date de publication des résultats
s/o
| Résultat par action (EPS) | -2.99 |
| Marge brute | 65.98% |
| Marge bénéficiaire nette | -27.77% |
| Ratio dettes/capitaux propres | 97.7% |
Quelles ont été les performances à long terme de NVRO?
Voir les performances historiques et les comparaisonsAnalyse de l'entreprise et données financières
| Données | Dernière mise à jour (heure UTC) |
|---|---|
| Analyse de l'entreprise | 2025/04/04 09:01 |
| Cours de l'action en fin de journée | 2025/04/02 00:00 |
| Les revenus | 2024/12/31 |
| Revenus annuels | 2024/12/31 |
Sources de données
Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.
| Paquet | Données | Cadre temporel | Exemple de source américaine * |
|---|---|---|---|
| Finances de l'entreprise | 10 ans |
| |
| Estimations consensuelles des analystes | +3 ans |
|
|
| Prix du marché | 30 ans |
| |
| Propriété | 10 ans |
| |
| Gestion | 10 ans |
| |
| Principaux développements | 10 ans |
|
* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.
Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.
Modèle d'analyse et flocon de neige
Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.
Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.
Indicateurs de l'industrie et du secteur
Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.
Sources des analystes
Nevro Corp. est couverte par 8 analystes. 9 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.
| Analyste | Institution |
|---|---|
| Joanne Wuensch | BMO Capital Markets Equity Research |
| Gregory Chodaczek | B. Riley Securities, Inc. |
| David Turkaly | Citizens JMP Securities, LLC |