A Fresh Look at CorMedix (CRMD) Valuation Following Recent Share Price Swings

CorMedix (CRMD) shares have seen distinct swings over the past month, prompting investors to revisit the company's fundamentals. Changing sentiment in biotech has played a role. CorMedix’s recent numbers offer relevant valuation context.

See our latest analysis for CorMedix.

CorMedix’s share price has cooled off after a strong run, with a 1-month share price return of -18.55% offsetting some of the enthusiasm from its robust 28.22% year-to-date gain. Despite recent volatility, the company’s 3-year total shareholder return of 236.74% and five-year result of 84.27% point to considerable long-term momentum. However, performance in the past year has been much more modest.

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With share price momentum slowing while longer-term returns remain impressive and analyst targets remain far above current levels, investors are left pondering a key question: is CorMedix currently undervalued, or is future growth already built into the price?

Most Popular Narrative: 48.3% Undervalued

With CorMedix closing at $10.54, the most widely followed narrative argues for a fair value more than double that price, driven by aggressive growth and operational tailwinds. This highlights a sharp gap between analyst expectations and current market sentiment.

The acquisition of Melinta Therapeutics immediately diversifies and stabilizes CorMedix's revenue base by adding $125 to $135 million in expected 2025 revenue from multiple acute care and infectious disease products, which should support top-line growth and enhance earnings visibility. Ongoing and pipeline expansions (such as DefenCath's Phase III trials for additional indications and the potential REZZAYO label expansion) target growing patient populations driven by aging demographics and increased chronic disease prevalence. This positions CorMedix to capitalize on long-term increases in demand and deliver sustained revenue growth.

Read the complete narrative.

Curious what key projections power such a bold upside? There’s a core dependency in the narrative: future revenues surging and profit margins sharply rising from here. Find out what audacious assumptions and debate-worthy targets analysts are backing—discover the specifics behind this striking fair value.

Result: Fair Value of $20.40 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, costly integration missteps or heightened pricing pressures could quickly disrupt these bullish forecasts. This leaves the upside case vulnerable to near-term setbacks.

Find out about the key risks to this CorMedix narrative.

Build Your Own CorMedix Narrative

If you see the upside, or the risks, differently, you can investigate CorMedix’s numbers for yourself and assemble a fresh narrative in just a few minutes. Do it your way

A great starting point for your CorMedix research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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