Phases of COVID-19 crisis:
Early- to mid-March 2020:
Fear of the coronavirus outbreak spreading rapidly translates into
reality, with number of cases accelerating globallyLate-March 2020 onward:
Social distancing measures + lockdownsApril 2020:
Fed stimulus suppresses near-term survival anxietyMay-June 2020:
Recovery of demand, with gradual lifting of lockdowns - no panic anymore despite a steady increase in the number of casesJuly-September 2020:
Poor Q2 results, but continued
improvement in demand and
a decline in the number of new cases and progress with vaccine development buoy expectations
Going forward, as investors focus their attention on expected 2021 results, we believe Cutera stock could swell 69% once fears surrounding the Covid outbreak are put to rest