Veru Inc. [VERU] Revenue clocked in at $27.70 million, down -57.58% YTD: What’s Next?

Veru Inc. [NASDAQ: VERU] price plunged by -6.28 percent to reach at -$0.15. The company report on March 7, 2023 that Veru to Present at the Oppenheimer 33rd Annual Healthcare Conference.

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In this presentation, Veru’s CEO plans to share the Company’s current corporate strategy to focus on the clinical development of the drug candidates that have highly differentiated indications in both infectious disease and oncology with the near-term potential for Phase 3 clinical trial data in 2024.

A sum of 2662080 shares traded at recent session while its average daily volume was at 2.33M shares. Veru Inc. shares reached a high of $2.40 and dropped to a low of $2.21 until finishing in the latest session at $2.24.

The one-year VERU stock forecast points to a potential upside of 80.09. The average equity rating for VERU stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Veru Inc. [VERU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VERU shares is $11.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VERU stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Veru Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 13, 2021. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price from $12 to $17. The new note on the price target was released on February 09, 2021, representing the official price target for Veru Inc. stock. Previously, the target price had yet another raise from $4.50 to $6, while H.C. Wainwright kept a Buy rating on VERU stock.

The Average True Range (ATR) for Veru Inc. is set at 0.36, with the Price to Sales ratio for VERU stock in the period of the last 12 months amounting to 10.19. The Price to Book ratio for the last quarter was 3.67, with the Price to Cash per share for the same quarter was set at 0.37.

VERU Stock Performance Analysis:

Veru Inc. [VERU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -40.74. With this latest performance, VERU shares dropped by -58.60% in over the last four-week period, additionally sinking by -84.65% over the last 6 months – not to mention a drop of -55.99% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VERU stock in for the last two-week period is set at 17.79, with the RSI for the last a single of trading hit 12.14, and the three-weeks RSI is set at 23.27 for Veru Inc. [VERU]. The present Moving Average for the last 50 days of trading for this stock 4.93, while it was recorded at 2.37 for the last single week of trading, and 10.12 for the last 200 days.

Insight into Veru Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Veru Inc. [VERU] shares currently have an operating margin of -211.47 and a Gross Margin at +77.55. Veru Inc.’s Net Margin is presently recorded at -212.88.

Return on Equity for this stock declined to -71.87, with Return on Assets sitting at -53.31.

Veru Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.80.

Veru Inc. [VERU] Insider Position Details

There are presently around $104 million, or 49.10% of VERU stock, in the hands of institutional investors. The top three institutional holders of VERU stocks are: CANDRIAM S.C.A. with ownership of 10,216,487, which is approximately 170.195% of the company’s market cap and around 19.22% of the total institutional ownership; PERCEPTIVE ADVISORS LLC, holding 7,858,011 shares of the stock with an approximate value of $17.6 million in VERU stocks shares; and MORGAN STANLEY, currently with $16.34 million in VERU stock with ownership of nearly 14.966% of the company’s market capitalization.

Positions in Veru Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 69 institutional holders increased their position in Veru Inc. [NASDAQ:VERU] by around 14,532,622 shares. Additionally, 67 investors decreased positions by around 7,368,980 shares, while 29 investors held positions by with 24,704,997 shares. The mentioned changes placed institutional holdings at 46,606,599 shares, according to the latest SEC report filing. VERU stock had 23 new institutional investments in for a total of 668,333 shares, while 33 institutional investors sold positions of 2,677,372 shares during the same period.


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