Veru Inc [NASDAQ: VERU] stock went on a downward path that fall over -12.27% on Wednesday, amounting to a one-week price decrease of less than -4.03%.
Over the last 12 months, VERU stock rose by 4.38%. The one-year Veru Inc stock forecast points to a potential upside of 61.04. The average equity rating for VERU stock is currently 1.33, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $209.32 million, with 146.38 million shares outstanding and 125.73 million shares in the current float. Compared to the average trading volume of 2.53M shares, VERU stock reached a trading volume of 3304052 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $3.67 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 1.33. 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.
Raymond James have made an estimate for Veru Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 28, 2024. The new note on the price target was released on June 07, 2023, representing the official price target for Veru Inc stock. Previously, the target price had yet another raise to $19, while Jefferies analysts kept a Buy rating on VERU stock. On February 09, 2021, analysts increased their price target for VERU shares from 12 to 17.
The Average True Range (ATR) for Veru Inc is set at 0.19, with the Price to Sales ratio for VERU stock in the period of the last 12 months amounting to 15.53. The Price to Book ratio for the last quarter was 4.06, with the Price to Cash per share for the same quarter was set at 0.24.
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 -4.03. With this latest performance, VERU shares gained by 22.22% in over the last four-week period, additionally plugging by 45.90% over the last 6 months – not to mention a rise of 4.38% 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 56.13, with the RSI for the last a single of trading hit 52.03, and the three-weeks RSI is set at 57.96 for Veru Inc [VERU]. The present Moving Average for the last 50 days of trading for this stock 0.9902, while it was recorded at 1.5940 for the last single week of trading, and 0.8716 for the last 200 days.
Insight into Veru Inc Fundamentals:
Veru Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.22 and a Current Ratio set at 4.72.
Veru Inc [VERU] Institutonal Ownership Details
The top three institutional holders of VERU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in VERU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in VERU stock with ownership which is approximately 5.8386%.
