Veru Inc [NASDAQ: VERU] traded at a low on Wednesday, posting a -4.95 loss after which it closed the day’ session at $0.87.
The results of the trading session contributed to over 3762893 shares changing hands. Over the past one week, the price volatility of Veru Inc stands at 6.65% while the volatility over the past one month is 7.17%.
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The market cap for VERU stock reached $128.01 million, with 146.38 million shares outstanding and 125.73 million shares in the current float. Compared to the average trading volume of 546.19K shares, VERU reached a trading volume of 3762893 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $3.40 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 1.60. 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.
B. Riley Securities have made an estimate for Veru Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 14, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on March 28, 2024, representing the official price target for Veru Inc stock. Previously, the target price had yet another raise to $1, while Jefferies analysts kept a Hold rating on VERU stock.
The Average True Range (ATR) for Veru Inc is set at 0.06, with the Price to Sales ratio for VERU stock in the period of the last 12 months amounting to 9.09. The Price to Book ratio for the last quarter was 3.40, with the Price to Cash per share for the same quarter was set at 0.20.
How has VERU stock performed recently?
Veru Inc [VERU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.00. With this latest performance, VERU shares gained by 10.17% in over the last four-week period, additionally sinking by -33.75% over the last 6 months – not to mention a rise of 16.58% 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 53.26, with the RSI for the last a single of trading hit 52.81, and the three-weeks RSI is set at 52.55 for Veru Inc [VERU]. The present Moving Average for the last 50 days of trading for this stock 0.8328, while it was recorded at 0.8750 for the last single week of trading, and 0.8589 for the last 200 days.
Veru Inc [VERU]: Deeper insight into the fundamentals
Veru Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.16 and a Current Ratio set at 3.62.
Earnings analysis for Veru Inc [VERU]
With the latest financial reports released by the company, Veru Inc posted -0.12/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VERU.
Insider trade positions for Veru Inc [VERU]
There are presently around $42.55%, or 49.54%% of VERU stock, in the hands of institutional investors. The top three institutional holders of VERU stocks are: ADAGE CAPITAL PARTNERS GP, L.L.C. with ownership of 7.86 million shares, which is approximately 5.3703%. BLACKROCK INC., holding 7.65 million shares of the stock with an approximate value of $$6.44 million in VERU stocks shares; and BLACKROCK INC., currently with $$5.94 million in VERU stock with ownership which is approximately 4.8253%.
