Veru Inc [NASDAQ: VERU] stock went on an upward path that rose over 23.08% on Thursday, amounting to a one-week price increase of more than 72.86%.
Over the last 12 months, VERU stock rose by 223.23%. The one-year Veru Inc stock forecast points to a potential upside of 68.0. The average equity rating for VERU stock is currently 1.25, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $187.37 million, with 146.38 million shares outstanding and 125.73 million shares in the current float. Compared to the average trading volume of 1.54M shares, VERU stock reached a trading volume of 6689993 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 $4.00 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 1.25. 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 0.11, with the Price to Sales ratio for VERU stock in the period of the last 12 months amounting to 11.09. The Price to Book ratio for the last quarter was 5.80, with the Price to Cash per share for the same quarter was set at 0.17.
VERU Stock Performance Analysis:
Veru Inc [VERU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 72.86. With this latest performance, VERU shares gained by 103.50% in over the last four-week period, additionally plugging by 31.28% over the last 6 months – not to mention a rise of 223.23% 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 80.50, with the RSI for the last a single of trading hit 84.85, and the three-weeks RSI is set at 76.22 for Veru Inc [VERU]. The present Moving Average for the last 50 days of trading for this stock 0.7276, while it was recorded at 1.0458 for the last single week of trading, and 0.9165 for the last 200 days.
Insight into Veru Inc Fundamentals:
Veru Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.62 and a Current Ratio set at 2.97.
Veru Inc [VERU] Institutonal Ownership Details
There are presently around $42.04%, or 48.94%% 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%.
