Veru Inc (VERU) concluded trading on 01/11/24 at a closing price of $0.44, with 4.09 million shares of worth about $1.8 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -65.25% during that period and on Thursday the price saw a loss of about -13.46%. Currently the company’s common shares owned by public are about 139.51M shares, out of which, 118.52M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the VERU stock and their offered price forecasts bring an average price target of $4.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $2.00. The stock’s current price level is 90.22% above of average price target set by the analysts, while a rise to estimated low would result in gain of 78.0% for the stock. However, touching the estimated high of $7.00 would mean a gain of 93.71% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
However, the stock later moved at a day high price of 0.5100, or with a loss of -13.46%. Stock saw a price change of -32.55% in past 5 days and over the past one month there was a price change of -49.25%. Year-to-date (YTD), VERU shares are showing a performance of -39.19% which decreased to -92.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $6.57 during that period. The average intraday trading volume for Veru Inc shares is 1.23 million. The stock is currently trading -36.59% below its 20-day simple moving average (SMA20), while that difference is down -49.55% for SMA50 and it goes to -57.82% lower than SMA200.
Veru Inc (NASDAQ: VERU) currently have 139.51M outstanding shares and institutions hold larger chunk of about 19.10% of that.
The stock has a current market capitalization of $61.08M and its 3Y-monthly beta is at -0.26. It has posted earnings per share of -$1.13 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VERU, volatility over the week remained 15.07% while standing at 10.11% over the month.
Analysts are in expectations that Veru Inc (VERU) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.11 and it is -$0.39 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.15 which is -$0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 60.56% while it is estimated to increase by 7.14% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Veru Inc (VERU)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on June 07, 2023 offering a Hold rating for the stock and assigned a target price of $1 to it.
