After grabbing 13.72 million shares, the institutional investor is now in possession of 13.72 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.97% having worth around $9.88 million. Moreover, The Vanguard Group, Inc. increased its share by 9854.0 to have a control over 3.52 million shares. And Perceptive Advisors LLC raised its holdings to 1.0 million shares by acquiring 1.09 million shares or 0.79% of the stake.
Veru Inc (VERU) concluded trading on Wednesday at a closing price of $0.43, with 4.04 million shares of worth about $1.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -64.21% during that period and On Wednesday, January 24 the price saw a gain of about 4.57%. Currently the company’s common shares owned by public are about 139.51M shares, out of which, 118.52M shares are available for trading.
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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.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Veru Inc Vanguard Total Stock Market ETF is currently holding 3.72 million shares of worth totaling $2.68 million. The company recently came buying 1.8 million shares which brought its stake up to 2.71% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.28 million shares, have now control over 0.20% of the stake in the company. It holds 0.0 shares of worth $0.2 million.
However, the stock later moved at a day high price of 0.4896, or with a gain of 4.57%. Stock saw a price change of -2.52% in past 5 days and over the past one month there was a price change of -36.72%. Year-to-date (YTD), VERU shares are showing a performance of -40.85% which decreased to -93.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.36 but also hit the highest price of $6.57 during that period. The average intraday trading volume for Veru Inc shares is 1.44 million. The stock is currently trading -24.04% below its 20-day simple moving average (SMA20), while that difference is down -45.45% for SMA50 and it goes to -57.68% lower than SMA200.
Adage Capital Management LP acquired 13.72 million shares of Veru Inc having value of about $9.88 million. Veru Inc (NASDAQ: VERU) currently have 139.51M outstanding shares and institutions hold larger chunk of about 19.13% of that. Holding of mutual funds in the company is about 15.47% while other institutional holders and individual stake holders have control over 3.92% and 12.78% of the stake respectively.
The stock has a current market capitalization of $59.42M and its 3Y-monthly beta is at -0.30. 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 11.07% while standing at 10.90% 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 65.45%.
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.
