Technical Outlook And Game Plan For Vericel Corp (NASDAQ: VCEL)

Vericel Corp (VCEL) concluded trading on Thursday at a closing price of $52.02, with 0.47 million shares of worth about $24.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 46.45% during that period and on March 28, 2024 the price saw a loss of about -0.59%. Currently the company’s common shares owned by public are about 48.29M shares, out of which, 47.91M shares are available for trading.

Stock saw a price change of 11.42% in past 5 days and over the past one month there was a price change of 8.83%. Year-to-date (YTD), VCEL shares are showing a performance of 46.08% which increased to 84.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.02 but also hit the highest price of $52.43 during that period. The average intraday trading volume for Vericel Corp shares is 593.98K. The stock is currently trading 13.61% above its 20-day simple moving average (SMA20), while that difference is up 14.99% for SMA50 and it goes to 38.77% higher than SMA200.

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Vericel Corp (NASDAQ: VCEL) currently have 48.29M outstanding shares and institutions hold larger chunk of about 108.10% of that.

The stock has a current market capitalization of $2.51B and its 3Y-monthly beta is at 1.71. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 4.21 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VCEL, volatility over the week remained 3.27% while standing at 3.47% over the month.

Stock’s fiscal year EPS is expected to rise by 214.29% while it is estimated to increase by 508.33% in next year.

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 Truist on January 25, 2024 offering a Buy rating for the stock and assigned a target price range of between $39 and $51 to it. Coverage by BTIG Research stated Vericel Corp (VCEL) stock as a Buy in their note to investors on August 08, 2023, suggesting a price target of $39 for the stock. Stock get an Overweight rating from Stephens on October 14, 2022.

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