Veru Inc (VERU) Volatility Spurs A Quest For Clarity

Currently, there are 146.38M common shares owned by the public and among those 125.96M shares have been available to trade.

The company’s stock has a 5-day price change of 20.01% and 23.17% over the past three months. VERU shares are trading 32.44% year to date (YTD), with the 12-month market performance down to -19.87% lower. It has a 12-month low price of $0.36 and touched a high of $1.92 over the same period. VERU has an average intraday trading volume of 2.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.79%, -17.10%, and 10.58% respectively.

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Institutional ownership of Veru Inc (NASDAQ: VERU) shares accounts for 37.56% of the company’s 146.38M shares outstanding.

It has a market capitalization of $139.59M and a beta (3y monthly) value of -0.43. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.63% over the week and 9.45% over the month.

Earnings per share for the fiscal year are expected to increase by 75.82%, and -13.53% over the next financial year.

Looking at the support for the VERU, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on May 14, 2024, with the firm’s price target at $5. Raymond James coverage for the Veru Inc (VERU) stock in a research note released on March 28, 2024 offered a Outperform rating with a price target of $3. Jefferies was of a view on June 07, 2023 that the stock is Hold, while Jefferies gave the stock Buy rating on April 13, 2021, issuing a price target of $19. H.C. Wainwright on their part issued Buy rating on February 09, 2021.

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