Varonis Systems Inc (VRNS) concluded trading on Wednesday at a closing price of $47.58, with 0.45 million shares of worth about $21.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.87% during that period and on July 03, 2024 the price saw a loss of about -0.94%. Currently the company’s common shares owned by public are about 109.10M shares, out of which, 107.61M shares are available for trading.
Stock saw a price change of 9.51% in past 5 days and over the past one month there was a price change of 12.86%. Year-to-date (YTD), VRNS shares are showing a performance of 5.08% which increased to 79.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.55 but also hit the highest price of $52.88 during that period. The average intraday trading volume for Varonis Systems Inc shares is 1.21 million. The stock is currently trading 8.64% above its 20-day simple moving average (SMA20), while that difference is up 7.88% for SMA50 and it goes to 11.98% higher than SMA200.
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Varonis Systems Inc (NASDAQ: VRNS) currently have 109.10M outstanding shares and institutions hold larger chunk of about 99.42% of that.
The stock has a current market capitalization of $5.31B and its 3Y-monthly beta is at 0.82. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 2.38 while making debt-to-equity ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VRNS, volatility over the week remained 3.42% while standing at 2.93% over the month.
Stock’s fiscal year EPS is expected to drop by -55.83% while it is estimated to increase by 46.39% 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 JP Morgan on June 14, 2024 offering an Overweight rating for the stock and assigned a target price range of between $50 and $54 to it. Coverage by Wedbush stated Varonis Systems Inc (VRNS) stock as an Outperform in their note to investors on February 06, 2024, suggesting a price target of $65 for the stock. On January 18, 2024, DA Davidson Downgrade their recommendations, while on December 15, 2023, Susquehanna Initiated their ratings for the stock with a price target of $55. Stock get a Neutral rating from JP Morgan on October 27, 2023.
