Varonis Systems Inc (VRNS) concluded trading on Wednesday at a closing price of $52.48, with 5.71 million shares of worth about $299.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.81% during that period and on October 30, 2024 the price saw a loss of about -10.72%. Currently the company’s common shares owned by public are about 109.10M shares, out of which, 108.23M shares are available for trading.
Stock saw a price change of -7.25% in past 5 days and over the past one month there was a price change of -4.62%. Year-to-date (YTD), VRNS shares are showing a performance of 15.90% which increased to 66.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.03 but also hit the highest price of $60.58 during that period. The average intraday trading volume for Varonis Systems Inc shares is 1.45 million. The stock is currently trading -9.02% below its 20-day simple moving average (SMA20), while that difference is down -6.46% for SMA50 and it goes to 6.26% 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 101.05% of that.
The stock has a current market capitalization of $5.89B and its 3Y-monthly beta is at 0.81. It has posted earnings per share of -$0.75 in the same period. It has Quick Ratio of 2.44 while making debt-to-equity ratio of 1.74. 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 4.12% while standing at 2.91% over the month.
Stock’s fiscal year EPS is expected to drop by -26.84% while it is estimated to increase by 15.74% in next year. EPS is likely to grow at an annualized rate of 9.00% for next 5-years, compared to annual growth of -23.01% made by the stock over the past 5-years.
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 Robert W. Baird on July 30, 2024 offering an Outperform rating for the stock and assigned a target price range of between $52 and $60 to it. Coverage by JP Morgan stated Varonis Systems Inc (VRNS) stock as an Overweight in their note to investors on June 14, 2024, suggesting a price target of $54 for the stock. On February 06, 2024, Wedbush Upgrade their recommendations, while on January 18, 2024, DA Davidson Downgrade their ratings for the stock with a price target of $45. Stock get a Positive rating from Susquehanna on December 15, 2023.
