Making Sense Of Verve Therapeutics Inc’s (NASDAQ:VERV) Volatility

The trading price of Verve Therapeutics Inc (NASDAQ:VERV) floating lower at last check on Tuesday, April 02, closing at $7.57, -40.79% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $21.42 and a 52-week low of $8.22. Over the past month, the stock has lost -53.51% in value.

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Verve Therapeutics Inc, whose market valuation is $594.83 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.73 per share this quarter, however they have predicted annual earnings per share of -$2.98 for 2024 and -$3.22 for 2025. It means analysts are expecting annual earnings per share growth of 4.50% this year and -8.10% next year.

The average estimate suggests sales will likely up by 80.20% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $14.46 million. The company’s revenue is forecast to grow by 23.00% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Verve Therapeutics Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VERV has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that VERV’s price is currently -45.35% off the SMA20 and -42.91% off the SMA50. The RSI metric on the 14-day chart is currently showing 21.37, and weekly volatility stands at 4.85%. When measured over the past 30 days, the indicator reaches 6.24%. Verve Therapeutics Inc (NASDAQ:VERV)’s beta value is currently sitting at 1.70, while the Average True Range indicator is currently displaying 1.21.

To see how Verve Therapeutics Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: VERV stock’s performance was -40.79% at last check in today’s session, and -47.04% in the past year.

An evaluation of the daily trading volume of Verve Therapeutics Inc (NASDAQ:VERV) indicates that the 3-month average is 1.08 million. However, this figure has increased over the past 10 days to an average of 0.72 million.

Currently, records show that 81.97 million of the company’s shares remain outstanding. The insiders hold 30.25% of outstanding shares, whereas institutions hold 70.24%. The stats also highlight that short interest as of Mar 15, 2024, stood at 14.1 million shares, resulting in a short ratio of 10.76 at that time. From this, we can conclude that short interest is 16.87% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 12.59 million. However, since the stock’s price has seen -45.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.