Shares Of Veru Inc (NASDAQ: VERU): Are They Overvalued Compared To Others?

Veru Inc (NASDAQ:VERU) shares, rose in value, with the stock price up by 7.08% to the previous day’s close as strong demand from buyers drove the stock to $0.83.

Actively observing the price movement in the last trading, the stock closed the session at $0.77. The value of beta (5-year monthly) was -0.23. Referring to stock’s 52-week performance, its high was $1.52, and the low was $0.36. On the whole, VERU has fluctuated by 30.55% over the past month.

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With the market capitalization of Veru Inc currently standing at about $121.35 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.05 for fiscal year -$0.32 and then to about -$0.34 by fiscal year 2025. Data indicates that the EPS growth is expected to be 70.90% in 2025, while the next year’s EPS growth is forecast to be -6.30%.

Analysts have estimated the company’s revenue for the quarter at $5 million, with a low estimate of $4 million and a high estimate of $7 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $18.33 million, representing an increase of 12.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VERU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VERU currently trading nearly 31.61% and 52.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.23, while the 7-day volatility ratio is showing 11.70% which for the 30-day chart, stands at 9.13%. Furthermore, Veru Inc (VERU)’s beta value is -0.20, and its average true range (ATR) is 0.06.

A comparison of Veru Inc (VERU) with its peers suggests the former has fared considerably weaker in the market. VERU showed an intraday change of 7.08% in last session, and over the past year, it shrunk by -28.53%%.

Data on historical trading for Veru Inc (NASDAQ:VERU) indicates that the trading volumes over the past 10 days have averaged 1.82 million and over the past 3 months, they’ve averaged 1.85 million. According to company’s latest data on outstanding shares, there are 146.38 million shares outstanding.

Nearly 14.11% of Veru Inc’s shares belong to company insiders and institutional investors own 40.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.5 million shares as on Mar 15, 2024, resulting in a short ratio of 5.85. According to the data, the short interest in Veru Inc (VERU) stood at 6.49% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.18 million. The stock has risen by 15.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VERU stock heading into the next quarter.