Veru Inc (NASDAQ:VERU) shares, rose in value, with the stock price down by -8.33% to the previous day’s close as strong demand from buyers drove the stock to $1.21.
Actively observing the price movement in the last trading, the stock closed the session at $1.32. The value of beta (5-year monthly) was -0.20. Referring to stock’s 52-week performance, its high was $1.92, and the low was $0.36. On the whole, VERU has fluctuated by 98.39% over the past month.
With the market capitalization of Veru Inc currently standing at about $177.12 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.37M, with a low estimate of 2M and a high estimate of 4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.33M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VERU’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VERU currently trading nearly 6.35% and 51.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.84, while the 7-day volatility ratio is showing 12.66% which for the 30-day chart, stands at 18.91%. Furthermore, Veru Inc (VERU)’s beta value is -0.42, and its average true range (ATR) is 0.19.
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 -8.33% in last session, and over the past year, it shrunk by -5.84%%.
Data on historical trading for Veru Inc (NASDAQ:VERU) indicates that the trading volumes over the past 3 months, they’ve averaged 2.41 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 41.00% of the company’s shares. The stock has risen by 68.06% 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.
