Varonis Systems Inc (NASDAQ:VRNS) shares, rose in value, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $45.33.
Actively observing the price movement in the last trading, the stock closed the session at $44.84. The value of beta (5-year monthly) was 0.82. Referring to stock’s 52-week performance, its high was $52.88, and the low was $22.34. On the whole, VRNS has fluctuated by -4.19% over the past month.
With the market capitalization of Varonis Systems Inc currently standing at about $5.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VRNS’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% 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 VRNS currently trading nearly 0.08% and -4.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.53, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 2.82%. Furthermore, Varonis Systems Inc (VRNS)’s beta value is 0.83, and its average true range (ATR) is 1.29.
A comparison of Varonis Systems Inc (VRNS) with its peers suggests the former has fared considerably weaker in the market. VRNS showed an intraday change of 1.09% in last session, and over the past year, it grew by 93.30%%.
Data on historical trading for Varonis Systems Inc (NASDAQ:VRNS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.19 million. According to company’s latest data on outstanding shares, there are 109.10 million shares outstanding.
Nearly 4.22% of Varonis Systems Inc’s shares belong to company insiders and institutional investors own 95.03% of the company’s shares. The stock has risen by 0.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VRNS stock heading into the next quarter.
