Verve Therapeutics Inc (VERV) Volatility Hits 7.39% – Here Is What You Should Do

Verve Therapeutics Inc (NASDAQ:VERV) concluded the trading at $6.00 on Wednesday, May 01, with a fall of -0.17% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $6.01. Considering stock’s 52-week price range provides that VERV hit a high price of $21.42 and saw its price falling to a low level of $5.96 during that period. Over a period of past 1-month, stock came subtracting -27.88% in its value.

With its current market valuation of $471.30 million. Analysts are in estimates of -0.71 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -2.93 for current year with estimates of that growing to -3.1 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 2.02M. The average estimate is representing an increase of 43.90% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 11.83M in current fiscal year, which will be 0.60% more from revenue generated by the company last year.

In contrast, when we review VERV stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the VERV stock which is currently positioned at 0. It further provides that stock’s current price level is -17.95% away from its 20-day simple moving average and is -47.18% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 22.05 while volatility remained at 7.39% over the past week which changes to 6.97% when measuring it over the past month. Beta is valued at 1.93, while measure of average true range or ATR is currently at 0.65.

Having a second look at Verve Therapeutics Inc (NASDAQ:VERV) provides that stock’s average daily trading volume for 3 months was 1.32 million. Number of outstanding shares of the stock stood at 81.97 million.

The percentage of outstanding shares held by the insiders is 30.25% while it is 72.38% for the institutional holders. Subtraction of -56.96% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

Most Popular