Vericel Corporation (NASDAQ:VCEL) has a beta value of 3.06 and has seen 304,407 shares traded in the last trading session. The company, currently valued at $1.08 Billion, closed the last trade at $23.68 per share which meant it gained $0.04 on the day or 0.17% during that session. The VCEL stock price is -10.73% off its 52-week high price of $26.22 and 71.37% above the 52-week low of $6.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 505.15 Million shares traded. The 3-month trading volume is 523.02 Million shares.
The consensus among analysts is that Vericel Corporation (VCEL) is a Buy stock at the moment, with a recommendation rating of 1.6. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.21.
Vericel Corporation (NASDAQ:VCEL) trade information
Sporting 0.17% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Nov 16 when the VCEL stock price touched $26.22- or saw a rise of 9.69%. Year-to-date, Vericel Corporation shares have moved 36.09%, while the 5-day performance has seen it change -8.18%. Over the past 30 days, the shares of Vericel Corporation (NASDAQ:VCEL) have changed 14.29%. Short interest in the company has seen 4.21 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $29.25, which means that the shares’ value could jump 23.52% from current levels. The projected low price target is $26 while the price target rests at a high of $32. In that case, then, we find that the current price level is +35.14% off the targeted high while a plunge would see the stock lose 9.8% from current levels.
Vericel Corporation (VCEL) estimates and forecasts
Figures show that Vericel Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +69.02% over the past 6 months, with this year growth rate of -88.89%, compared to 14.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 5% and 80% for the next quarter. Revenue growth from the last financial year stood is estimated to be +5%.
7 analysts offering their estimates for the company have set an average revenue estimate of $44.81 Million for the current quarter. 7 have an estimated revenue figure of $31.61 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $39.39 Million and $26.28 Million respectively for this quarter and the next, and analysts expect sales will grow by 13.8% for the current quarter and 20.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +37.1% over the past 5 years. Earnings growth for 2020 is a modest -8.2%.
Vericel Corporation (NASDAQ:VCEL)’s Major holders
Insiders own 1.09% of the company shares, while shares held by institutions stand at 97.77% with a share float percentage of 98.84%. Investors are also buoyed by the number of investors in a company, with Vericel Corporation having a total of 201 institutions that hold shares in the company. The top two institutional holders are Brown Capital Management, Inc. with over 3.91 Million shares worth more than $72.45 Million. As of September 29, 2020, Brown Capital Management, Inc. held 8.61% of shares outstanding.
The other major institutional holder is RTW Investments LP, with the holding of over 3.85 Million shares as of September 29, 2020. The firm’s total holdings are worth over $71.36 Million and represent 8.48% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Ivy Small Cap Growth Fund and Brown Capital Management Small Company Fund. As of June 29, 2020, the former fund manager holds about 4.45% shares in the company for having 2019702 shares of worth $27.91 Million while later fund manager owns 1.98 Million shares of worth $36.72 Million as of September 29, 2020, which makes it owner of about 4.36% of company’s outstanding stock.