In the last trading session, 2,955,705 shares of the Veru Inc.(NASDAQ:VERU) were traded, and its beta was 0.96. Most recently the company’s share price was $16.44, and it changed around -$0.85 or -0.05% from the last close, which brings the market valuation of the company to $1.29 Billion. VERU currently trades at a discount to its 52-week high of $24.57, offering almost -49.45% off that amount. The share price’s 52-week low was $2.3, which indicates that the current value has risen by an impressive 86.01% since then. We note from Veru Inc.’s average daily trading volume that its 10-day average is 5.27 Million shares, with the 3-month average coming to 9.8 Million.
Veru Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended VERU as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Veru Inc. is expected to report earnings per share of -$0.04 for the current quarter.
Veru Inc. (NASDAQ:VERU): Trading Information
Although VERU has showed a red trend with a performance of -4.92% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $21.65 on Tuesday, Feb 16 increased the stock’s daily price by 24.06%. The company’s shares are currently up 0.9% year-to-date, but still down -0.2089 over the last five days. On the other hand, Veru Inc. (NASDAQ:VERU) is 0.82% up in the 30-day period. We can see from the shorts that 1.85 Million shares have been sold at a short interest cover period of 0.19 day(s).
The consensus price target as assigned by Wall Street analysts is $25, which translates to bears needing to increase their stock price by 52.07% from its current value. Analyst projections state that VERU is forecast to be at a low of $22 and a high of $30. In order for the stock price to hit the forecast high, the stock would need to surge +82.48% from its current level, while the stock would need to crash 33.82% from its current level to reach the projected low.
Veru Inc. (VERU) projections and forecasts
Veru Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +489.25 percent over the past six months and at a -163.64% annual growth rate that is well below the industry average of 13.3%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -300% in revenue this quarter, and will report a decline of -40% in the next quarter. The year-over-year growth rate is expected to be 40.7%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -31.2%. Veru Inc. earnings are expected to decrease by -49.8% in 2021, but the outlook is negative 0% per year for the next five years.
Veru Inc. (NASDAQ:VERU)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 22.58% of Veru Inc. shares, and 23.5% of them are in the hands of institutional investors. The stock currently has a share float of 30.35%. Veru Inc. stock is held by 90 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 5.23% of the shares, which is about 3.76 Million shares worth $32.56 Million.
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Vanguard Group, Inc. (The), with 5.11% or 3.67 Million shares worth $31.76 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 29, 2020. The former held 3176209 shares worth $8.32 Million, making up 4.42% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.22 Million shares worth around $10.57 Million, which represents about 1.7% of the total shares outstanding.