During the last session, Veru Inc. (NASDAQ:VERU)’s traded shares were 14.19 million, with the beta value of the company hitting -0.56. At the end of the trading day, the stock’s price was $9.03, reflecting an intraday gain of 10.66% or $0.87. The 52-week high for the VERU share is $17.50, that puts it down -93.8 from that peak though still a striking 51.94% gain since the share price plummeted to a 52-week low of $4.34. The company’s market capitalization is $790.40M, and the average trade volume was 19.08 million shares over the past three months.
Veru Inc. (VERU) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.60. VERU has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.15.
Veru Inc. (NASDAQ:VERU) trade information
Veru Inc. (VERU) registered a 10.66% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 10.66% in intraday trading to $9.03 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -2.38%, and it has moved by -9.79% in 30 days. Based on these gigs, the overall price performance for the year is 24.55%.
The consensus price target of analysts on Wall Street is $29.20, which implies an increase of 69.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24.00 and $36.00 respectively. As a result, VERU is trading at a discount of -298.67% off the target high and -165.78% off the low.
Veru Inc. (VERU) estimates and forecasts
Statistics show that Veru Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Veru Inc. (VERU) shares have gone up 7.89% during the last six months, with a year-to-date growth rate less than the industry average at -477.78% against 13.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -275.00% this quarter and then drop -466.70% in the quarter after that. In the rating firms’ projections, revenue will increase 23.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $12.32 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $13.75 million by the end of Jun 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 49.20%. While earnings are projected to return 131.00% in 2022.
Veru Inc. is due to release its next quarterly earnings between August 10 and August 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Veru Inc. (NASDAQ:VERU)’s Major holders
Veru Inc. insiders own 19.49% of total outstanding shares while institutional holders control 39.15%, with the float percentage being 48.63%. Perceptive Advisors Llc is the largest shareholder of the company, while 155 institutions own stock in it. As of Dec 30, 2021, the company held over 4.45 million shares (or 5.56% of all shares), a total value of $26.22 million in shares.
The next largest institutional holding, with 4.45 million shares, is of Perceptive Advisors Llc’s that is approximately 5.56% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $26.22 million.
Also, the Mutual Funds coming in first place with the largest holdings of Veru Inc. (VERU) shares are Vanguard Total Stock Market Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.77 million shares. This amounts to just over 2.21 percent of the company’s overall shares, with a $10.43 million market value. The same data shows that the other fund manager holds slightly less at 1.77 million, or about 2.21% of the stock, which is worth about $10.43 million.