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Veru Inc. (NASDAQ:VERU) Drops -9.52 Percent In A Week: What Motivates The Stock?

In last trading session, Veru Inc. (NASDAQ:VERU) saw 2.4 million shares changing hands with its beta currently measuring -0.21. Company’s recent per share price level of $5.51 trading at $0.16 or 2.99% at ring of the bell on the day assigns it a market valuation of $436.50M. That closing price of VERU’s stock is at a discount of -345.55% from its 52-week high price of $24.55 and is indicating a premium of 21.23% from its 52-week low price of $4.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.81 million shares which gives us an average trading volume of 5.77 million if we extend that period to 3-months.

For Veru Inc. (VERU), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.3 in the current quarter.

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Veru Inc. (NASDAQ:VERU) trade information

Upright in the green during last session for gaining 2.99%, in the last five days VERU remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $5.51 price level, adding 16.89% to its value on the day. Veru Inc.’s shares saw a change of -6.45% in year-to-date performance and have moved -9.52% in past 5-day. Veru Inc. (NASDAQ:VERU) showed a performance of -49.40% in past 30-days. Number of shares sold short was 16.72 million shares which calculate 4.41 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $24.25 to the stock, which implies a rise of 77.28% to its current value. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $36.00. It follows that stock’s current price would drop -553.36% in reaching the projected high whereas dropping to the targeted low would mean a loss of -81.49% for stock’s current value.

Veru Inc. (VERU) estimates and forecasts

Statistics highlight that Veru Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -54.87% of value to its shares in past 6 months, showing an annual growth rate of -1,044.44% while that of industry is 2.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -500.00% in the current quarter and calculating -262.50% decrease in the next quarter. This year revenue growth is estimated to fall -21.20% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $11.55 million for the same. And 2 analysts are in estimates of company making revenue of $10.85 million in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 49.20% during past 5 years.

VERU Dividends

Veru Inc. is more likely to be releasing its next quarterly report between November 30 and December 05 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Veru Inc. (NASDAQ:VERU)’s Major holders

Insiders are in possession of 19.46% of company’s total shares while institution are holding 55.61 percent of that, with stock having share float percentage of 69.05%. Investors also watch the number of corporate investors in a company very closely, which is 55.61% institutions for Veru Inc. that are currently holding shares of the company. RA Capital Management, L.P. is the top institutional holder at VERU for having 7.9 million shares of worth $89.27 million. And as of Jun 29, 2022, it was holding 9.86% of the company’s outstanding shares.

The second largest institutional holder is Goldman Sachs Group Inc, which was holding about 4.88 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 6.09% of outstanding shares, having a total worth of $55.15 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.88 million shares of worth $21.2 million or 2.34% of the total outstanding shares. The later fund manager was in possession of 1.43 million shares on Sep 29, 2022, making its stake of worth around $16.43 million in the company or a holder of 1.78% of company’s stock.

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