Veru Inc (NASDAQ:VERU)’s traded shares stood at 3.76 million during the last session, with the company’s beta value hitting -0.47. At the close of trading, the stock’s price was $0.87, to imply a decrease of -4.95% or -$0.05 in intraday trading. The VERU share’s 52-week high remains $1.92, putting it -120.69% down since that peak but still an impressive 58.62% since price per share fell to its 52-week low of $0.36. The company has a valuation of $128.01M, with an average of 1.04 million shares in intraday trading volume over the past 10 days and average of 546.19K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Veru Inc (VERU), translating to a mean rating of 1.60. Of 7 analyst(s) looking at the stock, 0 analyst(s) give VERU a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
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Veru Inc (NASDAQ:VERU) trade information
After registering a -4.95% downside in the last session, Veru Inc (VERU) has traded red over the past five days. The 5-day price performance for the stock is -4.00%, and 10.17% over 30 days. With these gigs, the year-to-date price performance is 21.46%. Short interest in Veru Inc (NASDAQ:VERU) saw shorts transact 12.87 million shares and set a 26.39 days time to cover.
The extremes give us $3 and $5 for target low and target high price respectively. As such, VERU has been trading -474.71% off suggested target high and -244.83% from its likely low.
Veru Inc (VERU) estimates and forecasts
Looking at statistics comparing Veru Inc share performance against respective industry, we note that the company has outperformed competitors. Veru Inc (VERU) shares are -33.75% down over the last 6 months, with its year-to-date growth rate higher than industry average at 73.21% against 11.50%. Revenue is forecast to grow 41.70% this quarter before jumping 12.50% for the next one. The rating firms project that company’s revenue will shrink -15.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 3.56M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 3.17M.
VERU Dividends
Veru Inc has its next earnings report out on 2024-Dec-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 3.71%.
Veru Inc (NASDAQ:VERU)’s Major holders
Veru Inc insiders hold 14.10% of total outstanding shares, with institutional holders owning 42.55% of the shares at 49.54% float percentage. In total, 42.55% institutions holds shares in the company, led by ADAGE CAPITAL PARTNERS GP, L.L.C.. As of 2024-06-30, the company held over 7.86 million shares (or 5.3703% of shares), all amounting to roughly $6.61 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 7.65 million shares, or about 5.2267% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.44 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Veru Inc (VERU) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 3.89 shares. This is just over 2.66% of the total shares, with a market valuation of $3.4 million. Data from the same date shows that the other fund manager holds a little less at 3.3, or 2.25% of the shares, all valued at about 2.89 million.