In today’s recent session, 1.16 million shares of the Vera Therapeutics Inc (NASDAQ:VERA) have been traded, and its beta is 0.99. Most recently the company’s share price was $42.28, and it changed around -$0.69 or -1.61% from the last close, which brings the market valuation of the company to $2.32B. VERA at last check was trading at a discount to its 52-week high of $50.78, offering almost -20.1% off that amount. The share price’s 52-week low was $9.68, which indicates that the recent value has risen by an impressive 77.11% since then. We note from Vera Therapeutics Inc’s average daily trading volume that its 10-day average is 0.86 million shares, with the 3-month average coming to 581.98K.
Vera Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended VERA as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Vera Therapeutics Inc is expected to report earnings per share of -0.66 for the current quarter.
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Vera Therapeutics Inc (NASDAQ:VERA) trade information
Instantly VERA has been showing red trend so far today with a performance of -1.61% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 50.00 on recent trading dayincreased the stock’s daily price by 15.44%. The company’s shares are currently up 174.90% year-to-date, but still up 5.99% over the last five days. On the other hand, Vera Therapeutics Inc (NASDAQ:VERA) is -1.28% down in the 30-day period. We can see from the shorts that 6.19 million shares have been sold at a short interest cover period of 8.96 day(s).
The consensus price target as assigned by Wall Street analysts is $34, which translates to bulls needing to decrease their stock price by -24.35% from its current value. Analyst projections state that VERA is forecast to be at a low of $6 and a high of $38.
Vera Therapeutics Inc (VERA) estimates and forecasts
Vera Therapeutics Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.09 percent over the past six months and at a -14.22% annual growth rate that is well below the industry average of 17.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -46.70% in revenue this quarter, and will report a decrease of -16.70% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.22%.
VERA Dividends
Vera Therapeutics Inc’s next quarterly earnings report is expected to be released on 2024-Aug-08.
Vera Therapeutics Inc (NASDAQ:VERA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.82% of Vera Therapeutics Inc shares, and 109.88% of them are in the hands of institutional investors. The stock currently has a share float of 119.20%. Vera Therapeutics Inc stock is held by 254.0 institutions, with AVORO CAPITAL ADVISORS LLC being the largest institutional investor. By 2024-06-30, it held 8.4548% of the shares, which is about 4.31 million shares worth $155.92 million.
PRICE T ROWE ASSOCIATES INC /MD/, with 7.1022% or 3.62 million shares worth $130.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
