During the last session, Verona Pharma Plc ADR (NASDAQ:VRNA)’s traded shares were 0.89 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $34.98, reflecting an intraday gain of 3.09% or $1.05. The 52-week high for the VRNA share is $35.62, that puts it down -1.83 from that peak though still a striking 67.44% gain since the share price plummeted to a 52-week low of $11.39. The company’s market capitalization is $2.84B, and the average intraday trading volume over the past 10 days was 0.85 million shares, and the average trade volume was 1.03 million shares over the past three months.
Verona Pharma Plc ADR (VRNA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. VRNA has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 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 -0.5.
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Verona Pharma Plc ADR (NASDAQ:VRNA) trade information
Verona Pharma Plc ADR (VRNA) registered a 3.09% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.09% in intraday trading to $34.98, hitting a weekly high. The stock’s 5-day price performance is 3.31%, and it has moved by 13.53% in 30 days. Based on these gigs, the overall price performance for the year is 144.96%. The short interest in Verona Pharma Plc ADR (NASDAQ:VRNA) is 7.94 million shares and it means that shorts have 8.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $36, which implies an increase of 2.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $26 and $38 respectively. As a result, VRNA is trading at a discount of -8.63% off the target high and 25.67% off the low.
Verona Pharma Plc ADR (VRNA) estimates and forecasts
Statistics show that Verona Pharma Plc ADR has underperformed its competitors in share price, compared to the industry in which it operates. Verona Pharma Plc ADR (VRNA) shares have gone up 122.94% during the last six months, with a year-to-date growth rate less than the industry average at -187.50% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -177.80% this quarter and then drop -150.00% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.01M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 5.78M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.36%. While earnings are projected to return -222.22% in 2024.
VRNA Dividends
Verona Pharma Plc ADR is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Verona Pharma Plc ADR (NASDAQ:VRNA)’s Major holders
Verona Pharma Plc ADR insiders own 2.17% of total outstanding shares while institutional holders control 92.84%, with the float percentage being 94.90%. RA CAPITAL MANAGEMENT, L.P. is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 7.63 million shares (or 9.4566% of all shares), a total value of $110.37 million in shares.
The next largest institutional holding, with 5.58 million shares, is of NEA MANAGEMENT COMPANY, LLC’s that is approximately 6.9193% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $80.76 million.
