Verrica Pharmaceuticals Inc (NASDAQ:VRCA) has a beta value of 1.44 and has seen 3.66 million shares traded in the last trading session. The company, currently valued at $34.03M, closed the last trade at $0.80 per share which meant it lost -$0.63 on the day or -44.23% during that session. The VRCA stock price is -1326.25% off its 52-week high price of $11.41 and -30.0% below the 52-week low of $1.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.35 million shares traded. The 3-month trading volume is 980.86K shares.
The consensus among analysts is that Verrica Pharmaceuticals Inc (VRCA) is Buy stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.28.
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Verrica Pharmaceuticals Inc (NASDAQ:VRCA) trade information
Sporting -44.23% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VRCA stock price touched $0.80 or saw a rise of 53.98%. Year-to-date, Verrica Pharmaceuticals Inc shares have moved -89.11%, while the 5-day performance has seen it change -52.53%. Over the past 30 days, the shares of Verrica Pharmaceuticals Inc (NASDAQ:VRCA) have changed -40.49%. Short interest in the company has seen 4.53 million shares shorted with days to cover at 4.13.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 93.33% from current levels. The projected low price target is $10.0 while the price target rests at a high of $14.0. In that case, then, we find that the current price level is -1650.0% off the targeted high while a plunge would see the stock gain -1150.0% from current levels.
Verrica Pharmaceuticals Inc (VRCA) estimates and forecasts
Figures show that Verrica Pharmaceuticals Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -89.58% over the past 6 months, with this year growth rate of -31.58%, compared to 18.60% for the industry. Revenue growth from the last financial year stood is estimated to be 283.50%.
4 analysts offering their estimates for the company have set an average revenue estimate of 6M for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.97% over the past 5 years.
VRCA Dividends
Verrica Pharmaceuticals Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Verrica Pharmaceuticals Inc (NASDAQ:VRCA)’s Major holders
Insiders own 34.26% of the company shares, while shares held by institutions stand at 43.60% with a share float percentage of 66.33%. Investors are also buoyed by the number of investors in a company, with Verrica Pharmaceuticals Inc having a total of 99.0 institutions that hold shares in the company. The top two institutional holders are PERCEPTIVE ADVISORS LLC with over 7.1 million shares worth more than $51.75 million. As of 2024-06-30, PERCEPTIVE ADVISORS LLC held 15.2724% of shares outstanding.
The other major institutional holder is AVORO CAPITAL ADVISORS LLC, with the holding of over 4.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $29.16 million and represent 8.6052% of shares outstanding.
