Verve Therapeutics Inc (NASDAQ:VERV) has a beta value of 1.75 and has seen 1.56 million shares traded in the last trading session. The company, currently valued at $539.91M, closed the last trade at $6.38 per share which meant it gained $0.33 on the day or 5.45% during that session. The VERV stock price is -215.36% off its 52-week high price of $20.12 and 32.6% above the 52-week low of $4.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.13 million shares traded. The 3-month trading volume is 1.34 million shares.
The consensus among analysts is that Verve Therapeutics Inc (VERV) is Buy stock at the moment, with a recommendation rating of 1.20. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.7.
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Verve Therapeutics Inc (NASDAQ:VERV) trade information
Sporting 5.45% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VERV stock price touched $6.38 or saw a rise of 5.76%. Year-to-date, Verve Therapeutics Inc shares have moved -54.23%, while the 5-day performance has seen it change 6.51%. Over the past 30 days, the shares of Verve Therapeutics Inc (NASDAQ:VERV) have changed 33.19%. Short interest in the company has seen 17.44 million shares shorted with days to cover at 14.14.
Wall Street analysts have a consensus price target for the stock at $21.5, which means that the shares’ value could jump 70.33% from current levels. The projected low price target is $13.0 while the price target rests at a high of $30.0. In that case, then, we find that the current price level is -370.22% off the targeted high while a plunge would see the stock gain -103.76% from current levels.
Verve Therapeutics Inc (VERV) estimates and forecasts
Figures show that Verve Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 3.57% over the past 6 months, with this year growth rate of 15.06%, compared to 18.60% for the industry. Revenue growth from the last financial year stood is estimated to be 54.00%.
10 analysts offering their estimates for the company have set an average revenue estimate of 2.81M for the current quarter. 9 have an estimated revenue figure of 3.4M for the next ending quarter. Year-ago sales stood 3.12M and 5.14M respectively for this quarter and the next, and analysts expect sales will shrink by -9.80% for the current quarter and 54.00% for the next.
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 -67.06% over the past 5 years.
VERV Dividends
Verve Therapeutics 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.
Verve Therapeutics Inc (NASDAQ:VERV)’s Major holders
Insiders own 1.78% of the company shares, while shares held by institutions stand at 89.23% with a share float percentage of 90.84%. Investors are also buoyed by the number of investors in a company, with Verve Therapeutics Inc having a total of 241.0 institutions that hold shares in the company. The top two institutional holders are ALPHABET INC. with over 12.35 million shares worth more than $60.26 million. As of 2024-06-30, ALPHABET INC. held 14.8546% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $32.31 million and represent 7.9632% of shares outstanding.
