In the last trading session, 1.22 million Verrica Pharmaceuticals Inc (NASDAQ:VRCA) shares changed hands as the company’s beta touched 1.33. With the company’s per share price at $0.96 changed hands at $0.13 or 15.91% during last session, the market valuation stood at $51.68M. VRCA’s last price was a discount, traded about -1088.54% off its 52-week high of $11.41. The share price had its 52-week low at $0.70, which suggests the last value was 27.08% up since then. When we look at Verrica Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 1.08 million shares, with the 3-month average coming to 1.09 million.
Analysts gave the Verrica Pharmaceuticals Inc (VRCA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VRCA as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Verrica Pharmaceuticals Inc’s EPS for the current quarter is expected to be -0.31.
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Verrica Pharmaceuticals Inc (NASDAQ:VRCA) trade information
Instantly VRCA was in green as seen at the end of in last trading. With action -32.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -86.86%, with the 5-day performance at -32.73% in the red. However, in the 30-day time frame, Verrica Pharmaceuticals Inc (NASDAQ:VRCA) is -28.22% down. Looking at the short shares, we see there were 4.53 million shares sold at short interest cover period of 4.13 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 92.0% from its current market value. According to analyst projections, VRCA’s forecast low is 10 with 14 as the target high. To hit the forecast high, the stock’s price needs a -1358.33% plunge from its current level, while the stock would need to soar -941.67% for it to hit the projected low.
Verrica Pharmaceuticals Inc (VRCA) estimates and forecasts
Data shows that the Verrica Pharmaceuticals Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -89.94% over the past 6 months, a -24.56% in annual growth rate that is considerably lower than the industry average of 18.20%. Year-over-year growth is forecast to reach 119.00% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 2.24M. 2 analysts are of the opinion that Verrica Pharmaceuticals Inc’s revenue for the current quarter will be 2.11M. The company’s revenue for the corresponding quarters a year ago was 1.99M and 2.78M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.70%. The estimates for the next quarter sales put growth at -24.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.97%. The 2024 estimates are for Verrica Pharmaceuticals Inc earnings to decrease by -1.16%.
VRCA Dividends
Verrica Pharmaceuticals Inc is expected to release its next quarterly earnings report in December.
Verrica Pharmaceuticals Inc (NASDAQ:VRCA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.06% of Verrica Pharmaceuticals Inc shares while 40.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.78%. There are 40.62% institutions holding the Verrica Pharmaceuticals Inc stock share, with PERCEPTIVE ADVISORS LLC the top institutional holder. As of 2024-06-30, the company held 15.2724% of the shares, roughly 7.1 million VRCA shares worth $51.75 million.
AVORO CAPITAL ADVISORS LLC holds the second largest percentage of outstanding shares, with 8.6052% or 4.0 million shares worth $29.16 million as of 2024-06-30.
