In the latest trading session, 0.85 million Veru Inc (NASDAQ:VERU) shares changed hands as the company’s beta touched -0.49. With the company’s most recent per share price at $0.67 changed hands at -$0.05 or -7.67% at last look, the market valuation stands at $97.64M. VERU’s current price is a discount, trading about -186.57% off its 52-week high of $1.92. The share price had its 52-week low at $0.36, which suggests the last value was 46.27% up since then. When we look at Veru Inc’s average trading volume, we note the 10-day average is 0.83 million shares, with the 3-month average coming to 624.60K.

Analysts gave the Veru Inc (VERU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended VERU as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Veru Inc’s EPS for the current quarter is expected to be -0.07.

Veru Inc (NASDAQ:VERU) trade information

Instantly VERU was in red as seen in intraday trades today. With action -10.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.36%, with the 5-day performance at -10.01% in the red. However, in the 30-day time frame, Veru Inc (NASDAQ:VERU) is -28.46% down. Looking at the short shares, we see there were 12.54 million shares sold at short interest cover period of 20.88 days.

The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 83.25% from its recent market value. According to analyst projections, VERU’s forecast low is 3 with 5 as the target high. To hit the forecast high, the stock’s price needs a -646.27% plunge from its current level, while the stock would need to soar -347.76% for it to hit the projected low.

Veru Inc (VERU) estimates and forecasts

Data shows that the Veru Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -54.63% over the past 6 months, a 73.21% in annual growth rate that is considerably higher than the industry average of 14.10%. Year-over-year growth is forecast to reach -15.40% down 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 3.56M. 4 analysts are of the opinion that Veru Inc’s revenue for the current quarter will be 3.17M. The company’s revenue for the corresponding quarters a year ago was 3.86M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.79%. The 2024 estimates are for Veru Inc earnings to increase by 72.91%.

VERU Dividends

Veru Inc is expected to release its next quarterly earnings report on 2024-Dec-05. During the past 5 years, the average dividend yield was 3.71 per year.

Veru Inc (NASDAQ:VERU)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 14.10% of Veru Inc shares while 42.91% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.96%. There are 42.91% institutions holding the Veru Inc stock share, with ADAGE CAPITAL PARTNERS GP, L.L.C. the top institutional holder. As of 2024-06-30, the company held 5.3703% of the shares, roughly 7.86 million VERU shares worth $6.61 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.2267% or 7.65 million shares worth $6.44 million as of 2024-06-30.