Verrica Pharmaceuticals Inc (NASDAQ:VRCA)’s traded shares stood at 1.11 million during the last session, with the company’s beta value hitting 1.40. At the close of trading, the stock’s price was $1.06, to imply a decrease of -10.92% or -$0.13 in intraday trading. The VRCA share’s 52-week high remains $11.41, putting it -976.42% down since that peak but still an impressive 33.96% since price per share fell to its 52-week low of $0.70. The company has a valuation of $96.00M, with an average of 1.0 million shares in intraday trading volume over the past 10 days and average of 879.92K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Verrica Pharmaceuticals Inc (VRCA), translating to a mean rating of 2.60. Of 4 analyst(s) looking at the stock, 0 analyst(s) give VRCA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.3.
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Verrica Pharmaceuticals Inc (NASDAQ:VRCA) trade information
After registering a -10.92% downside in the last session, Verrica Pharmaceuticals Inc (VRCA) has traded red over the past five days. The 5-day price performance for the stock is -14.52%, and 32.92% over 30 days. With these gigs, the year-to-date price performance is -85.52%. Short interest in Verrica Pharmaceuticals Inc (NASDAQ:VRCA) saw shorts transact 4.51 million shares and set a 6.33 days time to cover.
The extremes give us $10 and $14 for target low and target high price respectively. As such, VRCA has been trading -1220.75% off suggested target high and -843.4% from its likely low.
Verrica Pharmaceuticals Inc (VRCA) estimates and forecasts
Looking at statistics comparing Verrica Pharmaceuticals Inc share performance against respective industry, we note that the company has underperformed competitors. Verrica Pharmaceuticals Inc (VRCA) shares are -87.93% down over the last 6 months, with its year-to-date growth rate lower than industry average at -24.56% against 16.70%. The rating firms project that company’s revenue will grow 51.13% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 710.33k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 2.11M.Earnings reports from the last fiscal year show that sales brought in 1.99M and 3.83M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -64.27% before dropping -44.89% in the following quarter.
VRCA Dividends
Verrica Pharmaceuticals Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Verrica Pharmaceuticals Inc (NASDAQ:VRCA)’s Major holders
Verrica Pharmaceuticals Inc insiders hold 43.73% of total outstanding shares, with institutional holders owning 16.50% of the shares at 29.32% float percentage. In total, 16.50% institutions holds shares in the company, led by PERCEPTIVE ADVISORS LLC. As of 2024-06-30, the company held over 7.1 million shares (or 15.2724% of shares), all amounting to roughly $51.75 million.
The next major institution holding the largest number of shares is AVORO CAPITAL ADVISORS LLC with 4.0 million shares, or about 8.6052% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $29.16 million.
