In the last trading session, 1.28 million shares of the Verve Therapeutics Inc (NASDAQ:VERV) were traded, and its beta was 1.72. Most recently the company’s share price was $7.19, and it changed around $0.72 or 11.13% from the last close, which brings the market valuation of the company to $644.61M. VERV currently trades at a discount to its 52-week high of $19.34, offering almost -168.98% off that amount. The share price’s 52-week low was $4.30, which indicates that the current value has risen by an impressive 40.19% since then. We note from Verve Therapeutics Inc’s average daily trading volume that its 10-day average is 1.85 million shares, with the 3-month average coming to 1.42 million.
Verve Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.36. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended VERV as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
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Verve Therapeutics Inc (NASDAQ:VERV) trade information
Instantly VERV has showed a green trend with a performance of 11.13% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.66 on recent trading dayincreased the stock’s daily price by 6.14%. The company’s shares are currently down -48.42% year-to-date, but still up 0.42% over the last five days. On the other hand, Verve Therapeutics Inc (NASDAQ:VERV) is 13.05% up in the 30-day period. We can see from the shorts that 17.08 million shares have been sold at a short interest cover period of 12.66 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 48.64% from its current value. Analyst projections state that VERV is forecast to be at a low of $14 and a high of $14.
Verve Therapeutics Inc (VERV) estimates and forecasts
Verve Therapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 34.14 percent over the past six months and at a 20.19% annual growth rate that is well above the industry average of 16.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -67.06%.
VERV Dividends
Verve Therapeutics Inc’s next quarterly earnings report is expected to be released in January.
Verve Therapeutics Inc (NASDAQ:VERV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.29% of Verve Therapeutics Inc shares, and 97.82% of them are in the hands of institutional investors. The stock currently has a share float of 103.29%. Verve Therapeutics Inc stock is held by 256.0 institutions, with ALPHABET INC. being the largest institutional investor. By 2024-06-30, it held 14.8546% of the shares, which is about 12.35 million shares worth $60.26 million.
BLACKROCK INC., with 7.9632% or 6.62 million shares worth $32.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
