In the last trading session, 6.56 million shares of the Veru Inc (NASDAQ:VERU) were traded, and its beta was -0.50. Most recently the company’s share price was $1.09, and it changed around $0.11 or 11.75% from the last close, which brings the market valuation of the company to $159.56M. VERU currently trades at a discount to its 52-week high of $1.92, offering almost -76.15% off that amount. The share price’s 52-week low was $0.36, which indicates that the current value has risen by an impressive 66.97% since then. We note from Veru Inc’s average daily trading volume that its 10-day average is 2.46 million shares, with the 3-month average coming to 1.39 million.
Veru Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended VERU as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Veru Inc (NASDAQ:VERU) trade information
Instantly VERU has showed a green trend with a performance of 11.75% 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 1.1800 on recent trading dayincreased the stock’s daily price by 7.63%. The company’s shares are currently up 67.56% year-to-date, but still up 43.01% over the last five days. On the other hand, Veru Inc (NASDAQ:VERU) is 52.81% up in the 30-day period. We can see from the shorts that 12.7 million shares have been sold at a short interest cover period of 13.35 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 72.75% from its current value. Analyst projections state that VERU is forecast to be at a low of $3 and a high of $5.
Veru Inc (VERU) estimates and forecasts
Veru Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.62 percent over the past six months and at a 10.34% annual growth rate that is well below the industry average of 11.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.11%.
VERU Dividends
Veru Inc’s next quarterly earnings report is expected to be released in February. The average dividend yield for the past five years averaged 3.71 per year.
Veru Inc (NASDAQ:VERU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.10% of Veru Inc shares, and 42.04% of them are in the hands of institutional investors. The stock currently has a share float of 48.94%. Veru Inc stock is held by 137.0 institutions, with ADAGE CAPITAL PARTNERS GP, L.L.C. being the largest institutional investor. By 2024-06-30, it held 5.3703% of the shares, which is about 7.86 million shares worth $6.61 million.
BLACKROCK INC., with 5.2267% or 7.65 million shares worth $6.44 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 3.89 shares worth $4.24 million, making up 2.66% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.26 shares worth around $3.56 million, which represents about 2.23% of the total shares outstanding.
