Veru Inc (NASDAQ:VERU) has a beta value of -0.35 and has seen 6.24 million shares traded in the last trading session. The company, currently valued at $177.12M, closed the last trade at $1.21 per share which meant it lost -$0.07 on the day or -5.47% during that session. The VERU stock price is -58.68% off its 52-week high price of $1.92 and 70.25% above the 52-week low of $0.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.95 million shares traded. The 3-month trading volume is 1.59 million shares.
The consensus among analysts is that Veru Inc (VERU) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
Veru Inc (NASDAQ:VERU) trade information
Sporting -5.47% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VERU stock price touched $1.21 or saw a rise of 14.79%. Year-to-date, Veru Inc shares have moved 86.01%, while the 5-day performance has seen it change 43.42%. Over the past 30 days, the shares of Veru Inc (NASDAQ:VERU) have changed 86.41%. Short interest in the company has seen 12.7 million shares shorted with days to cover at 13.35.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 69.75% from current levels. The projected low price target is $3.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -313.22% off the targeted high while a plunge would see the stock gain -147.93% from current levels.
Veru Inc (VERU) estimates and forecasts
Figures show that Veru Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 27.87% over the past 6 months, with this year growth rate of 10.34%, compared to 11.80% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.11% over the past 5 years. Earnings growth for 2025 is a modest 6.71% while over the next 5 years, the company’s earnings are expected to decrease by -7.91%.
VERU Dividends
Veru Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Veru Inc (NASDAQ:VERU)’s Major holders
Insiders own 14.10% of the company shares, while shares held by institutions stand at 42.04% with a share float percentage of 48.94%. Investors are also buoyed by the number of investors in a company, with Veru Inc having a total of 137.0 institutions that hold shares in the company. The top two institutional holders are ADAGE CAPITAL PARTNERS GP, L.L.C. with over 7.86 million shares worth more than $6.61 million. As of 2024-06-30, ADAGE CAPITAL PARTNERS GP, L.L.C. held 5.3703% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 7.65 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.44 million and represent 5.2267% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.66% shares in the company for having 3.89 shares of worth $4.71 million while later fund manager owns 3.26 shares of worth $3.95 million as of Oct 31, 2024 , which makes it owner of about 2.23% of company’s outstanding stock.
