Vericel Corp (NASDAQ: VCEL) is 46.08% higher on its value in year-to-date trading and has touched a low of $28.02 and a high of $52.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VCEL stock was last observed hovering at around $52.33 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $52.02, the stock is 13.61% and 14.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.47 million and changing -0.59% at the moment leaves the stock 38.77% off its SMA200. VCEL registered 84.73% gain for a year compared to 6-month gain of 46.45%. The firm has a 50-day simple moving average (SMA 50) of $12.63 and a 200-day simple moving average (SMA200) of $870.90.
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The stock witnessed a 8.83% loss in the last 1 month and extending the period to 3 months gives it a 47.03%, and is 11.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.27% over the week and 3.47% over the month.
Vericel Corp (VCEL) has around 314 employees, a market worth around $2.51B and $197.52M in sales. Fwd P/E is 106.89. Profit margin for the company is -1.61%. Distance from 52-week low is 85.65% and -0.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.03%).
Vericel Corp quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $49.07M over the same period.The EPS is expected to grow by 214.29% this year, but quarterly earnings will post 21.10% year-over-year. Quarterly sales are estimated to grow 29.60% in year-over-year returns.
328 institutions hold shares in Vericel Corp (VCEL), with institutional investors hold 111.69% of the company’s shares. The shares outstanding are 48.29M, and float is at 47.91M with Short Float at 4.95%. Institutions hold 110.76% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.63 million shares valued at $286.76 million. The investor’s holdings represent 16.02% of the VCEL Shares outstanding. As of Jun 29, 2023, the second largest holder is Brown Capital Management, LLC with 6.92 million shares valued at $260.01 million to account for 14.53% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 3.33 million shares representing 6.99% and valued at over $125.08 million, while RTW Investments LP holds 6.91% of the shares totaling 3.29 million with a market value of $123.68 million.
Vericel Corp (VCEL) Insider Activity
The most recent transaction is an insider sale by Colangelo Dominick, the company’s President and CEO. SEC filings show that Colangelo Dominick sold 17,500 shares of the company’s common stock on Mar 14 ’24 at a price of $44.02 per share for a total of $0.77 million. Following the sale, the insider now owns 0.19 million shares.
Vericel Corp disclosed in a document filed with the SEC on Mar 13 ’24 that Colangelo Dominick (President and CEO) sold a total of 17,500 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $44.67 per share for $0.78 million. Following the transaction, the insider now directly holds 0.19 million shares of the VCEL stock.
Still, SEC filings show that on Mar 11 ’24, Halpin Michael (Chief Operating Officer) disposed off 7,874 shares at an average price of $44.71 for $0.35 million. The insider now directly holds 949 shares of Vericel Corp (VCEL).
