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Verve Therapeutics Inc (VERV) – Don’t Be So Quick to Call it Dead

Verve Therapeutics Inc (NASDAQ: VERV) is -56.60% lower on its value in year-to-date trading and has touched a low of $4.59 and a high of $21.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VERV stock was last observed hovering at around $6.28 in the last trading session, with the day’s loss setting it -0.23%.

Currently trading at $6.05, the stock is 14.61% and 8.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -3.66% at the moment leaves the stock -42.54% off its SMA200. VERV registered -69.55% loss for a year compared to 6-month loss of -56.57%.

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The stock witnessed a 16.12% gain in the last 1 month and extending the period to 3 months gives it a -30.86%, and is 21.00% 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 9.47% over the week and 6.69% over the month.

Verve Therapeutics Inc (VERV) has around 255 employees, a market worth around $508.02M and $16.05M in sales. Profit margin for the company is -1226.43%. Distance from 52-week low is 31.95% and -71.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.44%).

The EPS is expected to grow by 14.10% this year

The shares outstanding are 81.97M, and float is at 65.20M with Short Float at 27.06%.

Verve Therapeutics Inc (VERV) Insider Activity

The most recent transaction is an insider purchase by Ashe Andrew D., the company’s. SEC filings show that Ashe Andrew D. bought 76,000 shares of the company’s common stock on May 14 ’24 at a price of $6.26 per share for a total of $0.48 million. Following the purchase, the insider now owns 0.34 million shares.

Verve Therapeutics Inc disclosed in a document filed with the SEC on Apr 02 ’24 that Nickerson Joan (Chief Administrative Officer) sold a total of 1,514 shares of the company’s common stock. The trade occurred on Apr 02 ’24 and was made at $8.24 per share for $12475.0. Following the transaction, the insider now directly holds 8659.0 shares of the VERV stock.

Still, SEC filings show that on Nov 29 ’23, Dorval Allison (Chief Financial Officer) disposed off 554 shares at an average price of $11.45 for $6343.0. The insider now directly holds 4,060 shares of Verve Therapeutics Inc (VERV).

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