Veru Inc (NASDAQ: VERU) is -11.90% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $1.92 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 VERU stock was last observed hovering at around $0.56 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.57, the stock is -23.75% and -20.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing 3.19% at the moment leaves the stock -34.46% off its SMA200. VERU registered 30.25% gain for a year compared to 6-month loss of -29.26%. The firm has a 50-day simple moving average (SMA 50) of $0.7256 and a 200-day simple moving average (SMA200) of $0.87775.
The stock witnessed a -21.06% gain in the last 1 month and extending the period to 3 months gives it a -22.90%, and is -3.84% down 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 9.51% over the week and 15.62% over the month.
Veru Inc (VERU) has around 210 employees, a market worth around $83.89M and $16.89M in sales. Profit margin for the company is -223.86%. Distance from 52-week low is 58.67% and -70.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-85.74%).
The EPS is expected to grow by 7.14% this year.
Veru Inc (VERU) Top Institutional Holders
The shares outstanding are 146.38M, and float is at 125.70M with Short Float at 10.18%.
The top institutional shareholder in the company is ADAGE CAPITAL PARTNERS GP, L.L.C. with over 7.86 million shares valued at $6.61 million. The investor’s holdings represent 5.3703% of the VERU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.65 million shares valued at $6.44 million to account for 5.2267 of the shares outstanding. The other top investors are PERCEPTIVE ADVISORS LLC which holds 7.06 million shares representing 4.8253% and valued at over $5.94 million, while VANGUARD GROUP INC holds 4.1758 of the shares totaling 6.11 million with a market value of $5.14 million.
Veru Inc (VERU) Insider Activity
The most recent transaction is an insider purchase by FISCH HARRY, the company’s Chief Corporate Officer. SEC filings show that FISCH HARRY bought 4,000 shares of the company’s common stock on May 24 ’24 at a price of $1.25 per share for a total of $5000.0. Following the purchase, the insider now owns 0.77 million shares.
Veru Inc disclosed in a document filed with the SEC on May 24 ’24 that BARNETTE K GARY (Chief Scientific Officer) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $1.34 per share for $6696.0. Following the transaction, the insider now directly holds 5000.0 shares of the VERU stock.
Still, SEC filings show that on May 24 ’24, STEINER MITCHELL SHUSTER (President and CEO) disposed off 63,379 shares at an average price of $1.23 for $78102.0. The insider now directly holds 6,942,709 shares of Veru Inc (VERU).
