Veru Inc (NASDAQ: VERU) on Friday, plunged -5.59% from the previous trading day, before settling in for the closing price of $0.89. Within the past 52 weeks, VERU’s price has moved between $0.36 and $1.92.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 16.77%. The company achieved an average annual earnings per share of 75.82%. With a float of $125.96 million, this company’s outstanding shares have now reached $146.38 million.
Veru Inc (VERU) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Veru Inc is 13.95%, while institutional ownership is 37.43%. The most recent insider transaction that took place on May 24 ’24, was worth 6,696. In this transaction Chief Scientific Officer of this company bought 5,000 shares at a rate of $1.34, taking the stock ownership to the 5,000 shares. Before that another transaction happened on May 24 ’24, when Company’s Chief Corporate Officer bought 4,000 for $1.25, making the entire transaction worth $5,000. This insider now owns 774,736 shares in total.
Veru Inc (VERU) Latest Financial update
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.07 earnings per share (EPS) for the period topping the consensus outlook (set at -0.2) by 0.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 75.82% per share during the next fiscal year.
Veru Inc (NASDAQ: VERU) Trading Performance Indicators
Veru Inc (VERU) is currently performing well based on its current performance indicators. A quick ratio of 4.22 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.30 in one year’s time.
Technical Analysis of Veru Inc (VERU)
The latest stats from [Veru Inc, VERU] show that its last 5-days average volume of 0.61 million was inferior to 2.16 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.10%. Additionally, its Average True Range was 0.07.
During the past 100 days, Veru Inc’s (VERU) raw stochastic average was set at 21.70%, which indicates a significant increase from 3.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.32% in the past 14 days, which was lower than the 116.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9347, while its 200-day Moving Average is $0.8731. Now, the first resistance to watch is $0.8762. This is followed by the second major resistance level at $0.9131. The third major resistance level sits at $0.9361. If the price goes on to break the first support level at $0.8163, it is likely to go to the next support level at $0.7933. The third support level lies at $0.7564 if the price breaches the second support level.
Veru Inc (NASDAQ: VERU) Key Stats
Market capitalization of the company is 122.87 million based on 146,384K outstanding shares. Right now, sales total 16,300 K and income totals -93,090 K. The company made 4,140 K in profit during its latest quarter, and -10,030 K in sales during its previous quarter.
