Veru Inc (NASDAQ: VERU) on Tuesday, plunged -4.84% from the previous trading day, before settling in for the closing price of $0.84. Within the past 52 weeks, VERU’s price has moved between $0.36 and $1.92.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -4.15%. The company achieved an average annual earnings per share of 72.91%. With a float of $125.73 million, this company’s outstanding shares have now reached $146.38 million.
In terms of profitability, gross margin is 33.41%, operating margin of -378.3%, and the pretax margin is -370.49%.
Veru Inc (VERU) Insider Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Veru Inc is 14.11%, while institutional ownership is 41.75%. The most recent insider transaction that took place on May 24 ’24, was worth 5,000. In this transaction Chief Corporate Officer of this company bought 4,000 shares at a rate of $1.25, taking the stock ownership to the 774,736 shares. Before that another transaction happened on May 24 ’24, when Company’s Chief Scientific Officer bought 5,000 for $1.34, making the entire transaction worth $6,696. This insider now owns 5,000 shares in total.
Veru Inc (VERU) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.12 earnings per share (EPS) for the period topping the consensus outlook (set at -0.23) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 72.91% 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 3.16 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 8.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.29 in one year’s time.
Technical Analysis of Veru Inc (VERU)
Compared to the last year’s volume of 1.7 million, its volume of 1.13 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.72%. Additionally, its Average True Range was 0.06.
During the past 100 days, Veru Inc’s (VERU) raw stochastic average was set at 16.73%, which indicates a significant increase from 4.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.71% in the past 14 days, which was higher than the 64.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8329, while its 200-day Moving Average is $0.8657. Nevertheless, the first resistance level for the watch stands at $0.8296 in the near term. At $0.8598, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.8796. If the price goes on to break the first support level at $0.7796, it is likely to go to the next support level at $0.7598. Should the price break the second support level, the third support level stands at $0.7296.
Veru Inc (NASDAQ: VERU) Key Stats
Market capitalization of the company is 117.02 million based on 146,384K outstanding shares. Right now, sales total 16,300 K and income totals -93,090 K. The company made 3,950 K in profit during its latest quarter, and -10,970 K in sales during its previous quarter.
