Veru Inc. (VERU) Reached A New High 2 times During The Past Five Days

As of Thursday close, Veru Inc.’s (NASDAQ:VERU) stock was up $0.87, moving up 10.66 percent to $9.03. The average number of shares traded per day over the past five days has been 14,131,820 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.22 fall in that time frame. In the last twenty days, the average volume was 26,131,195, while in the previous 50 days, it was 23,371,924.

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Since last month, VERU stock retreated -9.79%. Shares of the company fell to $6.80 on 05/12/22, the lowest level in the past month. A 52-week high of $17.50 was reached on 04/14/22 after having rallying from a 52-week low of $4.34. Since the beginning of this year, VERU’s stock price has risen by 53.31% or $3.14, and marked a new high 5 times. However, the stock has declined by -48.40% since its 52-week high.

Veru Inc. (VERU) last reported insider trading activity 269 days ago on Aug 17. Lu Lucy, the Director of the company, purchased of 4,800 shares for $6.78 on Aug 17. It resulted in a $32,542 investment by the insider. FISCH HARRY sold 100,000 shares at an average price of $8.35 on Jun 16. The insider now owns 764,025 shares following the transaction.

Valuation Metrics

The stock’s beta is -0.56. Besides these, the trailing price-to-sales (P/S) ratio of 13.00, the price-to-book (PB) ratio of 4.88.

The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07.

Financial Health

In the three months ended September 29, Veru Inc.’s quick ratio stood at 10.10, while its current ratio was 10.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.06, and the total debt-to-equity ratio was 0.09. On the profitability front, the trailing twelve-month gross margin is 80.50% percent. In the year ended September 29, operating margins totaled -18.50%. Based on annual data, VERU earned $47.93 million in gross profit and brought in $61.26 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.80%. Return on equity (ROE) for the past 12 months was -10.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VERU’s revenue fell -3.39% to $15.65 million during the quarter, while net income inched up to $14.14 million. While analysts expected Veru Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 44.40%. During the quarter, the company generated -$4.92 million in EBITDA. The liabilities of Veru Inc. were 24.16 million at the end of its most recent quarter ended September 29, and its total debt was $13.75 million. The value of shareholders’ equity is $80.05 million.

Technical Picture

This quick technical analysis looks at Veru Inc.’s (VERU) price momentum. With a historical volatility rate of 125.96%, the RSI 9-day stood at 46.30% on 12 May.

With respect to its five-day moving average, the current Veru Inc. price is down by -2.38% percent or -$0.22. At present, VERU shares trade -36.85% below its 20-day simple moving average and +42.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +60.39% above its SMA50 and +29.18% above its SMA200.

Stochastic coefficient K was 11.44% and Stochastic coefficient D was 5.75%, while ATR was 1.66. Given the Stochastic reading of 25.76% for the 14-day period, the RSI (14) reading has been calculated as 48.71%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -1.94.

With a median target price of $29.00, the current consensus forecast for the stock is $24.00 – $36.00. Based on these forecasts, analysts predict Veru Inc. (VERU) will achieve an average price target of $29.20.


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