As of Wednesday close, Venus Concept Inc.’s (NASDAQ:VERO) stock was up $0.13, moving up 59.96 percent to $0.35. The average number of shares traded per day over the past five days has been 3,976,120 shares. 3 times new highs have been achieved over the past 5 days, with a $0.1373 gain in that time frame. In the last twenty days, the average volume was 1,222,580, while in the previous 50 days, it was 597,938.
Since last month, VERO stock rose 38.83%. Shares of the company fell to $0.1500 on 11/17/22, the lowest level in the past month. A 52-week high of $2.21 was reached on 01/18/22 after having rallying from a 52-week low of $0.15. Since the beginning of this year, VERO’s stock price has dropped by -79.41% or -$1.3500, and marked a new high 5 times. However, the stock has declined by -84.16% since its 52-week high.
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VERO stock investors should be aware that Venus Concept Inc. (VERO) stock had its last reported insider trading activity 4 days ago on Nov 21. PORTARO ROSS, the President Global Sales of the company, purchased of 60,000 shares for $0.22 on Nov 21. It resulted in a $13,200 investment by the insider. HOLLMIG STANLEY TYLER added 250,000 shares at an average price of $0.20 on Nov 18. The insider now owns 290,000 shares following the transaction. On Nov 18, President/Chief Bus. Officer Varghese Hemanth Jacob bought 250,000 shares at $0.20 apiece. The transaction was valued at $50,000.
The stock’s beta is 1.81. Besides these, the trailing price-to-sales (P/S) ratio of 0.19, the price-to-book (PB) ratio of 0.97.
In the three months ended September 29, Venus Concept Inc.’s quick ratio stood at 2.30, while its current ratio was 3.10, 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 3.40, and the total debt-to-equity ratio was 3.40. On the profitability front, the trailing twelve-month gross margin is 69.40% percent. In the year ended September 29, operating margins totaled -14.40%. Based on annual data, VERO earned $74.09 million in gross profit and brought in $105.62 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 -12.30%. Return on equity (ROE) for the past 12 months was -71.80%.
In Venus Concept Inc.’s quarter-end financial report for September 29, it reported total debt of $77.62 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VERO’s revenue fell -68.33% to $28.3 million during the quarter, while net income inched up to $14.59 million. While analysts expected Venus Concept Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by -46.70%. During the quarter, the company generated -$10.34 million in EBITDA. The liabilities of Venus Concept Inc. were 110.61 million at the end of its most recent quarter ended September 29, and its total debt was $78.48 million. The value of shareholders’ equity is $67.58 million.
This quick technical analysis looks at Venus Concept Inc.’s (VERO) price momentum. With a historical volatility rate of 288.58%, the RSI 9-day stood at 77.13% on 23 November.
With respect to its five-day moving average, the current Venus Concept Inc. price is up by +64.55% percent or $0.1373. At present, VERO shares trade +34.62% above its 20-day simple moving average and -26.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately -38.32% below its SMA50 and -76.97% below its SMA200.
Stochastic coefficient K was 70.37% and Stochastic coefficient D was 53.36%, while ATR was 0.0521. Given the Stochastic reading of 74.57% for the 14-day period, the RSI (14) reading has been calculated as 66.79%. As of today, the MACD Oscillator reading stands at 0.0367, while the 14-day reading stands at 0.0367.
Stifel launched its rating on Venus Concept Inc. (NASDAQ: VERO) to a Hold in a note to investors on December 09, 2020. Venus Concept Inc. (VERO) has been rated Buy by analysts. According to 0 brokerage firms, VERO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Venus Concept Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $0.75 – $4.75. Based on these forecasts, analysts predict Venus Concept Inc. (VERO) will achieve an average price target of $2.17.