Weekly Performance Analysis for Veru Inc. (VERU)

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Veru Inc. (NASDAQ:VERU) saw a downside of -5.34% to $5.93 after subtracting -$0.34 on Wednesday. The 5-day average trading volume is 1,324,758 shares of the company’s common stock. It has gained $6.57 in the past week and touched a new high 3 times within the past 5 days. An average of 1,657,524 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,765,358.

VERU’s 1-month performance is 22.70% or $0.88 on its low of $4.71 reached on 12/27/22. The company’s shares have touched a 52-week low of $4.34 and high of $24.55, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, VERU has achieved 18.75% or $0.64 and has reached a new high 8 times. However, the current price is down -75.82% from the 52-week high price.

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Insider Transactions

VERU stock investors last saw insider trading activity on Aug 15.Eisenberger Mario (Director) most recently sold 100,000 shares at $20.04 per share on Aug 15. This transaction cost the insider $2,003,550.

Valuation Metrics

VERU stock has a beta of -0.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.27 while the price-to-book (PB) in the most recent quarter is 6.21.

Veru Inc.’s quick ratio for the period ended September 29 was 2.30, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.12, while the total debt to equity was 0.13. In terms of profitability, the gross margin trailing 12 months is 77.70%. The firm’s gross profit as reported stood at $30.59 million against revenue of $39.35 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 89.54% to -$41.02 million, while revenue of -$22.2 million was 45.88% off the previous quarter. Analysts expected VERU to announce -$0.3 per share in earnings in its latest quarter, but it posted -$0.51, representing a -70.00% surprise. EBITDA for the quarter stood at more than -$44.61 million. VERU stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 55.29 million, with total debt at $15.88 million. Shareholders hold equity totaling $80.62 million.

Let’s look briefly at Veru Inc. (VERU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 50.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.17%.

The stock’s 5-day moving average is $6.20, reflecting a -4.59% or -$0.28 change from its current price. VERU is currently trading +17.33% above its 20-day SMA, -60.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.99% and SMA200 by+28.52%.

Stochastic %K and %D was 70.98% and 78.90% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 49.97%, while the 14-day stochastic is at 53.09% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.06 and 0.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Veru Inc. (NASDAQ: VERU), Jefferies launched coverage with a Buy rating. Analysts offering their rating for VERU stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate VERU as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is VERU’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $3.00 and a high of $22.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Veru Inc. (VERU) stock is $15.75.

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