Veru Inc. (NASDAQ:VERU) finished Friday with an addition of $0.05 to close at $1.14, an upside of 4.59 percent. An average of 1,074,920 shares of common stock have been traded in the last five days. There was a fall of -$0.0100 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 994,850 shares traded, while the 50-day average volume stands at 1,298,800.
VERU stock has decreased by -9.52% in the last month. The company shares reached their 1-month lowest point of $1.0500 on 08/10/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $0.93 and a high of $24.55 in 52 weeks. It has reached a new high 8 times so far this year and lost -78.41% or -$4.1400 in price. In spite of this, the price is down -95.36% from the 52-week high.
Insider Transactions
VERU stock investors should be aware that Veru Inc. (VERU) stock had its last reported insider trading activity 362 days ago on Aug 15.
Valuation Metrics
Veru Inc. (VERU) stock’s beta is -0.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.86, the price-to-book (PB) ratio at 5.43.
Financial Health
The quick ratio of Veru Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Veru Inc.’s EBITDA margin for the year ending June 29 is -209.43%. Its gross profit as reported stood at $30.59 million compared to revenue of $39.35 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Veru Inc.’s return on assets was -118.00%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $6.31 million in the quarter, while revenues of -$38.79 million were grew 451.82%. The analyst consensus anticipated Veru Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.13, a 35.00% surprise. For the quarter, EBITDA amounted to $4.93 million. At the end of the quarter ending June 29, Veru Inc.’s stock balance sheet showed total liabilities of 40.81 million. Shareholders own equity worth $90.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Veru Inc. (VERU) price momentum. RSI 9-day as of the close on 11 August was 44.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.94%.
As of today, VERU’s price is $1.1060 -0.87% or -$0.0100 from its 5-day moving average. VERU is currently trading -6.56% lower than its 20-day SMA and -33.91% lower than its 100-day SMA. However, the stock’s current price level is +15.15% above the SMA50 and -89.80% below the SMA200.
The stochastic %K and %D were 19.28% and 12.83%, respectively, and the average true range (ATR) was 0.0723. With the 14-day stochastic at 36.00% and the average true range at 0.0770, the RSI (14) stands at 45.14%. The stock has reached -0.0322 on the 9-day MACD Oscillator while the 14-day reading was at -0.0620.
Analyst Ratings
Jefferies upgraded Veru Inc. (NASDAQ: VERU) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Veru Inc. (VERU) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VERU, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is VERU’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $9.00, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Veru Inc. (VERU) stock is $4.00.
