As of Friday close, Veru Inc.’s (NASDAQ:VERU) stock was up $0.05, moving up 4.85 percent to $1.08. The average number of shares traded per day over the past five days has been 677,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0600 fall in that time frame. In the last twenty days, the average volume was 847,790, while in the previous 50 days, it was 1,186,048.
Since last month, VERU stock retreated -18.80%. Shares of the company fell to $1.0200 on 08/17/23, the lowest level in the past month. A 52-week high of $23.67 was reached on 01/24/23 after having rallying from a 52-week low of $0.93. Since the beginning of this year, VERU’s stock price has dropped by -79.55% or -$4.2000, and marked a new high 8 times. However, the stock has declined by -95.44% since its 52-week high.
Valuation Metrics
The stock’s beta is -0.06. Besides these, the trailing price-to-sales (P/S) ratio of 4.33, the price-to-book (PB) ratio of 5.14.
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 June 29, Veru Inc.’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.62, and the total debt-to-equity ratio was 0.70. On the profitability front, the trailing twelve-month gross margin is 58.10% percent. Based on annual data, VERU earned $30.59 million in gross profit and brought in $39.35 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 -91.00%. Return on equity (ROE) for the past 12 months was -173.40%.
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 -197.21% to $6.59 million during the quarter, while net income inched up to $3.23 million. While analysts expected Veru Inc. to report -$0.2 quarterly earnings, the actual figure was $0.07 per share, beating the consensus estimate by 135.00%. During the quarter, the company generated $4.93 million in EBITDA. The liabilities of Veru Inc. were 40.81 million at the end of its most recent quarter ended June 29, and its total debt was $15.7 million. The value of shareholders’ equity is $90.28 million.
Technical Picture
This quick technical analysis looks at Veru Inc.’s (VERU) price momentum. With a historical volatility rate of 51.09%, the RSI 9-day stood at 40.34% on 18 August.
With respect to its five-day moving average, the current Veru Inc. price is down by -5.26% percent or -$0.0600. At present, VERU shares trade -16.28% below its 20-day simple moving average and -15.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.48% below its SMA50 and -91.15% below its SMA200.
Stochastic coefficient K was 13.89% and Stochastic coefficient D was 17.91%, while ATR was 0.0707. Given the Stochastic reading of 26.09% for the 14-day period, the RSI (14) reading has been calculated as 41.53%. As of today, the MACD Oscillator reading stands at -0.0311, while the 14-day reading stands at -0.0560.
Analyst Ratings
Jefferies upgraded its rating on Veru Inc. (NASDAQ: VERU) to a Hold in a note to investors on June 07, 2023. The analysts firm previously had an Underperform rating on the stock.Veru Inc. (VERU) has been rated Overweight by analysts. According to 0 brokerage firms, VERU is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Veru Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $1.00 – $7.00. Based on these forecasts, analysts predict Veru Inc. (VERU) will achieve an average price target of $3.33.
