The stock of Veru Inc. (NASDAQ:VERU) decreased by -$0.1 on Tuesday to finish at $0.83, down -10.75 percent. The last five days have seen an average of 1,278,340 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$4.4535. The average number of shares traded over the last 20 days was 694,490, while the average volume over the last 50 days totaled 832,748.
VERU stock dropped -23.47% since last month. On 09/19/23, the company’s shares reached a one-month low of $0.8200. The stock touched a high of $15.90 on 01/24/23, after rallying from a low of $0.91 in 52 weeks. The price of VERU stock has declined by -84.35% or -$4.4535 this year, reaching a new high 8 times. Still, the stock price is down -94.80% from the 52-week high.
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Valuation Metrics
Beta for the stock is -0.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.03, the price-to-book (PB) ratio of 2.12.
Company paid $0.07 per share in dividends, remained unchanged from $0.07 last year.
Financial Health
For the three months ended June 29, Veru Inc.’s quick ratio was 1.30, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.27, and the total debt to equity ratio is 0.30. As far as profitability goes, gross margin for the trailing twelve months is 43.50% percent. Based on annual data, it had gross profit of $30.59 million and revenue of $39.35 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VERU’s return on assets (ROA) during the last 12 months has been -114.50%. There was a -91.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -243.80%.
Earnings Surprise
According to Veru Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.23 million, while revenues fell by -197.21% to $6.59 million. It was predicted that Veru Inc.’s quarterly earnings would be $0.07, but it ended up being -$0.2, beating the consensus by 135.00%. EBITDA was $4.93 million for the quarter. At the end of Veru Inc.’s most recent quarter ended June 29, its liabilities totaled 40.81 million, while its total debt was $15.7 million. Equity owned by shareholders amounts to $90.28 million.
Technical Picture
Here’s a quick look at Veru Inc.’s (VERU) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 20.32%, suggesting the stock is oversold, with a 66.61% historical volatility rate.
The stochastic %K and %D were 6.93% and 21.03% respectively, while the average true range (ATR) was 0.0575. Based on the 14-day stochastic reading of 2.32%, the RSI (14) reading is 26.24%. On the 9-day MACD Oscillator, the stock is at -0.0789, and the 14-day reading is at -0.1030.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Veru Inc. (NASDAQ: VERU) to a Hold. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Veru Inc. (VERU) an Buy rating. VERU is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is VERU’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $7.00, with a median target price of $4.50. In analyzing these forecasts, the average price target given by analysts for Veru Inc. (VERU) is $4.50.
