Veru Inc (NASDAQ:VERU) saw a downside of -8.31% to close Friday at $0.87 after subtracting -$0.08 on the day. The 5-day average trading volume is 1,512,060 shares of the company’s common stock. It has gained $0.9900 in the past week and touched a new high 1 time within the past 5 days. An average of 816,805 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 848,120.
VERU’s 1-month performance is -16.64% or -$0.1831 on its low of $0.7802 reached on 09/20/23. The company’s shares have touched a 52-week low of $0.78 and high of $15.90, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, VERU has lost -83.58% or -$4.4131 and has reached a new high 8 times. However, the current price is down -94.55% from the 52-week high price.
Valuation Metrics
VERU stock has a beta of -0.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.21 while the price-to-book (PB) in the most recent quarter is 2.25.
Veru Inc’s quick ratio for the period ended June 29 was 1.33, with the current ratio over the same period at 1.56. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.38, while the total debt to equity was 0.44. In terms of profitability, the gross margin trailing 12 months is 42.99%. The trailing 12-month EBITDA margin is -209.43% while for the period ending June 29, Veru Inc’s operating margin was -854.50%. 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 June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 451.82% to $6.31 million, while revenue of -$38.79 million was 714.74% off the previous quarter. Analysts expected VERU to announce -$0.2 per share in earnings in its latest quarter, but it posted $0.07, representing a 135.00% surprise. EBITDA for the quarter stood at more than $4.93 million. VERU stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 40.81 million, with total debt at $15.7 million. Shareholders hold equity totaling $90.28 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 22 September was 34.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 102.83%.
The stock’s 5-day moving average is $0.8965, reflecting a -13.30% or -$0.1330 change from its current price. VERU is currently trading -15.83% above its 20-day SMA, -35.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.20% and SMA200 by-85.10%.
Stochastic %K and %D was 41.57% and 30.88% and the average true range (ATR) pointed at 0.0754. The RSI (14) points at 36.08%, while the 14-day stochastic is at 27.99% with the period’s ATR at 0.0696. The stock’s 9-day MACD Oscillator is pointing at -0.0425 and -0.0784 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Veru Inc (NASDAQ: VERU), Jefferies upgraded it to a Hold rating. They previously had an Underperform rating on the stock. Analysts offering their rating for VERU stock have a consensus rating for the stock as Buy. Currently, 0 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 2 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 $2.00 and a high of $7.00, with their median price target at $4.50. Looking at these predictions, the average price target given by analysts is for Veru Inc (VERU) stock is $4.50.
