Closing Figures Unveiled: Verve Therapeutics Inc (VERV) Gain 0.40, Closes at 5.00

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Verve Therapeutics Inc (NASDAQ: VERV) closed the day trading at $5.00 up 0.40% from the previous closing price of $4.98. In other words, the price has increased by $0.40 from its previous closing price. On the day, 1.19 million shares were traded. VERV stock price reached its highest trading level at $5.09 during the session, while it also had its lowest trading level at $4.8.

Ratios:

For a better understanding of VERV, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 19.82 and its Current Ratio is at 19.82. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.11.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on April 08, 2024, initiated with a Buy rating and assigned the stock a target price of $15.

On April 13, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $29.

On February 01, 2023, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $21.Cantor Fitzgerald initiated its Neutral rating on February 01, 2023, with a $21 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 14 ’24 when Ashe Andrew D. bought 76,000 shares for $6.26 per share. The transaction valued at 475,760 led to the insider holds 342,509 shares of the business.

Nickerson Joan sold 1,514 shares of VERV for $12,475 on Apr 02 ’24. The Chief Administrative Officer now owns 8,659 shares after completing the transaction at $8.24 per share. On Nov 29 ’23, another insider, Dorval Allison, who serves as the Chief Financial Officer of the company, sold 554 shares for $11.45 each. As a result, the insider received 6,343 and left with 4,060 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VERV now has a Market Capitalization of 419827520 and an Enterprise Value of -112865536. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.16 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at -7.033 whereas that against EBITDA is 0.523.

Stock Price History:

The Beta on a monthly basis for VERV is 1.83, which has changed by -0.73711884 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, VERV has reached a high of $21.04, while it has fallen to a 52-week low of $4.59. The 50-Day Moving Average of the stock is -12.35%, while the 200-Day Moving Average is calculated to be -53.33%.

Shares Statistics:

Over the past 3-months, VERV traded about 1.53M shares per day on average, while over the past 10 days, VERV traded about 1754830 shares per day. A total of 81.97M shares are outstanding, with a floating share count of 63.94M. Insiders hold about 23.85% of the company’s shares, while institutions hold 81.68% stake in the company. Shares short for VERV as of 1718323200 were 17643596 with a Short Ratio of 11.53, compared to 1715731200 on 17591233. Therefore, it implies a Short% of Shares Outstanding of 17643596 and a Short% of Float of 25.129997999999997.

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