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The closing price of Verve Therapeutics Inc (NASDAQ: VERV) was $5.99 for the day, up 0.84% from the previous closing price of $5.94. In other words, the price has increased by $0.84 from its previous closing price. On the day, 1.28 million shares were traded. VERV stock price reached its highest trading level at $6.18 during the session, while it also had its lowest trading level at $5.88.
Ratios:
Our analysis of VERV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 14.64 and its Current Ratio is at 14.64. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 506900704 and an Enterprise Value of 3428928. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.55 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 0.166 whereas that against EBITDA is -0.016.
Stock Price History:
Over the past 52 weeks, VERV has reached a high of $20.12, while it has fallen to a 52-week low of $4.30. The 50-Day Moving Average of the stock is 11.99%, while the 200-Day Moving Average is calculated to be -23.47%.
Shares Statistics:
VERV traded an average of 1.33M shares per day over the past three months and 1013060 shares per day over the past ten days. A total of 81.97M shares are outstanding, with a floating share count of 62.47M. Insiders hold about 26.18% of the company’s shares, while institutions hold 70.15% stake in the company. Shares short for VERV as of 1728950400 were 17439717 with a Short Ratio of 13.13, compared to 1726185600 on 15868915. Therefore, it implies a Short% of Shares Outstanding of 17439717 and a Short% of Float of 24.6.
