Gaining Ground: Vera Therapeutics Inc (VERA) Closes Lower at 38.00, Down -3.75

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The price of Vera Therapeutics Inc (NASDAQ: VERA) closed at $38.00 in the last session, down -3.75% from day before closing price of $39.48. In other words, the price has decreased by -$3.75 from its previous closing price. On the day, 1.38 million shares were traded. VERA stock price reached its highest trading level at $40.34 during the session, while it also had its lowest trading level at $36.335.

Ratios:

We take a closer look at VERA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.42 and its Current Ratio is at 7.42. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.50.

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, Oppenheimer on January 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $26.

On December 18, 2023, Raymond James started tracking the stock assigning a Outperform rating and target price of $29.Raymond James initiated its Outperform rating on December 18, 2023, with a $29 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 10 ’24 when Young Joseph R sold 5,714 shares for $40.00 per share. The transaction valued at 228,560 led to the insider holds 53,171 shares of the business.

Grant Sean sold 99,828 shares of VERA for $3,954,516 on Apr 03 ’24. The CHIEF FINANCIAL OFFICER now owns 66,337 shares after completing the transaction at $39.61 per share. On Apr 03 ’24, another insider, Grant Sean, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 18,649 shares for $39.42 each. As a result, the insider received 735,205 and left with 0 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, VERA now has a Market Capitalization of 2069176064 and an Enterprise Value of 1962169088.

Stock Price History:

Over the past 52 weeks, VERA has reached a high of $50.78, while it has fallen to a 52-week low of $6.07. The 50-Day Moving Average of the stock is -12.60%, while the 200-Day Moving Average is calculated to be 64.49%.

Shares Statistics:

According to the various share statistics, VERA traded on average about 1.42M shares per day over the past 3-months and 1657470 shares per day over the past 10 days. A total of 44.45M shares are outstanding, with a floating share count of 39.26M. Insiders hold about 26.90% of the company’s shares, while institutions hold 61.47% stake in the company. Shares short for VERA as of 1711584000 were 6329936 with a Short Ratio of 4.44, compared to 1709164800 on 6199075. Therefore, it implies a Short% of Shares Outstanding of 6329936 and a Short% of Float of 17.2.

Earnings Estimates

Its stock is currently analyzed by VERS different market analysts.

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