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The closing price of Vera Therapeutics Inc (NASDAQ: VERA) was $38.98 for the day, up 1.25% from the previous closing price of $38.50. In other words, the price has increased by $1.25 from its previous closing price. On the day, 0.59 million shares were traded. VERA stock price reached its highest trading level at $39.28 during the session, while it also had its lowest trading level at $37.15.
Ratios:
Our analysis of VERA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 28.05 and its Current Ratio is at 28.05. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.
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:
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 16 ’24 when Young Joseph R sold 20,651 shares for $42.32 per share. The transaction valued at 873,890 led to the insider holds 51,206 shares of the business.
Young Joseph R sold 10,186 shares of VERA for $430,546 on May 15 ’24. The SVP, FINANCE, CHIEF ACCT OFFCR now owns 51,206 shares after completing the transaction at $42.27 per share. On Apr 10 ’24, another insider, Young Joseph R, who serves as the SVP, FINANCE, CHIEF ACCT OFFCR of the company, sold 5,714 shares for $40.00 each. As a result, the insider received 228,560 and left with 53,171 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 2132252800 and an Enterprise Value of 1781849472.
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 $7.73. The 50-Day Moving Average of the stock is -4.26%, while the 200-Day Moving Average is calculated to be 43.68%.
Shares Statistics:
VERA traded an average of 929.40K shares per day over the past three months and 824270 shares per day over the past ten days. A total of 44.45M shares are outstanding, with a floating share count of 41.79M. Insiders hold about 22.19% of the company’s shares, while institutions hold 90.31% stake in the company. Shares short for VERA as of 1715731200 were 6460900 with a Short Ratio of 6.95, compared to 1713139200 on 6313314. Therefore, it implies a Short% of Shares Outstanding of 6460900 and a Short% of Float of 17.44.
