Veru Inc’s Market Journey: Closing Strong at 0.74, Up 8.00

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The closing price of Veru Inc (NASDAQ: VERU) was $0.74 for the day, up 8.00% from the previous closing price of $0.69. In other words, the price has increased by $8.00 from its previous closing price. On the day, 1.7 million shares were traded. VERU stock price reached its highest trading level at $0.759 during the session, while it also had its lowest trading level at $0.69.

Ratios:

Our analysis of VERU’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.16 and its Current Ratio is at 3.62. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.31.

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, B. Riley Securities on May 14, 2024, initiated with a Buy rating and assigned the stock a target price of $5.

On March 28, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $3.

Jefferies Upgraded its Underperform to Hold on June 07, 2023, while the target price for the stock was maintained at $1.

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 24 ’24 when FISCH HARRY bought 4,000 shares for $1.25 per share. The transaction valued at 5,000 led to the insider holds 774,736 shares of the business.

BARNETTE K GARY bought 5,000 shares of VERU for $6,696 on May 24 ’24. The Chief Scientific Officer now owns 5,000 shares after completing the transaction at $1.34 per share. On May 24 ’24, another insider, STEINER MITCHELL SHUSTER, who serves as the President and CEO of the company, sold 63,379 shares for $1.23 each. As a result, the insider received 78,102 and left with 6,942,709 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, VERU now has a Market Capitalization of 108441272 and an Enterprise Value of 92967296. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.70 while its Price-to-Book (P/B) ratio in mrq is 2.88. Its current Enterprise Value per Revenue stands at 6.597 whereas that against EBITDA is -1.429.

Stock Price History:

Over the past 52 weeks, VERU has reached a high of $1.92, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -3.79%, while the 200-Day Moving Average is calculated to be -16.84%.

Shares Statistics:

VERU traded an average of 714.94K shares per day over the past three months and 1059620 shares per day over the past ten days. A total of 146.38M shares are outstanding, with a floating share count of 125.73M. Insiders hold about 14.11% of the company’s shares, while institutions hold 41.12% stake in the company. Shares short for VERU as of 1731628800 were 12804952 with a Short Ratio of 17.32, compared to 1728950400 on 12540637. Therefore, it implies a Short% of Shares Outstanding of 12804952 and a Short% of Float of 9.790000000000001.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 3.71.

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