The closing price of Verve Therapeutics Inc (NASDAQ: VERV) was $12.97 for the day, down -1.82% from the previous closing price of $13.21. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 584615 shares were traded.
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 17.24 and its Current Ratio is at 17.24. In the meantime, Its Debt-to-Equity ratio is 0.12 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, Canaccord Genuity on April 13, 2023, initiated with a Buy rating and assigned the stock a target price of $29.
On February 01, 2023, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $21.
On December 15, 2022, Goldman started tracking the stock assigning a Sell rating and target price of $13.Goldman initiated its Sell rating on December 15, 2022, with a $13 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 Nov 29 ’23 when Dorval Allison sold 554 shares for $11.45 per share. The transaction valued at 6,343 led to the insider holds 4,060 shares of the business.
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 1.08B and an Enterprise Value of 534.92M. For the stock, the TTM Price-to-Sale (P/S) ratio is 86.63 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 45.49 whereas that against EBITDA is -2.46.
Stock Price History:
Over the past 52 weeks, VERV has reached a high of $21.42, while it has fallen to a 52-week low of $8.22. The 50-Day Moving Average of the stock is 13.22, while the 200-Day Moving Average is calculated to be 14.33.
Shares Statistics:
VERV traded an average of 1.12M shares per day over the past three months and 1.26M shares per day over the past ten days. A total of 81.97M shares are outstanding, with a floating share count of 54.80M. Insiders hold about 30.24% of the company’s shares, while institutions hold 70.23% stake in the company. Shares short for VERV as of Feb 29, 2024 were 12.52M with a Short Ratio of 11.14, compared to 12.37M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.97% and a Short% of Float of 19.33%.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of -$0.73 for the current quarter, with a high estimate of -$0.61 and a low estimate of -$0.83, while EPS last year was -$0.84. The consensus estimate for the next quarter is -$0.74, with high estimates of -$0.6 and low estimates of -$0.85.
Analysts are recommending an EPS of between -$2.44 and -$3.47 for the fiscal current year, implying an average EPS of -$2.98. EPS for the following year is -$3.22, with 8 analysts recommending between -$2.93 and -$3.75.
