Verona Pharma Plc ADR (NASDAQ:VRNA) price on current trading day, rose 7.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $30.81.
A look at the stock’s price movement, the close in the last trading session was $28.71, moving within a range at $29.3 and $31.8262. The beta value (5-Year monthly) was 0.436. Turning to its 52-week performance, $30.73 and $11.39 were the 52-week high and 52-week low respectively. Overall, VRNA moved 11.95% over the past month.
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Verona Pharma Plc ADR’s market cap currently stands at around $2.50 billion, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 2.01M for the company’s revenue for the quarter, with a low and high estimate of 600k and 3.5M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRNA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend VRNA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VRNA’s current price about 6.75% and 16.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.64, while 7-day volatility ratio is 4.88% and 5.69% in the 30-day chart. Further, Verona Pharma Plc ADR (VRNA) has a beta value of 0.45, and an average true range (ATR) of 1.51. Analysts have given the company’s stock an average 52-week price target of $36, forecast between a low of $26 and high of $38. Looking at the price targets, the low is 15.61% off current price level while to achieve the yearly target high, price needs to move -23.34%. Nonetheless, investors will most likely welcome a -16.85% jump to $36 which is the analysts’ median price.
If we refocus on Verona Pharma Plc ADR (NASDAQ:VRNA), historical trading data shows that trading volumes averaged 0.93 over the past 10 days and 1.18 million over the past 3 months. The company’s latest data on shares outstanding shows there are 80.44 million shares.
The 22.56% of Verona Pharma Plc ADR’s shares are in the hands of company insiders while institutional holders own 62.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.85 million on 2024-09-13, giving us a short ratio of 7.11. The data shows that as of 2024-09-13 short interest in Verona Pharma Plc ADR (VRNA) stood at 1138.00004 of shares outstanding, with shares short falling to 10.7 million registered in 2024-08-15. Current price change has pushed the stock 54.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VRNA stock continues to rise going into the next quarter.
