Venus Concept Inc (NASDAQ:VERO) shares, rose in value on Friday, November 01, with the stock price up by 4.88% to the previous day’s close as strong demand from buyers drove the stock to $0.43.
Actively observing the price movement in the last trading, the stock closed the session at $0.41, falling within a range of $0.37 and $0.435. The value of beta (5-year monthly) was 0.6. Referring to stock’s 52-week performance, its high was $2.27, and the low was $0.33. On the whole, VERO has fluctuated by -14.00% over the past month.
With the market capitalization of Venus Concept Inc currently standing at about $3.11 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 69.76M, with a low estimate of 17M and a high estimate of 17.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.28M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VERO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of VERO currently trading nearly -4.95% and -18.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.52, while the 7-day volatility ratio is showing 34.05% which for the 30-day chart, stands at 17.89%. Furthermore, Venus Concept Inc (VERO)’s beta value is 0.58, and its average true range (ATR) is 0.09.
A comparison of Venus Concept Inc (VERO) with its peers suggests the former has fared considerably weaker in the market. VERO showed an intraday change of 4.88% in last session, and over the past year, it shrunk by -80.41%%.
Data on historical trading for Venus Concept Inc (NASDAQ:VERO) indicates that the trading volumes over the past 10 days have averaged 4.32 and over the past 3 months, they’ve averaged 1.67 million. According to company’s latest data on outstanding shares, there are 5.53 million shares outstanding.
Nearly 43.06% of Venus Concept Inc’s shares belong to company insiders and institutional investors own 4.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 70510.0 shares as on 2024-10-15, resulting in a short ratio of 0.02. According to the data, the short interest in Venus Concept Inc (VERO) stood at 141.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3818.0. The stock has fallen by -63.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VERO stock heading into the next quarter.
