Veru Inc (NASDAQ:VERU) shares, rose in value on Friday, November 01, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $0.76.
Actively observing the price movement in the last trading, the stock closed the session at $0.76, falling within a range of $0.7303 and $0.7798. The value of beta (5-year monthly) was -0.479. Referring to stock’s 52-week performance, its high was $1.92, and the low was $0.36. On the whole, VERU has fluctuated by 1.26% over the past month.
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With the market capitalization of Veru Inc currently standing at about $111.76 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-05.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VERU’s technical picture suggests that short-term indicators denote the stock is a 50% 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 VERU currently trading nearly -10.03% and -7.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.65, while the 7-day volatility ratio is showing 6.72% which for the 30-day chart, stands at 7.78%. Furthermore, Veru Inc (VERU)’s beta value is -0.46, and its average true range (ATR) is 0.06.
A comparison of Veru Inc (VERU) with its peers suggests the former has fared considerably weaker in the market. VERU showed an intraday change of 1.09% in last session, and over the past year, it shrunk by -12.20%%.
Data on historical trading for Veru Inc (NASDAQ:VERU) indicates that the trading volumes over the past 10 days have averaged 0.94 and over the past 3 months, they’ve averaged 594.09K. According to company’s latest data on outstanding shares, there are 146.38 million shares outstanding.
Nearly 14.11% of Veru Inc’s shares belong to company insiders and institutional investors own 41.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.54 million shares as on 2024-10-15, resulting in a short ratio of 20.88. According to the data, the short interest in Veru Inc (VERU) stood at 959.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 12.52 million. The stock has risen by 6.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VERU stock heading into the next quarter.
