Venus Concept Inc (NASDAQ:VERO) shares, rose in value on Tuesday, December 31, with the stock price up by 4.59% to the previous day’s close as strong demand from buyers drove the stock to $0.38.
Actively observing the price movement in the last trading, the stock closed the session at $0.36, falling within a range of $0.3451 and $0.45. The value of beta (5-year monthly) was 0.637. Referring to stock’s 52-week performance, its high was $2.21, and the low was $0.28. On the whole, VERO has fluctuated by 17.22% over the past month.
With the market capitalization of Venus Concept Inc currently standing at about $2.86 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 66.26M, with a low estimate of 17M and a high estimate of 17.63M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.21M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 11.92% and 3.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.09, while the 7-day volatility ratio is showing 14.62% which for the 30-day chart, stands at 10.49%. Furthermore, Venus Concept Inc (VERO)’s beta value is 0.49, and its average true range (ATR) is 0.04.
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 4.59% in last session, and over the past year, it shrunk by -68.63%%.
Data on historical trading for Venus Concept Inc (NASDAQ:VERO) indicates that the trading volumes over the past 10 days have averaged 0.29 and over the past 3 months, they’ve averaged 978.10K. According to company’s latest data on outstanding shares, there are 7.26 million shares outstanding.
Nearly 43.06% of Venus Concept Inc’s shares belong to company insiders and institutional investors own 3.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.45 million shares as on 2024-10-31, resulting in a short ratio of 0.69. According to the data, the short interest in Venus Concept Inc (VERO) stood at 2886.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.81 million. The stock has fallen by -68.09% 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.
