What Are Expectations For Venus Concept Inc (NASDAQ: VERO) In The Short Term?

Venus Concept Inc (NASDAQ:VERO) traded at $0.33 at close of the session on current trade day and made a downward move of -0.96% on its previous day’s price.

Looking at the stock we see that its previous close was $0.33 and the beta (5Y monthly) reads 0.513 with the day’s price range being $0.33 – $0.34. In terms of its 52-week price range, VERO has a high of $2.21 and a low of $0.28. The company’s stock has lost about -4.02% over that past 30 days.

Venus Concept Inc has a market cap of $2.41 million and is expected to release its quarterly earnings report in March.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 17M, with a low of 17M and a high of 17M. The median projection represents growth adding up to -6.24% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 66.03M, or -13.52% down from figures reported last year.

On the other hand, looking at the outlook for the VERO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Venus Concept Inc (VERO) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -3.81% off its SMA20 and -5.67% from its 50-day simple moving average. The RSI (14) is pointing at 43.69 while the volatility over the past week is 4.37% and jumps to 9.96% over the past one month. The beta value is 0.53, while the average true range (ATR) is currently pointing at 0.03.

Coming back to Venus Concept Inc (NASDAQ:VERO), we note that the average 3-month trading volume was 297.28K, while that of the preceding 10-day period stands at 0.12 million. Current shares outstanding are 7.26 million.

The insiders hold 43.06% of the company’s shares while institutions hold 5.07%. The data shows that short shares as of 2025-01-31, stood at 73142.0 at a short ratio of 0.23. This represents a 124.00 short interest in shares outstanding on 2025-01-31. Shares short rose in January from the previous month at 55494.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -11.90% down in year-to-date price movement.

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