Veru Inc (NASDAQ:VERU) shares traded 5.16% higher at $0.84 on Wall Street last session.
VERU stock price is now -27.94% away from the 50-day moving average and -2.65% away from the 200-day moving average. The market capitalization of the company currently stands at $123.15M.
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With the price target of $5, B. Riley Securities recently initiated with Buy rating for Veru Inc (NASDAQ: VERU). On March 28, 2024, Raymond James recently initiated its ‘Outperform’ rating on the stock quoting a target price of $3, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, BARNETTE K GARY, Chief Scientific Officer bought 5,000 shares of the company’s stock on May 24 ’24. The stock was bought for $6,696 at an average price of $1.34. Upon completion of the transaction, the Chief Scientific Officer now directly owns 5,000 shares in the company, valued at $4200.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, Chief Corporate Officer FISCH HARRY bought 4,000 shares of the business’s stock. A total of $5,000 was incurred on buying the stock at an average price of $1.25. This leaves the insider owning 774,736 shares of the company worth $0.65 million. A total of 13.95% of the company’s stock is owned by insiders.
During the past 12 months, Veru Inc has had a low of $0.36 and a high of $1.92. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 4.72, and a quick ratio of 4.22. The fifty day moving average price for VERU is $1.1608 and a two-hundred day moving average price translates $0.86375 for the stock.
The latest earnings results from Veru Inc (NASDAQ: VERU) was released for 2024-03-31. The net profit margin was -265.74% and return on equity was -115.69% for VERU. The company reported revenue of $4.13 million for the quarter, compared to $6.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -37.22 percent.
