A share price of Veru Inc [VERU] is currently trading at $0.63, down -0.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VERU shares have gain 15.41% over the last week, with a monthly amount glided 29.59%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Veru Announces Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q. In a post published today on Yahoo Finance, Veru Inc. (NASDAQ: VERU), a late clinical stage biopharmaceutical company focused on developing innovative medicines for preserving muscle for higher quality weight loss, oncology, and viral induced acute respiratory distress syndrome (ARDS), today announced that it received a delinquency notification letter (“Notice”) from the Listing Qualifications staff of the Nasdaq Stock Market LLC (“Nasdaq”) on February 21, 2024 due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2023 (the “Form 10-Q”). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).
From an analyst’s perspective:
Veru Inc [NASDAQ: VERU] stock has seen the most recent analyst activity on June 07, 2023, when Jefferies upgraded its rating to a Hold but kept the price target unchanged to $1 for it. Previously, Jefferies started tracking the stock with Buy rating on April 13, 2021, and set its price target to $19. On February 09, 2021, H.C. Wainwright reiterated its Buy rating and revised its price target to $17 on the stock. H.C. Wainwright reiterated its Buy rating and increased its price target to $6 on January 21, 2020. Oppenheimer initiated its recommendation with a Outperform and recommended $5 as its price target on March 20, 2019.
Veru Inc experienced fluctuations in its stock price throughout the past year between $0.36 and $3.83. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Veru Inc [NASDAQ: VERU] shares were valued at $0.63 at the most recent close of the market. An investor can expect a potential return of 4185.71% based on the average VERU price forecast.
Analyzing the VERU fundamentals
Trailing Twelve Months sales for Veru Inc [NASDAQ:VERU] were 16.30M which represents 49.19% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -5.51%, Pretax Profit Margin comes in at -5.68%, and Net Profit Margin reading is -5.71%. To continue investigating profitability, this company’s Return on Assets is posted at -1.84, Equity is -3.16 and Total Capital is -2.96. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6074 points at the first support level, and at 0.5798 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6563, and for the 2nd resistance point, it is at 0.6776.
Veru Inc [VERU] reported earnings per share of -$0.12 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.23/share, meaning a difference of $0.11 and a surprise factor of 47.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.07 per share as compared to estimates of -$0.2 per share, a difference of $0.27 representing a surprise of 135.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Veru Inc [NASDAQ:VERU] is 1.16. As well, the Quick Ratio is 0.83, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 5.70, the price to book ratio is 3.28.
