Wall Street predicts Verona Pharma Plc ADR (VRNA) stock to surge by 72.91%

Verona Pharma Plc ADR [VRNA] stock prices are up 1.91% to $16.54 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The VRNA shares have gain 0.24% over the last week, with a monthly amount drifted -2.48%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On August 26, 2022, Piper Sandler initiated with a Overweight rating and assigned a price target of $31 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $25 on September 13, 2021. Jefferies initiated its recommendation with a Buy and recommended $17 as its price target on August 25, 2020. Canaccord Genuity started tracking with a Buy rating for this stock on August 10, 2020, and assigned it a price target of $17. In a note dated April 18, 2019, BTIG Research initiated an Buy rating and provided a target price of $17 on this stock.

The stock price of Verona Pharma Plc ADR [VRNA] has been fluctuating between $11.83 and $23.81 over the past year. Currently, Wall Street analysts expect the stock to reach $28.6 within the next 12 months. Verona Pharma Plc ADR [NASDAQ: VRNA] shares were valued at $16.54 at the most recent close of the market. An investor can expect a potential return of 72.91% based on the average VRNA price forecast.

Analyzing the VRNA fundamentals

The Verona Pharma Plc ADR [NASDAQ:VRNA] reported sales of 0.00M for trailing twelve months, representing a drop of -100.00%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.21 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.

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 16.19 points at the first support level, and at 15.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.02, and for the 2nd resistance point, it is at 17.50.

Ratios To Look Out For

It’s worth pointing out that Verona Pharma Plc ADR [NASDAQ:VRNA]’s Current Ratio is 33.33. On the other hand, the Quick Ratio is 33.33, and the Cash Ratio is 31.27.

Transactions by insiders

Recent insider trading involved Rickard Kathleen A., Chief Medical Officer, that happened on Feb 05 ’24 when 36248.0 shares were sold. Director, Edwards Martin completed a deal on Nov 20 ’23 to buy 33736.0 shares. Meanwhile, Director EBSWORTH DAVID R bought 0.16 million shares on Nov 06 ’23.

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