Veru Inc (VERU) stock expected to rise by 1676.32%: What’s driving the optimism?

A share price of Veru Inc [VERU] is currently trading at $1.52, down -15.08%. 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 64.31% over the last week, with a monthly amount glided 137.13%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Veru Inc [NASDAQ: VERU] stock has seen the most recent analyst activity on March 28, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $3. Previously, Jefferies upgraded its rating to Hold on June 07, 2023, and kept the price target unchanged to $1. On April 13, 2021, Jefferies initiated with a Buy rating and assigned a price target of $19 on the stock. H.C. Wainwright reiterated its Buy rating and increased its price target to $17 on February 09, 2021. H.C. Wainwright reiterated its recommendation of a Buy and raised its price target to $6 on January 21, 2020. Oppenheimer started tracking with a Outperform rating for this stock on March 20, 2019, and assigned it a price target of $5. In a note dated July 03, 2018, Maxim Group initiated an Buy rating.

Veru Inc experienced fluctuations in its stock price throughout the past year between $0.36 and $1.92. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Veru Inc [NASDAQ: VERU] shares were valued at $1.52 at the most recent close of the market. An investor can expect a potential return of 1676.32% based on the average VERU price forecast.

Analyzing the VERU fundamentals

Trailing Twelve Months sales for Veru Inc [NASDAQ:VERU] were 15.93M which represents -14.64% decline. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -3.96%, Pretax Profit Margin comes in at -4.02%, and Net Profit Margin reading is -4.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.8, Equity is -2.14 and Total Capital is -0.99. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.

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 1.3367 points at the first support level, and at 1.1533 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7767, and for the 2nd resistance point, it is at 2.0333.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Veru Inc [NASDAQ:VERU] is 3.21. As well, the Quick Ratio is 2.79, while the Cash Ratio is 2.44. Considering the valuation of this stock, the price to sales ratio is 13.97, the price to book ratio is 4.31.

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