Wall Street predicts Vera Therapeutics Inc (VERA) stock to drop by -47.4%

Vera Therapeutics Inc [VERA] stock prices are up 1.83% to $49.43 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VERA shares have gain 3.11% over the last week, with a monthly amount glided 22.93%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Oppenheimer started tracking the stock with Outperform rating on January 25, 2024, and set its price target to $26. On January 08, 2024, Cantor Fitzgerald initiated with a Overweight rating. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $29 on December 18, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $26 on November 10, 2023. Guggenheim started tracking with a Buy rating for this stock on August 16, 2023, and assigned it a price target of $27. In a note dated January 04, 2023, Wedbush downgraded an Neutral rating on this stock and revised its target price from $33 to $8.

The stock price of Vera Therapeutics Inc [VERA] has been fluctuating between $11.69 and $50.78 over the past year. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Vera Therapeutics Inc [NASDAQ: VERA] shares were valued at $49.43 at the most recent close of the market. An investor can expect a potential drop of -47.4% based on the average VERA price forecast.

Analyzing the VERA fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -0.5 and Total Capital is -0.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.

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 48.14 points at the first support level, and at 46.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.16, and for the 2nd resistance point, it is at 52.90.

Ratios To Look Out For

It’s worth pointing out that Vera Therapeutics Inc [NASDAQ:VERA]’s Current Ratio is 13.60. In addition, the Quick Ratio stands at 13.60 and the Cash Ratio stands at 1.03.

Transactions by insiders

Recent insider trading involved MARSHALL FORDYCE, Director, that happened on Nov 13 ’24 when 30625.0 shares were purchased. Director, SEIDENBERG BETH C completed a deal on Oct 28 ’24 to sell 15000.0 shares. Meanwhile, Director BETH C SEIDENBERG bought 15000.0 shares on Oct 28 ’24.

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