How did Verrica Pharmaceuticals Inc (VRCA) surprise investors with its report?

Verrica Pharmaceuticals Inc [VRCA] stock is trading at $1.28, up 3.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The VRCA shares have gain 29.29% over the last week, with a monthly amount drifted -20.00%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Verrica Pharmaceuticals Inc [NASDAQ: VRCA] stock has seen the most recent analyst activity on November 06, 2024, when H.C. Wainwright downgraded its rating to a Neutral. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on November 05, 2024. On July 25, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $10 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $10 on March 22, 2023. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $11 on February 13, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on May 25, 2022, and downed its price target to $4. In a note dated May 14, 2021, RBC Capital Mkts initiated an Outperform rating and provided a target price of $19 on this stock.

Verrica Pharmaceuticals Inc [VRCA] stock has fluctuated between $0.70 and $11.41 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Verrica Pharmaceuticals Inc [NASDAQ: VRCA] shares were valued at $1.28 at the most recent close of the market. An investor can expect a potential return of 837.5% based on the average VRCA price forecast.

Analyzing the VRCA fundamentals

Verrica Pharmaceuticals Inc [NASDAQ:VRCA] reported sales of 9.21M for the trailing twelve months, which represents a drop of -161.06%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at -8.16%, Pretax Profit Margin comes in at -9.23%, and Net Profit Margin reading is -9.23%. To continue investigating profitability, this company’s Return on Assets is posted at -2.58, Equity is 13.04 and Total Capital is -6.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.31.

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 1.1600 points at the first support level, and at 1.0400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3500, and for the 2nd resistance point, it is at 1.4200.

Ratios To Look Out For

For context, Verrica Pharmaceuticals Inc’s Current Ratio is 1.34. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 12.99.

Transactions by insiders

Recent insider trading involved Hayes Christopher G., CHIEF LEGAL OFFICER, that happened on Aug 26 ’24 when 26183.0 shares were sold. CHIEF LEGAL OFFICER, Hayes Christopher G. completed a deal on Aug 27 ’24 to sell 9530.0 shares. Meanwhile, Chief Medical Officer Goldenberg Gary sold 9888.0 shares on Aug 26 ’24.

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