Verve Therapeutics Inc. (NASDAQ:VERV) went up by 13.55% from its latest closing price compared to the recent 1-year high of $78.00. The company’s stock price has collected 0.32% of gains in the last five trading sessions. Barron’s reported on 11/05/21 that Gene Therapy Is a Huge Opportunity. It Pays to be Patient.
Is It Worth Investing in Verve Therapeutics Inc. (NASDAQ :VERV) Right Now?
VERV currently public float of 31.45M and currently shorts hold a 30.55% ratio of that float. Today, the average trading volume of VERV was 689.28K shares.
VERV’s Market Performance
VERV stocks went up by 0.32% for the week, with a monthly drop of -7.05% and a quarterly performance of -49.36%, while its annual performance rate touched -66.75%. The volatility ratio for the week stands at 12.02% while the volatility levels for the past 30 days are set at 9.81% for Verve Therapeutics Inc. The simple moving average for the period of the last 20 days is -7.31% for VERV stocks with a simple moving average of -61.35% for the last 200 days.
Analysts’ Opinion of VERV
Many brokerage firms have already submitted their reports for VERV stocks, with BMO Capital Markets repeating the rating for VERV by listing it as a “Outperform.” The predicted price for VERV in the upcoming period, according to BMO Capital Markets is $48 based on the research report published on June 17th of the current year 2022.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see VERV reach a price target of $42. The rating they have provided for VERV stocks is “Outperform” according to the report published on February 18th, 2022.
Stifel gave a rating of “Hold” to VERV, setting the target price at $58 in the report published on September 24th of the previous year.
VERV Trading at -16.67% from the 50-Day Moving Average
After a stumble in the market that brought VERV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.78% of loss for the given period.
Volatility was left at 9.81%, however, over the last 30 days, the volatility rate increased by 12.02%, as shares sank -6.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.65% lower at present.
During the last 5 trading sessions, VERV rose by +0.32%, which changed the moving average for the period of 200-days by -82.11% in comparison to the 20-day moving average, which settled at $13.60. In addition, Verve Therapeutics Inc. saw -65.69% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at VERV starting from ADELMAN BURT A, who purchase 10,000 shares at the price of $12.15 back on May 12. After this action, ADELMAN BURT A now owns 18,700 shares of Verve Therapeutics Inc., valued at $121,526 using the latest closing price.
ADELMAN BURT A, the Director of Verve Therapeutics Inc., purchase 4,000 shares at $21.38 during a trade that took place back on Mar 15, which means that ADELMAN BURT A is holding 8,700 shares at $85,535 based on the most recent closing price.
Stock Fundamentals for VERV
Equity return is now at value -37.10, with -34.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 16.67.