The stock of Vera Therapeutics Inc (NASDAQ: VERA) has increased by 15.21 when compared to last closing price of 41.09.Despite this, the company has seen a gain of 15.77% in its stock price over the last five trading days. globenewswire.com reported 2024-10-28 that BRISBANE, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) — Vera Therapeutics, Inc. (“Vera”), a late clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunologic diseases, today announced its plans to commence a public offering, subject to market and other conditions, to issue and sell $300.0 million of shares of its Class A common stock. All of the shares are being offered by Vera.
Is It Worth Investing in Vera Therapeutics Inc (NASDAQ: VERA) Right Now?
The stock has a 36-month beta value of 1.00. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for VERA is 41.56M, and at present, short sellers hold a 14.89% of that float. On October 29, 2024, the average trading volume of VERA was 530.45K shares.
VERA’s Market Performance
VERA stock saw an increase of 15.77% in the past week, with a monthly gain of 8.98% and a quarterly increase of 36.74%. The volatility ratio for the week is 6.24%, and the volatility levels for the last 30 days are 5.67% for Vera Therapeutics Inc (VERA). The simple moving average for the past 20 days is 15.53% for VERA’s stock, with a 21.64% simple moving average for the past 200 days.
Analysts’ Opinion of VERA
Oppenheimer, on the other hand, stated in their research note that they expect to see VERA reach a price target of $26. The rating they have provided for VERA stocks is “Outperform” according to the report published on January 25th, 2024.
VERA Trading at 17.26% from the 50-Day Moving Average
After a stumble in the market that brought VERA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.77% of loss for the given period.
Volatility was left at 5.67%, however, over the last 30 days, the volatility rate increased by 6.24%, as shares surge +7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.80% upper at present.
During the last 5 trading sessions, VERA rose by +15.77%, which changed the moving average for the period of 200-days by +151.41% in comparison to the 20-day moving average, which settled at $40.98. In addition, Vera Therapeutics Inc saw 207.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VERA starting from BETH C SEIDENBERG, who proposed sale 15,000 shares at the price of $41.09 back on Oct 28 ’24. After this action, BETH C SEIDENBERG now owns shares of Vera Therapeutics Inc, valued at $616,350 using the latest closing price.
Fordyce Marshall, the PRESIDENT AND CEO of Vera Therapeutics Inc, sale 19,375 shares at $40.39 during a trade that took place back on Oct 23 ’24, which means that Fordyce Marshall is holding 307,972 shares at $782,610 based on the most recent closing price.
Stock Fundamentals for VERA
The total capital return value is set at -0.31. Equity return is now at value -46.05, with -36.41 for asset returns.
Based on Vera Therapeutics Inc (VERA), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -2.04. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -29.82.
Currently, EBITDA for the company is -106.1 million with net debt to EBITDA at -0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.15.
Conclusion
To sum up, Vera Therapeutics Inc (VERA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
