Venus Concept Inc (NASDAQ: VERO)’s stock price has decreased by -4.36 compared to its previous closing price of 0.30. However, the company has seen a -16.96% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Venus Concept Inc. (NASDAQ:VERO ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Rajiv De Silva – Chief Executive Officer Hemanth Varghese – President and Chief Operating Officer Domenic Della Penna – Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Cohen – Ladenburg Thalmann Sam Eiber – BTIG Thomas McGovern – Maxim Group Operator Please standby. Good day, ladies and gentlemen, and welcome to the Third Quarter 2024 Earnings Conference Call for Venus Concept Incorporated.
Is It Worth Investing in Venus Concept Inc (NASDAQ: VERO) Right Now?
The 36-month beta value for VERO is also noteworthy at 0.60. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for VERO is 4.13M, and at present, short sellers hold a 35.04% of that float. The average trading volume of VERO on November 22, 2024 was 1.69M shares.
VERO’s Market Performance
VERO’s stock has seen a -16.96% decrease for the week, with a -41.90% drop in the past month and a -49.77% fall in the past quarter. The volatility ratio for the week is 12.35%, and the volatility levels for the past 30 days are at 17.69% for Venus Concept Inc The simple moving average for the last 20 days is -22.97% for VERO stock, with a simple moving average of -56.39% for the last 200 days.
Analysts’ Opinion of VERO
Many brokerage firms have already submitted their reports for VERO stocks, with Stifel repeating the rating for VERO by listing it as a “Hold.” The predicted price for VERO in the upcoming period, according to Stifel is $2.50 based on the research report published on December 09, 2020 of the previous year 2020.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see VERO reach a price target of $6. The rating they have provided for VERO stocks is “Buy” according to the report published on October 20th, 2020.
BTIG Research gave a rating of “Buy” to VERO, setting the target price at $7 in the report published on July 06th of the previous year.
VERO Trading at -39.07% from the 50-Day Moving Average
After a stumble in the market that brought VERO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.92% of loss for the given period.
Volatility was left at 17.69%, however, over the last 30 days, the volatility rate increased by 12.35%, as shares sank -39.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.26% lower at present.
During the last 5 trading sessions, VERO fell by -16.96%, which changed the moving average for the period of 200-days by -77.00% in comparison to the 20-day moving average, which settled at $0.3762. In addition, Venus Concept Inc saw -75.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VERO starting from Masters Michael Willingham, who sale 140,214 shares at the price of $0.60 back on Oct 01 ’24. After this action, Masters Michael Willingham now owns 19,203 shares of Venus Concept Inc, valued at $83,455 using the latest closing price.
Masters Michael Willingham, the 10% Owner of Venus Concept Inc, sale 94,553 shares at $0.53 during a trade that took place back on Oct 02 ’24, which means that Masters Michael Willingham is holding 17,059 shares at $50,160 based on the most recent closing price.
Stock Fundamentals for VERO
Current profitability levels for the company are sitting at:
- -0.45 for the present operating margin
- 0.73 for the gross margin
The net margin for Venus Concept Inc stands at -0.81. The total capital return value is set at 4.39.
Based on Venus Concept Inc (VERO), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at 3.36. The interest coverage ratio of the stock is -3.26.
Currently, EBITDA for the company is -26.11 million with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 2.94for trailing twelve months and the total asset turnover is 2.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In summary, Venus Concept Inc (VERO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
