Verve Therapeutics Inc (NASDAQ: VERV)’s stock price has soared by 27.63 in relation to previous closing price of 5.61. Nevertheless, the company has seen a gain of 47.63% in its stock price over the last five trading days. globenewswire.com reported 2024-11-29 that BOSTON, Nov. 29, 2024 (GLOBE NEWSWIRE) — Verve Therapeutics, a clinical-stage company developing a new class of genetic medicines for cardiovascular disease, today announced that on November 29, 2024, the company granted equity awards to one new employee, pursuant to the company’s 2024 Inducement Stock Incentive Plan, as an inducement material to such new employee entering into employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4).
Is It Worth Investing in Verve Therapeutics Inc (NASDAQ: VERV) Right Now?
The 36-month beta value for VERV is also noteworthy at 1.72. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for VERV is 63.09M, and at present, short sellers hold a 27.07% of that float. The average trading volume of VERV on December 03, 2024 was 1.36M shares.
VERV’s Market Performance
VERV’s stock has seen a 47.63% increase for the week, with a 24.96% rise in the past month and a 17.76% gain in the past quarter. The volatility ratio for the week is 12.46%, and the volatility levels for the past 30 days are at 9.62% for Verve Therapeutics Inc The simple moving average for the last 20 days is 26.96% for VERV’s stock, with a simple moving average of 0.72% for the last 200 days.
Analysts’ Opinion of VERV
Many brokerage firms have already submitted their reports for VERV stocks, with H.C. Wainwright repeating the rating for VERV by listing it as a “Buy.” The predicted price for VERV in the upcoming period, according to H.C. Wainwright is $15 based on the research report published on April 08, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see VERV reach a price target of $29. The rating they have provided for VERV stocks is “Buy” according to the report published on April 13th, 2023.
Cantor Fitzgerald gave a rating of “Neutral” to VERV, setting the target price at $21 in the report published on February 01st of the previous year.
VERV Trading at 32.62% 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 -62.98% of loss for the given period.
Volatility was left at 9.62%, however, over the last 30 days, the volatility rate increased by 12.46%, as shares surge +20.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.96% upper at present.
During the last 5 trading sessions, VERV rose by +47.63%, which changed the moving average for the period of 200-days by -46.08% in comparison to the 20-day moving average, which settled at $5.64. In addition, Verve Therapeutics Inc saw -48.64% 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 VERV starting from Ashe Andrew D., who purchase 76,000 shares at the price of $6.26 back on May 14 ’24. After this action, Ashe Andrew D. now owns 342,509 shares of Verve Therapeutics Inc, valued at $475,760 using the latest closing price.
Nickerson Joan, the Chief Administrative Officer of Verve Therapeutics Inc, sale 1,514 shares at $8.24 during a trade that took place back on Apr 02 ’24, which means that Nickerson Joan is holding 8,659 shares at $12,475 based on the most recent closing price.
Stock Fundamentals for VERV
Current profitability levels for the company are sitting at:
- -9.29 for the present operating margin
- 0.73 for the gross margin
The net margin for Verve Therapeutics Inc stands at -8.08. The total capital return value is set at -0.36. Equity return is now at value -40.67, with -30.87 for asset returns.
Based on Verve Therapeutics Inc (VERV), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -15.19. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -36.05.
Currently, EBITDA for the company is -217.67 million with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 21.26. The receivables turnover for the company is 9.28for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.05.
Conclusion
In summary, Verve Therapeutics Inc (VERV) has had a mixed performance as of late. Analysts have bullish 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.
