After grabbing 68674.0 shares, the institutional investor is now in possession of 68674.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.11% having worth around $15795.0. Moreover, Renaissance Technologies LLC increased its share by 14200.0 to have a control over 52400.0 shares.
Venus Concept Inc. (VERO) concluded trading on 11/23/22 at a closing price of $0.35, with 15.15 million shares of worth about $5.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.05% during that period and on Wednesday the price saw a gain of about 59.96%. Currently the company’s common shares owned by public are about 64.13M shares, out of which, 63.55M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the VERO stock and their offered price forecasts bring an average price target of $2.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.75 and could fall to a lowest price of $0.75. The stock’s current price level is 83.87% above of average price target set by the analysts, while a rise to estimated low would result in gain of 53.33% for the stock. However, touching the estimated high of $4.75 would mean a gain of 92.63% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 11,470,282 shares in 18 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Bridgeway Ultra Small Company Mar are the top 3 mutual funds which are holding stakes in Venus Concept Inc. Vanguard Total Stock Market Index is currently holding 0.82 million shares of worth totaling $0.19 million. The company recently came buying 0.0 shares which brought its stake up to 1.26% of the company’s outstanding shares. Bridgeway Ultra Small Company Mar, after buying 0.21 million shares, have now control over 0.32% of the stake in the company. It holds 0.0 shares of worth $47988.0.
Venus Concept Inc. (NASDAQ: VERO) started trading at $0.2443, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 0.4115, or with a gain of 59.96%. Stock saw a price change of 64.55% in past 5 days and over the past one month there was a price change of 38.83%. Year-to-date (YTD), VERO shares are showing a performance of -79.41% which decreased to -74.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.15 but also hit the highest price of $2.21 during that period. The average intraday trading volume for Venus Concept Inc. shares is 687.89K. The stock is currently trading 59.30% above its 20-day simple moving average (SMA20), while that difference is up 6.62% for SMA50 and it goes to -53.34% lower than SMA200.
CIBC World Markets, Inc. acquired 68674.0 shares of Venus Concept Inc. having value of about $15795.0. Venus Concept Inc. (NASDAQ: VERO) currently have 64.13M outstanding shares and institutions hold larger chunk of about 75.30% of that. Holding of mutual funds in the company is about 20.71% while other institutional holders and individual stake holders have control over 55.91% and 2.52% of the stake respectively.
The stock has a current market capitalization of $21.58M and its 3Y-monthly beta is at 1.81. It has posted earnings per share of -$0.56 in the same period. It has Quick Ratio of 2.30 while making debt-to-equity ratio of 3.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VERO, volatility over the week remained 37.29% while standing at 17.38% over the month.
Analysts are in expectations that Venus Concept Inc. (VERO) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.32 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is -$0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 81.90% while it is estimated to increase by 45.30% in next year.
Analysts at 3 brokerage firms have issued recommendations for the Venus Concept Inc. (VERO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.30. Out of those 3 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on December 09, 2020 offering a Hold rating for the stock and assigned a target price of $2.50 to it. Coverage by Ladenburg Thalmann stated Venus Concept Inc. (VERO) stock as a Buy in their note to investors on October 20, 2020, suggesting a price target of $6 for the stock. Stock get an Outperform rating from Oppenheimer on January 10, 2020.