While Verve Therapeutics Inc has overperformed by 1.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VERV fell by -59.98%, with highs and lows ranging from $19.34 to $4.30, whereas the simple moving average fell by -15.10% in the last 200 days.
On April 08, 2024, H.C. Wainwright started tracking Verve Therapeutics Inc (NASDAQ: VERV) recommending Buy. A report published by Canaccord Genuity on April 13, 2023, Initiated its previous ‘Buy’ rating for VERV. Cantor Fitzgerald also rated VERV shares as ‘Neutral’, setting a target price of $21 on the company’s shares in an initiating report dated February 01, 2023. Goldman Initiated an Sell rating on December 15, 2022, and assigned a price target of $13. Credit Suisse initiated its ‘Neutral’ rating for VERV, as published in its report on October 06, 2022. Stifel’s report from August 25, 2022 suggests a price prediction of $56 for VERV shares, giving the stock a ‘Buy’ rating. BMO Capital Markets also rated the stock as ‘Outperform’.
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Analysis of Verve Therapeutics Inc (VERV)
Further, the quarter-over-quarter increase in sales is 120.24%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Verve Therapeutics Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -40.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 13.05, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and VERV is recording an average volume of 1.35M. On a monthly basis, the volatility of the stock is set at 7.54%, whereas on a weekly basis, it is put at 8.16%, with a gain of 6.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.78, showing growth from the present price of $6.42, which can serve as yet another indication of whether VERV is worth investing in or should be passed over.
How Do You Analyze Verve Therapeutics Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 26.18%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 63.74% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VERV shares are owned by institutional investors to the tune of 63.74% at present.
