Can Buying Venus Concept Inc (NASDAQ: VERO) Still Be Worthwhile?

Venus Concept Inc (NASDAQ:VERO) does about 165.09K shares in volume on a normal day but saw 69280351 shares change hands in Friday’s trading. The company now has a market cap of 5.91M USD. Its current market price is $0.93, marking an increase of 58.51% compared to the previous close of $0.59. The 52 week high reached by this stock is $2.60 whilst the lowest price level in 52 weeks is $0.46.

Venus Concept Inc (VERO) has a 20-day trading average at $0.6028 and the current price is -64.19% off the 52-week high compared with 102.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6676 and its 200-day simple moving average is $1.2853. If we look at the stock’s price movements over the week, volatility stands at 41.05%, which decreases to 18.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.32 to suggest the stock is overbought.

The consensus objective for the share price is $10.60, suggesting that the stock has a potential upside of 91.23% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 09, 2020 when Stifel initiated the stock to “Hold” and issued a price target of $2.50. BTIG Research initiated its price target at $7.

Venus Concept Inc (VERO) stock is up 75.47% over the week and 36.50% over the past month. Its price is -21.19% year-to-date and -56.13% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -1.35 above consensus estimates by 0.19. The company’s next earnings report forecasts estimating quarterly EPS at -1.43 and -5.4 for whole year. Expected sales for next quarter are $17.83M, which analysts say will come at $71.04M for the current fiscal year and next year at $77.77M. In addition, estimates put the company’s current quarterly revenue at an average of $16.98M.

To reach the target analysts have set, the stock logically needs to grow 91.23 percent from here.

The company has a return on investment of -70.66% and return on equity of -500.61%. The beta has a value of 0.47. Price to sales ratio is 0.08.