Veren Inc. (VRN) Down -29.09% From Its 52-Week High, But Growth Potential Is Changing Over Time

Veren Inc. (NYSE:VRN) currently has a daily average trading volume of 3.45M but it saw 5365545 shares traded in last market. With a market cap of 4.06B USD, the company’s current market price of $6.58 came rising about 2.65 while comparing to the previous closing price of $6.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.28 and as low as $6.03. In the recent trading on the day, stock has struck highest price mark of $6.375 while lowest mark touched by it was $6.6.

Taking a look at 20-day trading activity of Veren Inc. (VRN) gives us an average price of $6.34, while its current price level is -29.09% below from 52-week high level whereas it is 9.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.85 while that of 200 days or SMA-200 reads an average of $7.49. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.59% during that period while stretching the period over a month that decreases to 3.25%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.18 which implies that the stock is in neutral territory.

Over the week, VRN’s stock price is moving 8.40% up while it is -1.35% when we observe its performance for the past one month. Year-to-date it is -5.05% down and over the past year, the stock is showing a downside performance of -16.64%.

Currently, Veren Inc.’s total number of outstanding shares is 619.93M. Company’s return on investment (ROI) stands at -0.30% and return on equity (ROE) at 4.41%. It has a 6.41 of forward P/E ratio. Stock’s beta reads 2.16. Stock has a price to book (P/B) ratio of 0.85 while price to sale or P/S ratio amounts to 1.43. Its return on asset (ROA) is 2.58% on average.