Undoubtedly, Valeritas Holdings, Inc. (NASDAQ:VLRX) has been one of the most volatile stocks in the market in recent times, and the way it handled Thursday’s volatility suggests the stock may be poised to decline heading into short-terms. The shares dropped -0.01 points or -2.44 percent at $0.4 with a heavy trade volume of 2.074 million shares. After opening the session at $0.4, the shares went as high as $0.415 and as low as $0.385, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $40.38 million and now has 100.94 million shares outstanding. Valeritas Holdings, Inc. (VLRX) stock has lost 0 percent of market value in 21 trading days.
VLRX stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$5.04 a share in the trailing twelve months. The stock’s value has surged 22.89 percent year to date (YTD) against a decline of -86.21 percent in 12 month’s time. The company’s shares still trade -91.27 percent away from its 1-year high of $4.58 and 33.33 percent up from 52-week low of $0.30. The average consensus rating on the company is 1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Valeritas Holdings, Inc. (VLRX) will probably climb 275 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $2-month high price target. This represents a whopping 400 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $1.5, which represents a return potential of 275 percent when compared to the closing price of the stock of $0.4 on Thursday, March 14. The lowest price target for the stock is $1 — slightly more than 150 percent from VLRX’s current share price.
History has shown that shares in Valeritas Holdings, Inc. have gone down on 6 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings. Investors will get their next glimpse of VLRX’s Q1 earnings on May 06. Analysts are forecasting revenue to climb 2.8 percent to $6.25M in the fiscal first quarter, while earnings are seen soaring by nearly -91.28 percent to -$0.15 per share. It earned -$0.2 per share, worse than the -$0.16, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $6.89M, better than the $6.85M analysts expected. Earnings are estimated to increase by 72.5 percent this year, 23.4 percent next year and continue to increase by 0 percent annually for the next 5 years.
The stock is currently hovering around the first support level of $0.38. Below this, the next support is placed in the zone of $0.37. Till the time, the VLRX stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 43.5 on daily chart, which may remain a cause for concern. If the price breaks below $0.37 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $0.41 mark may result into a pull-back move towards $0.43 level.
Further, it is sporting a 1.6 on the Price-to-Sales ratio. Compare this with the industry average P/S of 6.37. 46.6 percent is the gross profit margin for Valeritas Holdings, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.