Veru Inc.’s (NASDAQ:VERU) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
Veru Inc. (NASDAQ:VERU) shareholders are no doubt pleased to see that the share price has bounced 29% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 48% over that time.
Although its price has surged higher, Veru may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 3.8x, considering almost half of all companies in the Pharmaceuticals industry in the United States have P/S ratios greater than 4.8x and even P/S higher than 18x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for…
