Vericel Corp (NASDAQ: VCEL) stock jumped 0.25% on Monday to $36.67 against a previous-day closing price of $36.58. With 0.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $36.71 whereas the lowest price it dropped to was $35.98. The 52-week range on VCEL shows that it touched its highest point at $39.90 and its lowest point at $20.46 during that stretch. It currently has a 1-year price target of $42.58. Beta for the stock currently stands at 1.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VCEL was up-trending over the past week, with a rise of 8.01%, but this was up by 10.49% over a month. Three-month performance surged to 12.11% while six-month performance rose 6.23%. The stock gained 74.04% in the past year, while it has gained 39.22% so far this year. A look at the trailing 12-month EPS for VCEL yields -0.22 with Next year EPS estimates of 0.08. For the next quarter, that number is 0.14. This implies an EPS growth rate of 44.83% for this year and 143.76% for next year.
Float and Shares Shorts:
At present, 47.72 million VCEL shares are outstanding with a float of 47.34 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.01 million, which was 12.60% higher than short shares on Sep 28, 2023. In addition to Mr. Dominick C. Colangelo Esq. as the firm’s CEO, President & Director, Mr. Joseph Anthony Mara Jr. serves as its CFO & Treasurer.
Through their ownership of 108.94% of VCEL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.51% of VCEL, in contrast to 59.55% held by mutual funds. Shares owned by individuals account for 48.99%. As the largest shareholder in VCEL with 14.44% of the stake, Brown Capital Management LLC holds 6,879,554 shares worth 6,879,554. A second-largest stockholder of VCEL, BlackRock Fund Advisors, holds 6,813,944 shares, controlling over 14.30% of the firm’s shares. RTW Investments LP is the third largest shareholder in VCEL, holding 3,291,873 shares or 6.91% stake. With a 8.12% stake in VCEL, the Brown Capital Management – Small is the largest stakeholder. A total of 3,869,381 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 6.73% of VCEL stock, is the second-largest Mutual Fund holder. It holds 3,205,197 shares valued at 112.76 million. Vanguard Total Stock Market ETF holds 3.13% of the stake in VCEL, owning 1,492,653 shares worth 52.51 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VCEL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VCEL analysts setting a high price target of $44.50 and a low target of $39.00, the average target price over the next 12 months is $42.42. Based on these targets, VCEL could surge 21.35% to reach the target high and rise by 6.35% to reach the target low. Reaching the average price target will result in a growth of 15.68% from current levels.
Summary of Insider Activity:
Insiders traded VCEL stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 938 shares were bought while 276 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 142,659 while 89,632 shares were sold.