In Friday’s Wall Street session, Vericel Corp (NASDAQ:VCEL) shares traded at $57.09, up 0.49% from the previous session.
VCEL stock price is now -1.18% away from the 50-day moving average and 14.19% away from the 200-day moving average. The market capitalization of the company currently stands at $2.82B.
With the price target of $57, Canaccord Genuity recently initiated with Buy rating for Vericel Corp (NASDAQ: VCEL). On June 20, 2024, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $55, while ‘Truist’ rates the stock as ‘Buy’
In other news, MCLAUGHLIN KEVIN F, Director sold 7,000 shares of the company’s stock on Feb 12 ’25. The stock was sold for $388,250 at an average price of $55.46. Upon completion of the transaction, the Director now directly owns 11,900 shares in the company, valued at $0.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Director MCLAUGHLIN KEVIN F bought 7,000 shares of the business’s stock. A total of $388,236 was incurred on buying the stock at an average price of $55.46. A total of 0.93% of the company’s stock is owned by insiders.
During the past 12 months, Vericel Corp has had a low of $39.12 and a high of $63.00. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 4.61, and a quick ratio of 4.23. The fifty day moving average price for VCEL is $57.7712 and a two-hundred day moving average price translates $49.99555 for the stock.
The latest earnings results from Vericel Corp (NASDAQ: VCEL) was released for 2024-09-30. The net profit margin was 1.56% and return on equity was 1.54% for VCEL. The company reported revenue of $57.91 million for the quarter, compared to $45.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.04 percent.
