How to buy Veru (VERU) shares
Where to buy Veru stock
The brokers below are our top picks for beginners. Click the links to sign up and get started, or read on to learn more about how to invest in Veru first.
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How to buy Veru stock, a step-by-step guide
Follow the steps below to make your first investment. Buying shares in any company is a simple process that only takes a few minutes. Use this advice to help you get started.
Choose a broker and create an account
A broker is an online platform where you buy and manage your shares. Each broker has a unique set of features, but you should prioritise cost and convenience over everything else. Look for a broker with low trading fees and a clean interface, and then set up your account.
Decide how much to invest
No more than 5% of your money should be in any one stock. By spreading your exposure you reduce the risk of one failure ruining your whole portfolio. A company like Veru is a more speculative investment, so you should consider putting a smaller amount in to start with unless you’re comfortable taking a gamble.
Research Veru and its potential
Use Veru’s financial reports and press releases to learn about what the company does. Find news articles that talk about the company to get an idea of its prospects and who its competitors are. You could also read the annual reports of big pharmaceutical companies like Johnson & Johnson or Pfizer as a comparison.
Place an order for VERU stock
Sign in to your broker account and type ‘VERU’ into the search bar. Veru trades on the NASDAQ stock exchange, so click the NASDAQ: VERU result. Enter how many shares you want to buy and how much you want to spend.
Execute your order
Review the details of your order to check the price and then execute the trade. Your order will be added to the queue. If you place the trade out of hours (9.30 – 16.00 EST), it won’t go through until at least the next working day. When it does, you can see how your shares are performing in the portfolio section of your account.
Review your investment regularly
Invest for the long term, but be prepared to change your plans if there is reason to. Follow the latest news to stay on top of what’s affecting Veru. Look out for new treatments and clinical trials, and check back at regular intervals to decide on your next move.
What is Veru? And should I invest?
Veru is a pharmaceutical company based in Florida. Formed in 1971, it develops medicine for cancer and sexually transmitted diseases. It has been a public company since 1990 and trades on the NASDAQ stock exchange.
The company’s main focus is on researching drugs to treat breast and prostate cancer. Its new Sexual Health Division, which received regulatory approval in 2021, sells products to fund the research into late stage cancer treatments.
Investing in Veru means taking a chance on the long term success of its research. Pharmaceutical companies can be risky because clinical trials are unpredictable and their results can cause sudden volatility. However, Veru is a popular stock with analysts and has already made significant breakthroughs.
How has the company performed in recent years?
Veru has done very well over the last year. Prior to 2021, the stock had been trading flat for many years. It then announced a series of successful clinical trials at the end of 2021 which brought new products to the market. Veru’s stock price jumped over 500% on that news.
Those two new treatments were for ‘female condoms’, which reduce sexually transmitted diseases, and prostate cancer. Although the stock fell away from those initial highs, both represent a big step towards long term success.
Veru’s stock then surged again in April 2022 when it reported that it had discovered a new drug to treat patients with COVID-19. That treatment, targeted at the sickest patients, showed ‘overwhelming efficacy’ in trials.
Is it a good time to buy Veru shares now?
Veru looks like a solid long term investment. There are some things to consider before you invest, however. The COVID-19 treatment still requires approval and there’s no guarantee that will be granted. You should also beware of investing just after a big jump in share price.
With that said, Veru’s future prospects look good. It can generate a steady stream of income from its sexual health treatments while funding research into high value cancer drugs. A pharmaceutical company only needs to patent a few successful treatments to guarantee revenue for the next decade.
It’s important to follow the latest news if you want to invest in a pharma stock. Keep track of how Veru’s clinical trials are going and be prepared to act fast on any results. Use the links below to help to stay in touch.
Ways to invest in VERU
There are a few different ways to invest in Veru. The list below explains each one in more detail.
- Buy Veru shares. Buying shares is the best approach if you’re only interested in Veru. It means you can increase your wealth if the value of Veru goes up and it gives you extra perks like voting rights and dividends (if the company decides to pay them).
- Invest in Veru ETFs. An ETF is a fund that invests in lots of companies from the same sector or stock market index. It’s the best way to invest in the entire healthcare sector, which you might want to do during market downturns. A NASDAQ ETF, a healthcare ETF, or a pharmaceutical ETF is likely to hold shares in Veru.
- Invest in Veru funds or trusts. A fund is a professionally managed investment vehicle. Lots of investors put their money at the disposal of a fund manager, who decides which stocks to buy to generate the best returns for everyone involved.
- Trade Veru. Trading is a more short term approach. It’s a fast-paced strategy that uses price charts and trends to decide when to buy and sell a stock, rather than being interested in the strength of the business itself.
- Spread betting. Spread betting is when you bet on the performance of a stock. You earn money based on the value of your stake multiplied by how many points its price moves in a particular direction. All spread betting profits are tax free.
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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >