VERY Stock Summary and Trading Ideas (Vericity | NASDAQ:VERY)

Vericity Inc, along with its subsidiaries, offers life insurance products to the middle American market. The company conducts its business through our two operating subsidiaries. It operates through three segments namely Agency, Insurance, and Corporate. The Agency segment includes the insurance distribution operations of the company and includes commission revenue from the sale of Fidelity Life products. The Insurance segment, which is the key revenue-generating segment, is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities.

Vericity trades on the NASDAQ stock market under the symbol VERY.

As of April 25, 2024, VERY stock price was flat at $11.35 with 1,380 million shares trading.

VERY has a market cap of $168.83 million. This is considered a Micro Cap stock.

In the last 3 years, VERY stock traded as high as $12.11 and as low as $4.14.

The top ETF exchange traded funds that VERY belongs to (by Net Assets): VXF, VTI, IWC.

VERY has outperformed the market in the last year with a price return of +49.3% while the SPY ETF gained +25.6%. However, in the short term, VERY had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.9% vs +3.5% return in SPY. But in the last 2 weeks, VERY shares have fared better than the market returning +0.3% compared to SPY -2.8%.

VERY support price is $11.30 and resistance is $11.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VERY stock will trade within this expected range on the day.