Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Viridian Therapeutics Inc (NASDAQ: VRDN) was $15.23 for the day, up 5.25% from the previous closing price of $14.47. In other words, the price has increased by $5.25 from its previous closing price. On the day, 0.9 million shares were traded. VRDN stock price reached its highest trading level at $15.59 during the session, while it also had its lowest trading level at $14.33.
Ratios:
Our analysis of VRDN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 19.49 and its Current Ratio is at 19.49. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 19, 2024, Downgraded its rating to Equal Weight and sets its target price to $27 from $37 previously.
Needham reiterated its Buy rating for the stock on September 11, 2024, while the target price for the stock was revised from $30 to $38.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 27 ’24 when Beetham Thomas W. bought 5,000 shares for $23.41 per share. The transaction valued at 117,050 led to the insider holds 6,000 shares of the business.
Mahoney Stephen F. bought 21,400 shares of VRDN for $499,262 on Sep 27 ’24. The President and CEO now owns 21,400 shares after completing the transaction at $23.33 per share. On Sep 13 ’24, another insider, Fairmount Funds Management LLC, who serves as the Director of the company, bought 1,600,000 shares for $18.75 each. As a result, the insider paid 30,000,000 and bolstered with 3,445,813 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VRDN now has a Market Capitalization of 1242646144 and an Enterprise Value of 716013504. For the stock, the TTM Price-to-Sale (P/S) ratio is 4142.17 while its Price-to-Book (P/B) ratio in mrq is 2.99. Its current Enterprise Value per Revenue stands at 2370.906 whereas that against EBITDA is -2.128.
Stock Price History:
The Beta on a monthly basis for VRDN is 0.46, which has changed by 0.23620129 over the last 52 weeks, in comparison to a change of 0.1185931 over the same period for the S&P500. Over the past 52 weeks, VRDN has reached a high of $27.20, while it has fallen to a 52-week low of $9.90. The 50-Day Moving Average of the stock is 9.12%, while the 200-Day Moving Average is calculated to be -14.15%.
Shares Statistics:
VRDN traded an average of 870.95K shares per day over the past three months and 761330 shares per day over the past ten days. A total of 81.59M shares are outstanding, with a floating share count of 73.61M. Insiders hold about 9.78% of the company’s shares, while institutions hold 103.44% stake in the company. Shares short for VRDN as of 1749772800 were 11335016 with a Short Ratio of 13.01, compared to 1747267200 on 10546849. Therefore, it implies a Short% of Shares Outstanding of 11335016 and a Short% of Float of 14.510000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
