Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Viking Therapeutics Inc (NASDAQ: VKTX) closed the day trading at $53.05 down -2.93% from the previous closing price of $54.65. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 3.52 million shares were traded. VKTX stock price reached its highest trading level at $53.3 during the session, while it also had its lowest trading level at $49.89.
Ratios:
For a better understanding of VKTX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 37.69 and its Current Ratio is at 37.69. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 this company, Morgan Stanley on June 27, 2024, initiated with a Overweight rating and assigned the stock a target price of $105.
On May 16, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also upped its target price recommendation from $115 to $116.
Oppenheimer reiterated its Outperform rating for the stock on March 26, 2024, while the target price for the stock was revised from $116 to $138.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 30 ’24 when BRIAN LIAN bought 115,859 shares for $57.58 per share.
MARIANNA MANCINI bought 18,026 shares of VKTX for $1,029,888 on Jul 30 ’24. On Jul 30 ’24, another insider, GREG ZANTE, who serves as the Officer of the company, bought 16,136 shares for $57.15 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VKTX now has a Market Capitalization of 5877727744 and an Enterprise Value of 4936575488.
Stock Price History:
Over the past 52 weeks, VKTX has reached a high of $99.41, while it has fallen to a 52-week low of $8.28. The 50-Day Moving Average of the stock is -4.73%, while the 200-Day Moving Average is calculated to be 20.22%.
Shares Statistics:
Over the past 3-months, VKTX traded about 3.91M shares per day on average, while over the past 10 days, VKTX traded about 5867070 shares per day. A total of 110.80M shares are outstanding, with a floating share count of 102.87M. Insiders hold about 7.05% of the company’s shares, while institutions hold 72.49% stake in the company. Shares short for VKTX as of 1721001600 were 15098013 with a Short Ratio of 3.86, compared to 1718323200 on 12670098. Therefore, it implies a Short% of Shares Outstanding of 15098013 and a Short% of Float of 18.34.
