Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Viking Therapeutics Inc (NASDAQ: VKTX) was $50.35 for the day, down -0.89% from the previous closing price of $50.80. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 1.81 million shares were traded. VKTX stock price reached its highest trading level at $51.6799 during the session, while it also had its lowest trading level at $49.91.
Ratios:
Our analysis of VKTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 36.47 and its Current Ratio is at 36.47. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On November 22, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $109.
H.C. Wainwright reiterated its Buy rating for the stock on November 04, 2024, while the target price for the stock was revised from $90 to $102.
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 Nov 08 ’24 when MACARTNEY LAWSON sold 2,000 shares for $68.67 per share. The transaction valued at 137,333 led to the insider holds 47,965 shares of the business.
LAWSON MACARTNEY bought 2,000 shares of VKTX for $137,333 on Nov 08 ’24. On Oct 28 ’24, another insider, ZANTE GREG, who serves as the Chief Financial Officer of the company, sold 131,687 shares for $76.61 each. As a result, the insider received 10,089,164 and left with 149,366 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, VKTX now has a Market Capitalization of 5610802176 and an Enterprise Value of 4681616896.
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 $16.70. The 50-Day Moving Average of the stock is -17.63%, while the 200-Day Moving Average is calculated to be -20.45%.
Shares Statistics:
VKTX traded an average of 4.17M shares per day over the past three months and 3081170 shares per day over the past ten days. A total of 111.43M shares are outstanding, with a floating share count of 108.05M. Insiders hold about 3.04% of the company’s shares, while institutions hold 73.78% stake in the company. Shares short for VKTX as of 1731628800 were 16993855 with a Short Ratio of 4.07, compared to 1728950400 on 14393785. Therefore, it implies a Short% of Shares Outstanding of 16993855 and a Short% of Float of 20.48.
