Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Viking Therapeutics Inc (NASDAQ: VKTX) was $76.97 for the day, up 1.60% from the previous closing price of $75.76. In other words, the price has increased by $1.60 from its previous closing price. On the day, 3.71 million shares were traded. VKTX stock price reached its highest trading level at $77.68 during the session, while it also had its lowest trading level at $72.88.
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 29.48 and its Current Ratio is at 29.48. 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, Oppenheimer on March 26, 2024, Reiterated its Outperform rating but revised its target price to $138 from $116 previously.
On March 07, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $110.
Oppenheimer reiterated its Outperform rating for the stock on February 28, 2024, while the target price for the stock was revised from $46 to $116.
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 May 03 ’24 when ZANTE GREG sold 66,756 shares for $74.69 per share. The transaction valued at 4,986,008 led to the insider holds 174,854 shares of the business.
Mancini Marianna sold 281,425 shares of VKTX for $22,136,474 on May 01 ’24. The Chief Operating Officer now owns 348,508 shares after completing the transaction at $78.66 per share. On Feb 09 ’24, another insider, Lian Brian, who serves as the President & CEO of the company, sold 45,000 shares for $29.90 each. As a result, the insider received 1,345,500 and left with 2,139,882 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 8487328256 and an Enterprise Value of 7525549056.
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 7.69%, while the 200-Day Moving Average is calculated to be 157.16%.
Shares Statistics:
VKTX traded an average of 6.51M shares per day over the past three months and 2912270 shares per day over the past ten days. A total of 110.27M shares are outstanding, with a floating share count of 101.35M. Insiders hold about 8.08% of the company’s shares, while institutions hold 68.88% stake in the company. Shares short for VKTX as of 1713139200 were 11147825 with a Short Ratio of 1.71, compared to 1710460800 on 11141879. Therefore, it implies a Short% of Shares Outstanding of 11147825 and a Short% of Float of 13.63.
