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The closing price of Viridian Therapeutics Inc (NASDAQ: VRDN) was $23.63 for the day, up 7.41% from the previous closing price of $22.00. In other words, the price has increased by $7.41 from its previous closing price. On the day, 1.22 million shares were traded. VRDN stock price reached its highest trading level at $24.46 during the session, while it also had its lowest trading level at $21.69.
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 15.82 and its Current Ratio is at 15.82. 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 this company, Needham on September 11, 2024, Reiterated its Buy rating but revised its target price to $38 from $30 previously.
On June 11, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $29.
On June 06, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $23.Goldman initiated its Buy rating on June 06, 2024, with a $23 target price.
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 1804304000 and an Enterprise Value of 1160667776. For the stock, the TTM Price-to-Sale (P/S) ratio is 6222.02 while its Price-to-Book (P/B) ratio in mrq is 4.58. Its current Enterprise Value per Revenue stands at 4030.097 whereas that against EBITDA is -4.639.
Stock Price History:
Over the past 52 weeks, VRDN has reached a high of $24.75, while it has fallen to a 52-week low of $10.93. The 50-Day Moving Average of the stock is 28.15%, while the 200-Day Moving Average is calculated to be 39.89%.
Shares Statistics:
VRDN traded an average of 1.49M shares per day over the past three months and 924900 shares per day over the past ten days. A total of 76.36M shares are outstanding, with a floating share count of 68.00M. Insiders hold about 10.95% of the company’s shares, while institutions hold 82.42% stake in the company. Shares short for VRDN as of 1727654400 were 10151921 with a Short Ratio of 6.80, compared to 1724976000 on 8034096. Therefore, it implies a Short% of Shares Outstanding of 10151921 and a Short% of Float of 15.18.
