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The price of Viking Therapeutics Inc (NASDAQ: VKTX) closed at $65.01 in the last session, down -7.75% from day before closing price of $70.47. In other words, the price has decreased by -$7.75 from its previous closing price. On the day, 3.55 million shares were traded. VKTX stock price reached its highest trading level at $70.55 during the session, while it also had its lowest trading level at $64.61.
Ratios:
We take a closer look at VKTX’s different ratios to gain a better understanding of the stock. 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, JP Morgan on September 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $80.
On June 27, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $105.
Raymond James Upgraded its Outperform to Strong Buy on May 16, 2024, whereas the target price for the stock was revised from $115 to $116.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 20 ’24 when SINGLETON J MATTHEW sold 10,300 shares for $69.50 per share. The transaction valued at 715,850 led to the insider holds 9,500 shares of the business.
Lian Brian sold 216,130 shares of VKTX for $15,308,553 on Sep 20 ’24. The President & CEO now owns 2,304,927 shares after completing the transaction at $70.83 per share. On Sep 20 ’24, another insider, Lian Brian, who serves as the Officer of the company, bought 216,130 shares for $18.41 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 7202848256 and an Enterprise Value of 6261698048.
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 10.29%, while the 200-Day Moving Average is calculated to be 23.18%.
Shares Statistics:
According to the various share statistics, VKTX traded on average about 3.90M shares per day over the past 3-months and 3791600 shares per day over the past 10 days. A total of 110.80M shares are outstanding, with a floating share count of 103.61M. Insiders hold about 6.48% of the company’s shares, while institutions hold 73.91% stake in the company. Shares short for VKTX as of 1724976000 were 17138425 with a Short Ratio of 4.40, compared to 1722384000 on 16862235. Therefore, it implies a Short% of Shares Outstanding of 17138425 and a Short% of Float of 20.82.
