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The closing price of Vir Biotechnology Inc (NASDAQ: VIR) was $7.60 for the day, down -2.31% from the previous closing price of $7.78. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 0.54 million shares were traded. VIR stock price reached its highest trading level at $7.8 during the session, while it also had its lowest trading level at $7.59.
Ratios:
Our analysis of VIR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.51 and its Current Ratio is at 12.51. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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 the company, JP Morgan on January 29, 2024, Downgraded its rating to Neutral and sets its target price to $9 from $23 previously.
On September 08, 2023, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $23 to $14.
JP Morgan Upgraded its Neutral to Overweight on March 06, 2023, whereas the target price for the stock was revised from $35 to $34.
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 Jun 11 ’24 when Ramasastry Saira sold 4,000 shares for $10.95 per share. The transaction valued at 43,789 led to the insider holds 14,619 shares of the business.
De Backer Marianne sold 72,995 shares of VIR for $690,365 on Apr 03 ’24. The Chief Executive Officer now owns 678,457 shares after completing the transaction at $9.46 per share. On Apr 01 ’24, another insider, HANLY ANN M., who serves as the EVP & Chief Technology Officer of the company, sold 2,711 shares for $10.05 each. As a result, the insider received 27,251 and left with 132,069 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, VIR now has a Market Capitalization of 1064425600 and an Enterprise Value of 26503862. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.17 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 0.336 whereas that against EBITDA is -0.053.
Stock Price History:
Over the past 52 weeks, VIR has reached a high of $13.09, while it has fallen to a 52-week low of $7.61. The 50-Day Moving Average of the stock is -16.40%, while the 200-Day Moving Average is calculated to be -21.53%.
Shares Statistics:
VIR traded an average of 1.08M shares per day over the past three months and 558670 shares per day over the past ten days. A total of 134.78M shares are outstanding, with a floating share count of 87.95M. Insiders hold about 35.64% of the company’s shares, while institutions hold 51.03% stake in the company. Shares short for VIR as of 1723680000 were 5630762 with a Short Ratio of 5.22, compared to 1721001600 on 4745637. Therefore, it implies a Short% of Shares Outstanding of 5630762 and a Short% of Float of 6.72.
