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 price of Viridian Therapeutics Inc (NASDAQ: VRDN) closed at $19.43 in the last session, up 1.15% from day before closing price of $19.21. In other words, the price has increased by $1.15 from its previous closing price. On the day, 0.84 million shares were traded. VRDN stock price reached its highest trading level at $19.86 during the session, while it also had its lowest trading level at $18.9753.
Ratios:
We take a closer look at VRDN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 18.55 and its Current Ratio is at 18.55. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Wells Fargo on December 19, 2024, Downgraded its rating to Equal Weight and sets its target price to $27 from $37 previously.
Needham reiterated its Buy rating for the stock on September 11, 2024, while the target price for the stock was revised from $30 to $38.
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 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 1539102848 and an Enterprise Value of 998022656. For the stock, the TTM Price-to-Sale (P/S) ratio is 5130.36 while its Price-to-Book (P/B) ratio in mrq is 2.97. Its current Enterprise Value per Revenue stands at 3304.711 whereas that against EBITDA is -3.533.
Stock Price History:
The Beta on a monthly basis for VRDN is 1.35, which has changed by -0.039499998 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, VRDN has reached a high of $27.20, while it has fallen to a 52-week low of $11.40. The 50-Day Moving Average of the stock is -0.41%, while the 200-Day Moving Average is calculated to be 11.09%.
Shares Statistics:
According to the various share statistics, VRDN traded on average about 1.38M shares per day over the past 3-months and 1011640 shares per day over the past 10 days. A total of 79.18M shares are outstanding, with a floating share count of 70.50M. Insiders hold about 11.00% of the company’s shares, while institutions hold 99.11% stake in the company. Shares short for VRDN as of 1736899200 were 11634941 with a Short Ratio of 8.44, compared to 1734048000 on 9353713. Therefore, it implies a Short% of Shares Outstanding of 11634941 and a Short% of Float of 16.68.
