The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Viracta Therapeutics Inc (NASDAQ: VIRX) closed at $0.22 up 26.06% from its previous closing price of $0.18. In other words, the price has increased by $26.06 from its previous closing price. On the day, 10.77 million shares were traded. VIRX stock price reached its highest trading level at $0.225 during the session, while it also had its lowest trading level at $0.1702.
Ratios:
For a deeper understanding of Viracta Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.76.
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, Leerink Partners on August 16, 2024, Downgraded its rating to Market Perform and sets its target price to $3 from $5 previously.
On February 01, 2022, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $10.
On May 03, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $35.H.C. Wainwright initiated its Buy rating on May 03, 2021, with a $35 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 27 ’24 when Chevallard Daniel R. sold 3,405 shares for $0.73 per share. The transaction valued at 2,493 led to the insider holds 102,306 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VIRX now has a Market Capitalization of 8862957 and an Enterprise Value of 489971.
Stock Price History:
Over the past 52 weeks, VIRX has reached a high of $1.31, while it has fallen to a 52-week low of $0.13. The 50-Day Moving Average of the stock is 19.60%, while the 200-Day Moving Average is calculated to be -52.33%.
Shares Statistics:
For the past three months, VIRX has traded an average of 2.45M shares per day and 3050760 over the past ten days. A total of 39.74M shares are outstanding, with a floating share count of 28.01M. Insiders hold about 29.53% of the company’s shares, while institutions hold 13.00% stake in the company. Shares short for VIRX as of 1730332800 were 2691476 with a Short Ratio of 1.22, compared to 1727654400 on 1326060. Therefore, it implies a Short% of Shares Outstanding of 2691476 and a Short% of Float of 8.68.
