Viridian Therapeutics Inc (NASDAQ: VRDN) closed the day trading at $17.26 down -1.43% from the previous closing price of $17.51. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 608789 shares were traded.
Ratios:
For a better understanding of VRDN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 18.26 and its Current Ratio is at 18.26. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
On June 14, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $46.
On May 30, 2023, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $44.RBC Capital Mkts initiated its Outperform rating on May 30, 2023, with a $44 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 22 ’24 when Fairmount Funds Management LLC bought 476,190 shares for $21.00 per share. The transaction valued at 9,999,990 led to the insider holds 1,839,954 shares of the business.
Meisner Lara sold 27 shares of VRDN for $765 on Jun 16 ’23. The Chief Legal Officer now owns 29,971 shares after completing the transaction at $28.35 per share. On Jun 15 ’23, another insider, Meisner Lara, who serves as the Chief Legal Officer of the company, sold 2,269 shares for $28.02 each. As a result, the insider received 63,577 and left with 29,971 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 1.08B and an Enterprise Value of 833.56M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3494.87 while its Price-to-Book (P/B) ratio in mrq is 3.96. Its current Enterprise Value per Revenue stands at 2.65k whereas that against EBITDA is -3.54.
Stock Price History:
Over the past 52 weeks, VRDN has reached a high of $30.30, while it has fallen to a 52-week low of $10.93. The 50-Day Moving Average of the stock is 18.58, while the 200-Day Moving Average is calculated to be 18.27.
Shares Statistics:
Over the past 3-months, VRDN traded about 983.05K shares per day on average, while over the past 10 days, VRDN traded about 912.75k shares per day. A total of 62.77M shares are outstanding, with a floating share count of 55.85M. Insiders hold about 11.02% of the company’s shares, while institutions hold 90.43% stake in the company. Shares short for VRDN as of Mar 15, 2024 were 7.62M with a Short Ratio of 7.75, compared to 7.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.14% and a Short% of Float of 12.41%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of -$1.1 for the current quarter, with a high estimate of -$0.81 and a low estimate of -$1.36, while EPS last year was -$1.61. The consensus estimate for the next quarter is -$1.11, with high estimates of -$0.84 and low estimates of -$1.34.
Analysts are recommending an EPS of between -$3.44 and -$5.72 for the fiscal current year, implying an average EPS of -$4.54. EPS for the following year is -$4.57, with 12 analysts recommending between -$3.23 and -$6.69.
