Ventyx Biosciences Inc (NASDAQ:VTYX) Shares Plunged -1.36% In A Week – But Will They Keep Going Up?

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In last trading session, Ventyx Biosciences Inc (NASDAQ:VTYX) saw 0.45 million shares changing hands with its beta currently measuring 0.39. Company’s recent per share price level of $2.17 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $153.35M. That closing price of VTYX’s stock is at a discount of -1660.37% from its 52-week high price of $38.20 and is indicating a premium of 17.51% from its 52-week low price of $1.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.35 million shares which gives us an average trading volume of 1.23 million if we extend that period to 3-months.

For Ventyx Biosciences Inc (VTYX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.52 in the current quarter.

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Ventyx Biosciences Inc (NASDAQ:VTYX) trade information

Ventyx Biosciences Inc’s shares saw a change of -12.15% in year-to-date performance and have moved -1.36% in past 5-day. Ventyx Biosciences Inc (NASDAQ:VTYX) showed a performance of 10.71% in past 30-days. Number of shares sold short was 9.34 million shares which calculate 8.73 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a rise of 95.18% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 60. It follows that stock’s current price would drop -176.5% in reaching the projected high whereas dropping to the targeted low would mean a loss of -176.5% for stock’s current value.

Ventyx Biosciences Inc (VTYX) estimates and forecasts

Statistics highlight that Ventyx Biosciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -78.58% of value to its shares in past 6 months, showing an annual growth rate of 35.15% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -148.81% during past 5 years.

Ventyx Biosciences Inc (NASDAQ:VTYX)’s Major holders

Insiders are in possession of 3.31% of company’s total shares while institution are holding 91.62 percent of that, with stock having share float percentage of 94.75%. Investors also watch the number of corporate investors in a company very closely, which is 91.62% institutions for Ventyx Biosciences Inc that are currently holding shares of the company. DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) is the top institutional holder at VTYX for having 5.83 million shares of worth $13.47 million. And as of 2024-06-30, it was holding 9.4284 of the company’s outstanding shares.

The second largest institutional holder is CITADEL ADVISORS LLC, which was holding about 5.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.3133 of outstanding shares, having a total worth of $13.3 million.