Viking Therapeutics Inc (NASDAQ:VKTX) has a beta value of 1.00 and has seen 1.51 million shares traded in the last trading session. The company, currently valued at $7.24B, closed the last trade at $65.38 per share which meant it lost -$0.42 on the day or -0.64% during that session. The VKTX stock price is -52.05% off its 52-week high price of $99.41 and 87.34% above the 52-week low of $8.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.28 million shares traded. The 3-month trading volume is 3.47 million shares.
The consensus among analysts is that Viking Therapeutics Inc (VKTX) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.25.
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Viking Therapeutics Inc (NASDAQ:VKTX) trade information
Sporting -0.64% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VKTX stock price touched $65.38 or saw a rise of 3.38%. Year-to-date, Viking Therapeutics Inc shares have moved 251.32%, while the 5-day performance has seen it change -1.95%. Over the past 30 days, the shares of Viking Therapeutics Inc (NASDAQ:VKTX) have changed -2.56%. Short interest in the company has seen 14.48 million shares shorted with days to cover at 4.58.
Wall Street analysts have a consensus price target for the stock at $110.5, which means that the shares’ value could jump 40.83% from current levels. The projected low price target is $15.0 while the price target rests at a high of $138.0. In that case, then, we find that the current price level is -111.07% off the targeted high while a plunge would see the stock lose 77.06% from current levels.
Viking Therapeutics Inc (VKTX) estimates and forecasts
Figures show that Viking Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -3.78% over the past 6 months, with this year growth rate of -9.89%, compared to 17.40% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.89% over the past 5 years. Earnings growth for 2024 is a modest -9.64% while over the next 5 years, the company’s earnings are expected to increase by 40.00%.
VKTX Dividends
Viking Therapeutics Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Viking Therapeutics Inc (NASDAQ:VKTX)’s Major holders
Insiders own 6.03% of the company shares, while shares held by institutions stand at 75.44% with a share float percentage of 80.28%. Investors are also buoyed by the number of investors in a company, with Viking Therapeutics Inc having a total of 521.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 16.54 million shares worth more than $876.8 million. As of 2024-06-30, FMR LLC held 15.9876% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $535.26 million and represent 9.7599% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF . As of Aug 31, 2024 , the former fund manager holds about 3.37% shares in the company for having 3.74 shares of worth $244.29 million while later fund manager owns 3.65 shares of worth $238.68 million as of Aug 31, 2024 , which makes it owner of about 3.29% of company’s outstanding stock.
