In the last trading session, 22.71 million shares of the Viracta Therapeutics Inc (NASDAQ:VIRX) were traded, and its beta was 0.70. Most recently the company’s share price was $0.23, and it changed around -$0.03 or -11.93% from the last close, which brings the market valuation of the company to $9.17M. VIRX currently trades at a discount to its 52-week high of $1.31, offering almost -469.57% off that amount. The share price’s 52-week low was $0.20, which indicates that the current value has risen by an impressive 13.04% since then. We note from Viracta Therapeutics Inc’s average daily trading volume that its 10-day average is 2.98 million shares, with the 3-month average coming to 721.73K.
Viracta Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended VIRX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Viracta Therapeutics Inc is expected to report earnings per share of -0.24 for the current quarter.
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Viracta Therapeutics Inc (NASDAQ:VIRX) trade information
Instantly VIRX has showed a red trend with a performance of -11.93% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2972 on recent trading dayincreased the stock’s daily price by 22.61%. The company’s shares are currently down -59.21% year-to-date, but still down -3.12% over the last five days. On the other hand, Viracta Therapeutics Inc (NASDAQ:VIRX) is 4.73% up in the 30-day period. We can see from the shorts that 1.1 million shares have been sold at a short interest cover period of 6.17 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 97.12% from its current value. Analyst projections state that VIRX is forecast to be at a low of $8 and a high of $8.
Viracta Therapeutics Inc (VIRX) estimates and forecasts
Viracta Therapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -71.68 percent over the past six months and at a 47.73% annual growth rate that is well above the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 27.30% in revenue this quarter, and will report an increase of 45.70% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 44.96%.
VIRX Dividends
Viracta Therapeutics Inc’s next quarterly earnings report is expected to be released in November.
Viracta Therapeutics Inc (NASDAQ:VIRX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.84% of Viracta Therapeutics Inc shares, and 48.83% of them are in the hands of institutional investors. The stock currently has a share float of 50.26%. Viracta Therapeutics Inc stock is held by 46.0 institutions, with BVF INC/IL being the largest institutional investor. By 2024-06-30, it held 9.192% of the shares, which is about 3.61 million shares worth $1.97 million.
CITADEL ADVISORS LLC, with 3.8659% or 1.52 million shares worth $0.83 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
