During the recent session, Vir Biotechnology Inc (NASDAQ:VIR)’s traded shares were 4.22 million, with the beta value of the company hitting 0.46. At the last check today, the stock’s price was $8.71, reflecting an intraday gain of 16.29% or $1.22. The 52-week high for the VIR share is $13.09, that puts it down -50.29 from that peak though still a striking 18.25% gain since the share price plummeted to a 52-week low of $7.12. The company’s market capitalization is $1.19B, and the average intraday trading volume over the past 10 days was 0.93 million shares, and the average trade volume was 787.23K shares over the past three months.
Vir Biotechnology Inc (VIR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.78. VIR has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.89.
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Vir Biotechnology Inc (NASDAQ:VIR) trade information
Vir Biotechnology Inc (VIR) registered a 16.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.29% in intraday trading to $8.71, hitting a weekly high. The stock’s 5-day price performance is 16.45%, and it has moved by 18.83% in 30 days. Based on these gigs, the overall price performance for the year is 11.81%. The short interest in Vir Biotechnology Inc (NASDAQ:VIR) is 5.55 million shares and it means that shorts have 6.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $28.19, which implies an increase of 69.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $35 respectively. As a result, VIR is trading at a discount of -301.84% off the target high and -72.22% off the low.
Vir Biotechnology Inc (VIR) estimates and forecasts
Statistics show that Vir Biotechnology Inc has outperformed its competitors in share price, compared to the industry in which it operates. Vir Biotechnology Inc (VIR) shares have gone down -16.17% during the last six months, with a year-to-date growth rate more than the industry average at 28.98% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -3.50% this quarter and then drop -72.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -17.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.57M as predicted by 6 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 24.48M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 16.79M and 11.71M respectively. In this case, analysts expect current quarter sales to shrink by -48.90% and then jump by 109.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -34.12%. While earnings are projected to return 18.64% in 2024, the next five years will return 7.00% per annum.
VIR Dividends
Vir Biotechnology Inc is due to release its next quarterly earnings on 2025-Feb-20. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Vir Biotechnology Inc (NASDAQ:VIR)’s Major holders
Vir Biotechnology Inc insiders own 11.95% of total outstanding shares while institutional holders control 75.45%, with the float percentage being 85.69%. SB INVESTMENT ADVISERS (UK) LTD is the largest shareholder of the company, while 304.0 institutions own stock in it. As of 2024-06-30, the company held over 16.68 million shares (or 12.3329% of all shares), a total value of $148.49 million in shares.
The next largest institutional holding, with 16.43 million shares, is of BLACKROCK INC.’s that is approximately 12.1482% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $146.26 million.
