Viridian Therapeutics Inc (NASDAQ: VRDN): What It’s Worth And What To Do About It

Viridian Therapeutics Inc (NASDAQ:VRDN)’s traded shares stood at 1.83 million during the last session, with the company’s beta value hitting 1.07. At the close of trading, the stock’s price was $20.14, to imply a decrease of -6.93% or -$1.5 in intraday trading. The VRDN share’s 52-week high remains $27.20, putting it -35.05% down since that peak but still an impressive 43.4% since price per share fell to its 52-week low of $11.40. The company has a valuation of $1.60B, with an average of 1.36 million shares in intraday trading volume over the past 10 days and average of 1.46 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Viridian Therapeutics Inc (VRDN), translating to a mean rating of 1.12. Of 11 analyst(s) looking at the stock, 0 analyst(s) give VRDN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 10 recommend it as a Buy.

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Viridian Therapeutics Inc (NASDAQ:VRDN) trade information

After registering a -6.93% downside in the last session, Viridian Therapeutics Inc (VRDN) has traded red over the past five days. The 5-day price performance for the stock is -20.11%, and -16.98% over 30 days. With these gigs, the year-to-date price performance is -7.53%. Short interest in Viridian Therapeutics Inc (NASDAQ:VRDN) saw shorts transact 10.02 million shares and set a 12.51 days time to cover.

The extremes give us $22 and $56 for target low and target high price respectively. As such, VRDN has been trading -178.05% off suggested target high and -9.24% from its likely low.

Viridian Therapeutics Inc (VRDN) estimates and forecasts

Looking at statistics comparing Viridian Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Viridian Therapeutics Inc (VRDN) shares are 49.74% up over the last 6 months, with its year-to-date growth rate higher than industry average at 24.67% against 17.70%.

VRDN Dividends

Viridian Therapeutics Inc has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Viridian Therapeutics Inc (NASDAQ:VRDN)’s Major holders

Viridian Therapeutics Inc insiders hold 0.01% of total outstanding shares, with institutional holders owning 111.56% of the shares at 111.57% float percentage. In total, 111.56% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 9.57 million shares (or 15.6686% of shares), all amounting to roughly $124.55 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 4.77 million shares, or about 7.8129% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $62.1 million.