In last trading session, Vir Biotechnology Inc (NASDAQ:VIR) saw 0.44 million shares changing hands with its beta currently measuring 0.48. Company’s recent per share price level of $8.00 trading at $0.14 or 1.78% at ring of the bell on the day assigns it a market valuation of $1.10B. That closing price of VIR’s stock is at a discount of -63.62% from its 52-week high price of $13.09 and is indicating a premium of 18.0% from its 52-week low price of $6.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.43 million shares which gives us an average trading volume of 1.04 million if we extend that period to 3-months.
For Vir Biotechnology Inc (VIR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.78. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 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 -0.87 in the current quarter.
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Vir Biotechnology Inc (NASDAQ:VIR) trade information
Upright in the green during last session for gaining 1.78%, in the last five days VIR remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $8.00 price level, adding 3.15% to its value on the day. Vir Biotechnology Inc’s shares saw a change of -20.48% in year-to-date performance and have moved 15.11% in past 5-day. Vir Biotechnology Inc (NASDAQ:VIR) showed a performance of 5.26% in past 30-days. Number of shares sold short was 5.51 million shares which calculate 4.36 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 28.19 to the stock, which implies a rise of 71.62% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would drop -87.5% in reaching the projected high whereas dropping to the targeted low would mean a loss of -87.5% for stock’s current value.
Vir Biotechnology Inc (VIR) estimates and forecasts
Statistics highlight that Vir Biotechnology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.10% of value to its shares in past 6 months, showing an annual growth rate of 26.80% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -12.77% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.37M for the same. And 3 analysts are in estimates of company making revenue of 18.21M in the next quarter. Company posted 16.79M and 56.38M of sales in current and next quarters respectively a year earlier.
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 -34.12% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 14.45% while estimates for its earnings growth in next 5 years are of 7.00%.
Vir Biotechnology Inc (NASDAQ:VIR)’s Major holders
Insiders are in possession of 11.90% of company’s total shares while institution are holding 74.46 percent of that, with stock having share float percentage of 84.52%. Investors also watch the number of corporate investors in a company very closely, which is 74.46% institutions for Vir Biotechnology Inc that are currently holding shares of the company. SB INVESTMENT ADVISERS (UK) LTD is the top institutional holder at VIR for having 16.68 million shares of worth $148.49 million. And as of 2024-06-30, it was holding 12.3329 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 16.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.1482 of outstanding shares, having a total worth of $146.26 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 5.88 shares of worth $46.83 million or 4.27% of the total outstanding shares. The later fund manager was in possession of 3.46 shares on Jun 30, 2024 , making its stake of worth around $27.52 million in the company or a holder of 2.51% of company’s stock.
