In the last trading session, 3.82 million shares of the Viking Therapeutics Inc (NASDAQ:VKTX) were traded, and its beta was 0.77. Most recently the company’s share price was $23.11, and it changed around -$1.46 or -5.94% from the last close, which brings the market valuation of the company to $2.59B. VKTX currently trades at a discount to its 52-week high of $81.86, offering almost -254.22% off that amount. The share price’s 52-week low was $18.92, which indicates that the current value has risen by an impressive 18.13% since then. We note from Viking Therapeutics Inc’s average daily trading volume that its 10-day average is 5.6 million shares, with the 3-month average coming to 4.73 million.
Viking Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 2 recommended VKTX as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.
Viking Therapeutics Inc (NASDAQ:VKTX) trade information
Instantly VKTX has showed a red trend with a performance of -5.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.09 on recent trading dayincreased the stock’s daily price by 14.69%. The company’s shares are currently down -42.57% year-to-date, but still up 15.67% over the last five days. On the other hand, Viking Therapeutics Inc (NASDAQ:VKTX) is -22.53% down in the 30-day period. We can see from the shorts that 25.62 million shares have been sold at a short interest cover period of 6.42 day(s).
The consensus price target as assigned by Wall Street analysts is $110, which translates to bulls needing to increase their stock price by 78.99% from its current value. Analyst projections state that VKTX is forecast to be at a low of $74 and a high of $110.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23.00%.
VKTX Dividends
Viking Therapeutics Inc’s next quarterly earnings report is expected to be released on 2025-Feb-04.
Viking Therapeutics Inc (NASDAQ:VKTX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.70% of Viking Therapeutics Inc shares, and 74.36% of them are in the hands of institutional investors. The stock currently has a share float of 76.43%. Viking Therapeutics Inc stock is held by 544.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.9835% of the shares, which is about 16.54 million shares worth $876.8 million.
VANGUARD GROUP INC, with 9.7599% or 10.1 million shares worth $535.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
