Viking Therapeutics Inc (NASDAQ: VKTX) Loses -18.69% From High. Why That Could Change?

Currently, there are 100.11M common shares owned by the public and among those 99.72M shares have been available to trade.

However, the script later moved the day high at 89.10, up 16.82%. The company’s stock has a 5-day price change of 24.01% and 325.42% over the past three months. VKTX shares are trading 334.34% year to date (YTD), with the 12-month market performance up to 813.33% higher. It has a 12-month low price of $8.28 and touched a high of $99.41 over the same period. VKTX has an average intraday trading volume of 6.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.99%, 74.81%, and 257.60% respectively.

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Institutional ownership of Viking Therapeutics Inc (NASDAQ: VKTX) shares accounts for 69.19% of the company’s 100.11M shares outstanding.

It has a market capitalization of $8.84B and a beta (3y monthly) value of 1.04. The earnings-per-share (ttm) stands at -$0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.23% over the week and 13.23% over the month.

Analysts forecast that Viking Therapeutics Inc (VKTX) will achieve an EPS of -$0.28 for the current quarter, -$0.28 for the next quarter and -$1.51 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.32 while analysts give the company a high EPS estimate of -$0.24. Comparatively, EPS for the current quarter was -$0.25 a year ago. Earnings per share for the fiscal year are expected to decrease by -23.38%, and -34.49% over the next financial year. EPS should grow at an annualized rate of 40.00% over the next five years, compared to -18.89% over the past 5-year period.

Looking at the support for the VKTX, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on Mar-27-24, with the firm’s price target at $116-$138. Jefferies coverage for the Viking Therapeutics Inc (VKTX) stock in a research note released on March 07, 2024 offered a Buy rating with a price target of $110. Oppenheimer was of a view on February 28, 2024 that the stock is Outperform, while ROTH MKM gave the stock Buy rating on May 31, 2023, issuing a price target of $32. Maxim Group on their part issued Buy rating on March 28, 2023.

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