Currently, there are 110.80M common shares owned by the public and among those 103.53M shares have been available to trade.
The company’s stock has a 5-day price change of 14.11% and -0.55% over the past three months. VKTX shares are trading 258.03% year to date (YTD), with the 12-month market performance up to 371.22% 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 3.77 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 18.73%, 22.90%, and 42.96% respectively.
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Institutional ownership of Viking Therapeutics Inc (NASDAQ: VKTX) shares accounts for 74.09% of the company’s 110.80M shares outstanding.
It has a market capitalization of $7.38B and a beta (3y monthly) value of 1.00. The earnings-per-share (ttm) stands at -$0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.79% over the week and 8.70% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.57%, and -50.87% 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. Morgan Stanley stated their Overweight rating for the stock in a research note on June 27, 2024, with the firm’s price target at $105. Raymond James coverage for the Viking Therapeutics Inc (VKTX) stock in a research note released on May 16, 2024 offered a Strong Buy rating with a price target of $116. Oppenheimer was of a view on March 26, 2024 that the stock is Outperform, while Jefferies gave the stock Buy rating on March 07, 2024, issuing a price target of $110. Oppenheimer on their part issued Outperform rating on February 28, 2024.
