Look For Institutional Buying In Viking Holdings Ltd (NYSE: VIK)

Viking Holdings Ltd (VIK) concluded trading on Thursday at a closing price of $46.11, with 2.88 million shares of worth about $132.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.74% during that period and on December 05, 2024 the price saw a loss of about -0.45%. Currently the company’s common shares owned by public are about 431.60M shares, out of which, 169.72M shares are available for trading.

Stock saw a price change of -0.73% in past 5 days and over the past one month there was a price change of 11.75%. Over the period of past 52 weeks, stock dropped to lowest price of $25.71 but also hit the highest price of $47.62 during that period. The average intraday trading volume for Viking Holdings Ltd shares is 2.31 million. The stock is currently trading 1.44% above its 20-day simple moving average (SMA20), while that difference is up 12.34% for SMA50 and it goes to 30.42% higher than SMA200.

Viking Holdings Ltd (NYSE: VIK) currently have 431.60M outstanding shares and institutions hold larger chunk of about 37.08% of that.

The stock has a current market capitalization of $19.90B. It has Quick Ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VIK, volatility over the week remained 2.06% while standing at 3.13% over the month.

Stock’s fiscal year EPS is expected to rise by 28.71% while it is estimated to increase by 78.63% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on November 12, 2024 offering an Overweight rating for the stock and assigned a target price range of between $37 and $49 to it. Coverage by Barclays stated Viking Holdings Ltd (VIK) stock as an Overweight in their note to investors on July 02, 2024, suggesting a price target of $39 for the stock. On June 25, 2024, HSBC Securities Initiated their recommendations, while on June 21, 2024, Truist Initiated their ratings for the stock with a price target of $38. Stock get an Overweight rating from Wells Fargo on May 28, 2024.

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