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Ventyx Biosciences Inc. (VTYX) Is Worth A Look Now, Despite -32.57% Loss From High

Ventyx Biosciences Inc. (NASDAQ:VTYX) concluded the trading at $27.84 on Wednesday, November 23 with a rise of 3.42% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $26.92 with its price kept floating in the range of $26.92 and $28.30 on the day. Considering stock’s 52-week price range provides that VTYX hit a high price of $41.29 and saw its price falling to a low level of $9.50 during that period. Over a period of past 1-month, stock came subtracting -2.69% in its value.

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With its current market valuation of $1.50 billion, Ventyx Biosciences Inc. is set to declare its quarterly results on Nov 03, 2022. Analysts are in estimates of -$0.44 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$1.79 for 2022 with estimates of that growing to -$2.17 in next year. These estimates are suggesting current year growth of 73.10% for EPS and -21.20% growth next year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review VTYX stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the VTYX stock which is currently positioned at 0. It further provides that stock’s current price level is -0.63% away from its 20-day simple moving average and is -10.26% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 49.94 while volatility remained at 5.55% over the past week which changes to 8.74% when measuring it over the past month. Average true range or ATR is currently at 2.09.

In comparing Ventyx Biosciences Inc. (VTYX)’s stock with other industry players reveals that stock’s current price change of 3.42% and that of 34.56% over the past 12 months is in competing position with that of Johnson & Johnson (JNJ) which saw its stock price raised by 0.11% in the last trading and went through an increase of 10.16% in past 12-month trading. Industry’s another major player Eli Lilly and Company (LLY) has rise 0.23% up in previous session, but over the past year has faced a rise of 38.08%, while AbbVie Inc. (ABBV) was also down -0.25% however its price remained floating in the green at 34.08% over the same period. Ventyx Biosciences Inc. has a P/E ratio of 0 against that of Johnson & Johnson’s 24.64 while Eli Lilly and Company is showing 54.36 for the same.

Having a second look at Ventyx Biosciences Inc. (NASDAQ:VTYX) provides that stock’s average daily trading volume for 3 months was 675.13K, while it jumped to 0.47 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 51.67 million.

The percentage of outstanding shares held by the insiders is 0.60% while it is 99.80% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 3.99 million which implies a short ratio of 8.15. This shows up a 7.06% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 3.5 million in the previous month. Addition of 40.18% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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