Viking Therapeutics Inc (NASDAQ:VKTX) price on Thursday, October 24, rose 21.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $73.22.
A look at the stock’s price movement, the close in the last trading session was $60.39, moving within a range at $63.6701 and $75.665. Turning to its 52-week performance, $99.41 and $8.28 were the 52-week high and 52-week low respectively. Overall, VKTX moved 15.98% over the past month.
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Viking Therapeutics Inc’s market cap currently stands at around $8.11 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-05.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VKTX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend VKTX as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VKTX’s current price about 13.63% and 16.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.67, while 7-day volatility ratio is 7.01% and 5.53% in the 30-day chart. Further, Viking Therapeutics Inc (VKTX) has a beta value of 1.01, and an average true range (ATR) of 4.12. Analysts have given the company’s stock an average 52-week price target of $110.5, forecast between a low of $15 and high of $138. Looking at the price targets, the low is 79.51% off current price level while to achieve the yearly target high, price needs to move -88.47%. Nonetheless, investors will most likely welcome a -50.92% jump to $110.5 which is the analysts’ median price.
If we refocus on Viking Therapeutics Inc (NASDAQ:VKTX), historical trading data shows that trading volumes averaged 3.52 over the past 10 days and 3.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 110.80 million shares.
The 6.44% of Viking Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 74.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.48 million on 2024-09-30, giving us a short ratio of 4.58. The data shows that as of 2024-09-30 short interest in Viking Therapeutics Inc (VKTX) stood at 1759.0 of shares outstanding, with shares short falling to 17.14 million registered in 2024-08-30. Current price change has pushed the stock 293.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VKTX stock continues to rise going into the next quarter.
