Vir Biotechnology Inc (NASDAQ:VIR) shares, rose in value on Wednesday, November 20, with price down by -2.74% to the previous day’s close as strong demand from buyers drove the stock to $6.74.
Actively observing the price movement in the last trading, the stock closed the session at $6.93, falling within a range of $6.62 and $7.025. The value of beta (5-year monthly) was 0.457. Referring to stock’s 52-week performance, its high was $13.09, and the low was $6.86. On the whole, VIR has fluctuated by -11.43% over the past month.
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With the market capitalization of Vir Biotechnology Inc currently standing at about $928.23 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.37M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VIR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of VIR currently trading nearly -20.02% and -15.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.16, while the 7-day volatility ratio is showing 8.87% which for the 30-day chart, stands at 7.34%. Furthermore, Vir Biotechnology Inc (VIR)’s beta value is 0.47, and its average true range (ATR) is 0.54.
A comparison of Vir Biotechnology Inc (VIR) with its peers suggests the former has fared considerably weaker in the market. VIR showed an intraday change of -2.74% in last session, and over the past year, it shrunk by -31.22%%.
Data on historical trading for Vir Biotechnology Inc (NASDAQ:VIR) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 974.55K. According to company’s latest data on outstanding shares, there are 134.78 million shares outstanding.
Nearly 36.55% of Vir Biotechnology Inc’s shares belong to company insiders and institutional investors own 49.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.72 million shares as on 2024-10-31, resulting in a short ratio of 7.28. According to the data, the short interest in Vir Biotechnology Inc (VIR) stood at 674.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 5.73 million. The stock has fallen by -33.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VIR stock heading into the next quarter.
