Viking Holdings Ltd (NYSE:VIK) shares, rose in value on Friday, November 22, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $44.73.
Actively observing the price movement in the recent trading, the stock is buoying the session at $44.91, falling within a range of $44.11 and $45.01. Referring to stock’s 52-week performance, its high was $46.25, and the low was $25.71. On the whole, VIK has fluctuated by 15.28% over the past month.
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With the market capitalization of Viking Holdings Ltd currently standing at about $19.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.33B, with a low estimate of 1.32B and a high estimate of 1.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.35B.
The stock’s technical analysis shows that the price of VIK currently trading nearly 4.12% and 14.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.17, while the 7-day volatility ratio is showing 4.65% which for the 30-day chart, stands at 3.14%. Furthermore, Viking Holdings Ltd (VIK)’s average true range (ATR) is 1.39.
Data on historical trading for Viking Holdings Ltd (NYSE:VIK) indicates that the trading volumes over the past 10 days have averaged 2.31 and over the past 3 months, they’ve averaged 2.08 million. According to company’s latest data on outstanding shares, there are 303.68 million shares outstanding.
Nearly 60.68% of Viking Holdings Ltd’s shares belong to company insiders and institutional investors own 37.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.58 million shares as on 2024-10-31, resulting in a short ratio of 0.29. According to the data, the short interest in Viking Holdings Ltd (VIK) stood at 78.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.21 million. The stock has risen by 71.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VIK stock heading into the next quarter.
