Viridian Therapeutics Inc (NASDAQ:VRDN) price on Thursday, January 16, fall -1.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.06.
A look at the stock’s price movement, the close in the last trading session was $17.39, moving within a range at $16.815 and $17.47. The beta value (5-Year monthly) was 1.114. Turning to its 52-week performance, $27.20 and $11.40 were the 52-week high and 52-week low respectively. Overall, VRDN moved -4.43% over the past month.
Viridian Therapeutics Inc’s market cap currently stands at around $1.35 billion, with investors looking forward to this quarter’s earnings report slated for in February.
The average forecast suggests down to a -32.26% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 314.57k, representing a 0.18% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRDN is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
11 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 1 analyst(s) rate the stock as a Hold, 10 recommend VRDN as a Buy and 0 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.
VRDN’s current price about -10.64% and -16.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.28, while 7-day volatility ratio is 5.87% and 6.65% in the 30-day chart. Further, Viridian Therapeutics Inc (VRDN) has a beta value of 1.35, and an average true range (ATR) of 1.18. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $19 and high of $28. Looking at the price targets, the low is -11.37% off current price level while to achieve the yearly target high, price needs to move -64.13%. Nonetheless, investors will most likely welcome a -28.96% jump to $22 which is the analysts’ median price.
If we refocus on Viridian Therapeutics Inc (NASDAQ:VRDN), historical trading data shows that trading volumes averaged 1.55 over the past 10 days and 1.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 79.18 million shares.
The 11.00% of Viridian Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 99.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.05 million on 2024-12-31, giving us a short ratio of 7.01. The data shows that as of 2024-12-31 short interest in Viridian Therapeutics Inc (VRDN) stood at 1728.0 of shares outstanding, with shares short rising to 8.75 million registered in 2024-11-29. Current price change has pushed the stock -11.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VRDN stock continues to rise going into the next quarter.
