While Viking Therapeutics Inc has underperformed by -1.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VKTX rose by 323.37%, with highs and lows ranging from $99.41 to $11.55, whereas the simple moving average fell by -16.82% in the last 200 days.
On November 22, 2024, B. Riley Securities started tracking Viking Therapeutics Inc (NASDAQ: VKTX) recommending Buy. A report published by H.C. Wainwright on November 04, 2024, Reiterated its previous ‘Buy’ rating for VKTX. JP Morgan also rated VKTX shares as ‘Overweight’, setting a target price of $80 on the company’s shares in an initiating report dated September 11, 2024. Morgan Stanley Initiated an Overweight rating on June 27, 2024, and assigned a price target of $105. Raymond James May 16, 2024d its ‘Outperform’ rating to ‘Strong Buy’ for VKTX, as published in its report on May 16, 2024. Oppenheimer’s report from March 26, 2024 suggests a price prediction of $138 for VKTX shares, giving the stock a ‘Outperform’ rating. Jefferies also rated the stock as ‘Buy’.
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Analysis of Viking Therapeutics Inc (VKTX)
One of the most important indicators of Viking Therapeutics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -15.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 36.47, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and VKTX is recording 4.10M average volume. On a monthly basis, the volatility of the stock is set at 7.76%, whereas on a weekly basis, it is put at 5.94%, with a gain of 5.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $112.57, showing growth from the present price of $51.99, which can serve as yet another indication of whether VKTX is worth investing in or should be passed over.
How Do You Analyze Viking Therapeutics Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VKTX shares are owned by institutional investors to the tune of 73.82% at present.
