While Viking Therapeutics Inc has underperformed by -2.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VKTX rose by 161.01%, with highs and lows ranging from $99.41 to $16.70, whereas the simple moving average fell by -23.93% in the last 200 days.
On December 02, 2024, Piper Sandler started tracking Viking Therapeutics Inc (NASDAQ: VKTX) recommending Overweight. A report published by B. Riley Securities on November 22, 2024, Initiated its previous ‘Buy’ rating for VKTX. H.C. Wainwright also reiterated VKTX shares as ‘Buy’, quoting a target price of $102 on the company’s shares in a report dated November 04, 2024. JP Morgan Initiated an Overweight rating on September 11, 2024, and assigned a price target of $80. Morgan Stanley initiated its ‘Overweight’ rating for VKTX, as published in its report on June 27, 2024. Raymond James’s report from May 16, 2024 suggests a price prediction of $116 for VKTX shares, giving the stock a ‘Strong Buy’ rating. Oppenheimer also rated the stock as ‘Outperform’.
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Analysis of Viking Therapeutics Inc (VKTX)
To gain a thorough understanding of Viking Therapeutics Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and VKTX is recording an average volume of 4.14M. On a monthly basis, the volatility of the stock is set at 5.58%, whereas on a weekly basis, it is put at 4.50%, with a loss of -4.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $110.00, showing growth from the present price of $47.87, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 73.78% 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 73.78% at present.
