While Viking Holdings Ltd has overperformed by 1.46%, investors are advised to look at stock chart patterns for technical insight.
On December 19, 2024, Citigroup started tracking Viking Holdings Ltd (NYSE: VIK) recommending Buy. A report published by Barclays on December 13, 2024, Downgraded its rating to ‘Equal Weight’ for VIK. Morgan Stanley also Upgraded VIK shares as ‘Overweight’, setting a target price of $49 on the company’s shares in a report dated November 12, 2024. Barclays Initiated an Overweight rating on July 02, 2024, and assigned a price target of $39. HSBC Securities initiated its ‘Buy’ rating for VIK, as published in its report on June 25, 2024. Truist’s report from June 21, 2024 suggests a price prediction of $38 for VIK shares, giving the stock a ‘Hold’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Viking Holdings Ltd (VIK)
Further, the quarter-over-quarter increase in sales is 90.53%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Viking Holdings Ltd’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.57, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and VIK is recording an average volume of 2.19M. On a monthly basis, the volatility of the stock is set at 3.17%, whereas on a weekly basis, it is put at 2.63%, with a gain of 4.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $51.42, showing growth from the present price of $45.14, which can serve as yet another indication of whether VIK is worth investing in or should be passed over.
How Do You Analyze Viking Holdings Ltd Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 63.22%. 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 37.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VIK shares are owned by institutional investors to the tune of 37.09% at present.
