Viking Therapeutics Inc [NASDAQ: VKTX] loss -4.66% on the last trading session, reaching $55.39 price per share at the time.
If compared to the average trading volume of 3.84M shares, VKTX reached a trading volume of 2562057 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Viking Therapeutics Inc [VKTX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VKTX shares is $113.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VKTX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Viking Therapeutics Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price from $115 to $116. The new note on the price target was released on May 16, 2024, representing the official price target for Viking Therapeutics Inc stock. Previously, the target price had yet another raise from $116 to $138, while Oppenheimer kept a Outperform rating on VKTX stock.
The Average True Range (ATR) for Viking Therapeutics Inc is set at 4.42 The Price to Book ratio for the last quarter was 6.66, with the Price to Cash per share for the same quarter was set at 8.50.
Trading performance analysis for VKTX stock
Viking Therapeutics Inc [VKTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.43. With this latest performance, VKTX shares gained by 3.86% in over the last four-week period, additionally sinking by -39.25% over the last 6 months – not to mention a rise of 291.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VKTX stock in for the last two-week period is set at 42.72, with the RSI for the last a single of trading hit 36.10, and the three-weeks RSI is set at 45.69 for Viking Therapeutics Inc [VKTX]. The present Moving Average for the last 50 days of trading for this stock 56.83, while it was recorded at 59.73 for the last single week of trading, and 50.01 for the last 200 days.
Viking Therapeutics Inc [VKTX]: A deeper dive into fundamental analysis
Viking Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 37.69 and a Current Ratio set at 37.69.
Viking Therapeutics Inc [VKTX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VKTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viking Therapeutics Inc go to 40.00%.
An analysis of Institutional ownership at Viking Therapeutics Inc [VKTX]
There are presently around $75.30%, or 80.17%% of VKTX stock, in the hands of institutional investors. The top three institutional holders of VKTX stocks are: FMR LLC with ownership of 16.54 million shares, which is approximately 15.9876%. VANGUARD GROUP INC, holding 10.1 million shares of the stock with an approximate value of $$535.26 million in VKTX stocks shares; and VANGUARD GROUP INC, currently with $$319.45 million in VKTX stock with ownership which is approximately 5.8248%.
