Viking Therapeutics Inc (NASDAQ: VKTX) is 225.63% higher on its value in year-to-date trading and has touched a low of $9.49 and a high of $99.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VKTX stock was last observed hovering at around $62.97 in the last trading session, with the day’s loss setting it -2.37%.
Currently trading at $60.60, the stock is -10.48% and -6.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.27 million and changing -3.76% at the moment leaves the stock -1.16% off its SMA200. VKTX registered 519.63% gain for a year compared to 6-month loss of -16.41%. The firm has a 50-day simple moving average (SMA 50) of $64.7415 and a 200-day simple moving average (SMA200) of $61.130424.
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The stock witnessed a -7.90% gain in the last 1 month and extending the period to 3 months gives it a 4.12%, and is -6.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.60% over the week and 7.58% over the month.
Viking Therapeutics Inc (VKTX) has around 27 employees, a market worth around $6.75B and $0.00M in sales. Distance from 52-week low is 538.57% and -39.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.87%).
The EPS is expected to shrink by -6.58% this year.
Viking Therapeutics Inc (VKTX) Top Institutional Holders
562.0 institutions hold shares in Viking Therapeutics Inc (VKTX), with institutional investors hold 80.73% of the company’s shares. The shares outstanding are 111.44M, and float is at 107.93M with Short Float at 12.30%. Institutions hold 75.92% of the Float.
The top institutional shareholder in the company is FMR LLC with over 16.54 million shares valued at $876.8 million. The investor’s holdings represent 15.9876% of the VKTX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.1 million shares valued at $535.26 million to account for 9.7599 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.03 million shares representing 5.8248% and valued at over $319.45 million, while STATE STREET CORP holds 4.9513 of the shares totaling 5.12 million with a market value of $271.54 million.
Viking Therapeutics Inc (VKTX) Insider Activity
The most recent transaction is an insider sale by MACARTNEY LAWSON, the company’s Director. SEC filings show that MACARTNEY LAWSON sold 2,000 shares of the company’s common stock on Nov 08 ’24 at a price of $68.67 per share for a total of $0.14 million. Following the sale, the insider now owns 47965.0 shares.
Still, SEC filings show that on Oct 28 ’24, ZANTE GREG (Chief Financial Officer) disposed off 131,687 shares at an average price of $76.61 for $10.09 million. The insider now directly holds 149,366 shares of Viking Therapeutics Inc (VKTX).
