Viridian Therapeutics Inc [VRDN] stock is trading at $18.75, up 32.14%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VRDN shares have gain 29.58% over the last week, with a monthly amount glided 24.83%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Viridian Therapeutics Inc [NASDAQ: VRDN] stock has seen the most recent analyst activity on June 11, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $29. Previously, Goldman started tracking the stock with Buy rating on June 06, 2024, and set its price target to $23. On May 09, 2024, downgrade downgraded it’s rating to Neutral. B. Riley Securities downgraded its rating to a Neutral and decreased its price target to $20 on May 09, 2024. BTIG Research started tracking with a Buy rating for this stock on June 14, 2023, and assigned it a price target of $46. In a note dated May 30, 2023, RBC Capital Mkts initiated an Outperform rating and provided a target price of $44 on this stock.
Viridian Therapeutics Inc [VRDN] stock has fluctuated between $10.93 and $24.18 over the past year. Currently, Wall Street analysts expect the stock to reach $37.5 within the next 12 months. Viridian Therapeutics Inc [NASDAQ: VRDN] shares were valued at $18.75 at the most recent close of the market. An investor can expect a potential return of 100.0% based on the average VRDN price forecast.
Analyzing the VRDN fundamentals
Gross Profit Margin for this corporation currently stands at -2.58% with Operating Profit Margin at -870.78%, Pretax Profit Margin comes in at -791.86%, and Net Profit Margin reading is -791.86%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is -0.5 and Total Capital is -0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.25 points at the first support level, and at 13.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.11, and for the 2nd resistance point, it is at 21.48.
Ratios To Look Out For
For context, Viridian Therapeutics Inc’s Current Ratio is 23.99. As well, the Quick Ratio is 23.99, while the Cash Ratio is 2.93. Considering the valuation of this stock, the price to sales ratio is 4130.82, the price to book ratio is 3.12.
Transactions by insiders
Recent insider trading involved Fairmount Funds Management LLC, Director, that happened on Jan 22 ’24 when 0.48 million shares were purchased.
