At the time of writing, Viking Therapeutics Inc [VKTX] stock is trading at $64.96, up 1.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VKTX shares have gain 5.40% over the last week, with a monthly amount glided 17.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Viking Therapeutics Inc [NASDAQ: VKTX] stock has seen the most recent analyst activity on September 11, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $80. Previously, Morgan Stanley started tracking the stock with Overweight rating on June 27, 2024, and set its price target to $105. On May 16, 2024, upgrade upgraded it’s rating to Strong Buy and revised its price target to $116 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $138 on March 26, 2024. Jefferies initiated its recommendation with a Buy and recommended $110 as its price target on March 07, 2024. Oppenheimer reiterated a Outperform rating for this stock on February 28, 2024, and upped its price target to $116.
For the past year, the stock price of Viking Therapeutics Inc fluctuated between $8.28 and $99.41. Currently, Wall Street analysts expect the stock to reach $100.5 within the next 12 months. Viking Therapeutics Inc [NASDAQ: VKTX] shares were valued at $64.96 at the most recent close of the market. An investor can expect a potential return of 54.71% based on the average VKTX price forecast.
Analyzing the VKTX fundamentals
Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -285.96%, Pretax Profit Margin comes in at -221.89%, and Net Profit Margin reading is -221.89%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.15 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 63.13 points at the first support level, and at 61.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.23, and for the 2nd resistance point, it is at 67.50.
Ratios To Look Out For
It is important to note that Viking Therapeutics Inc [NASDAQ:VKTX] has a current ratio of 37.69. Also, the Quick Ratio is 37.69, while the Cash Ratio stands at 1.75.
Transactions by insiders
Recent insider trading involved SINGLETON J MATTHEW, Director, that happened on Sep 20 ’24 when 10300.0 shares were sold. President & CEO, Lian Brian completed a deal on Sep 20 ’24 to sell 0.22 million shares. Meanwhile, Officer Lian Brian bought 0.22 million shares on Sep 20 ’24.
