Viking Therapeutics Inc [VKTX] stock prices are down -4.50% to $74.52 at the moment. 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 15.82% over the last week, with a monthly amount glided 20.92%, 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.
The stock price of Viking Therapeutics Inc [VKTX] has been fluctuating between $8.28 and $99.41 over the past year. 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 $74.52 at the most recent close of the market. An investor can expect a potential return of 34.86% based on the average VKTX price forecast.
Analyzing the VKTX fundamentals
Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -307.27%, Pretax Profit Margin comes in at -227.41%, and Net Profit Margin reading is -227.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.13 and Total Capital is -0.15. 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 71.87 points at the first support level, and at 69.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.45, and for the 2nd resistance point, it is at 84.38.
Ratios To Look Out For
It’s worth pointing out that Viking Therapeutics Inc [NASDAQ:VKTX]’s Current Ratio is 36.47. Also, the Quick Ratio is 36.47, while the Cash Ratio stands at 1.96.
Transactions by insiders
Recent insider trading involved ZANTE GREG, Chief Financial Officer, that happened on Oct 28 ’24 when 0.13 million shares were sold. Officer, GREG ZANTE completed a deal on Oct 28 ’24 to buy 0.13 million shares. Meanwhile, Director Rouan Sarah Kathryn sold 11000.0 shares on Oct 25 ’24.
