A share price of Viridian Therapeutics Inc [VRDN] is currently trading at $23.29, up 1.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The VRDN shares have gain 2.42% over the last week, with a monthly amount glided 0.13%, 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 September 11, 2024, when Needham reiterated its Buy rating and also boosted its price target to $38 from $30. Previously, Wolfe Research started tracking the stock with Outperform rating on June 11, 2024, and set its price target to $29. On June 06, 2024, Goldman initiated with a Buy rating and assigned a price target of $23 on the stock. Ladenburg Thalmann downgraded its rating to a Neutral. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $20 on May 09, 2024. In a note dated June 14, 2023, BTIG Research initiated an Buy rating and provided a target price of $46 on this stock.
Viridian Therapeutics Inc experienced fluctuations in its stock price throughout the past year between $11.40 and $25.39. Currently, Wall Street analysts expect the stock to reach $37.83 within the next 12 months. Viridian Therapeutics Inc [NASDAQ: VRDN] shares were valued at $23.29 at the most recent close of the market. An investor can expect a potential return of 62.43% based on the average VRDN price forecast.
Analyzing the VRDN fundamentals
Gross Profit Margin for this corporation currently stands at -22.68% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 22.62 points at the first support level, and at 21.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.65, and for the 2nd resistance point, it is at 24.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Viridian Therapeutics Inc [NASDAQ:VRDN] is 15.82. On the other hand, the Quick Ratio is 15.82, and the Cash Ratio is 2.93. Considering the valuation of this stock, the price to sales ratio is 6132.21, the price to book ratio is 4.51.
Transactions by insiders
Recent insider trading involved Beetham Thomas W., Chief Operating Officer, that happened on Sep 27 ’24 when 5000.0 shares were purchased. President and CEO, Mahoney Stephen F. completed a deal on Sep 27 ’24 to buy 21400.0 shares. Meanwhile, Director Fairmount Funds Management LLC bought 1.6 million shares on Sep 13 ’24.
