Vigil Neuroscience Inc (VIGL) stock hits $2.35: Is it a good time to buy or wait for a dip?

Vigil Neuroscience Inc [VIGL] stock prices are up 15.76% to $2.35 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 VIGL shares have gain 22.40% over the last week, with a monthly amount glided 41.57%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Previously, Morgan Stanley downgraded its rating to Underweight on December 19, 2023, and dropped its price target to $4. On October 18, 2023, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $23 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $15 on March 31, 2023. Wedbush initiated its recommendation with a Outperform and recommended $19 as its price target on September 16, 2022. H.C. Wainwright started tracking with a Buy rating for this stock on August 29, 2022, and assigned it a price target of $24. In a note dated February 01, 2022, Stifel initiated an Buy rating and provided a target price of $24 on this stock.

The stock price of Vigil Neuroscience Inc [VIGL] has been fluctuating between $1.49 and $6.06 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Vigil Neuroscience Inc [NASDAQ: VIGL] shares were valued at $2.35 at the most recent close of the market. An investor can expect a potential return of 368.09% based on the average VIGL price forecast.

Analyzing the VIGL fundamentals

Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -45.72%, Pretax Profit Margin comes in at -42.71%, and Net Profit Margin reading is -42.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.63, Equity is -0.84 and Total Capital is -0.88. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.

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 1.95 points at the first support level, and at 1.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.85, and for the 2nd resistance point, it is at 3.34.

Ratios To Look Out For

It’s worth pointing out that Vigil Neuroscience Inc [NASDAQ:VIGL]’s Current Ratio is 3.72. Also, the Quick Ratio is 3.72, while the Cash Ratio stands at 1.47.

Transactions by insiders

Recent insider trading involved Budd Haeberlein Samantha L., Director, that happened on Dec 19 ’24 when 12000.0 shares were purchased. President and CEO, Magovcevic-Liebisch Ivana completed a deal on Dec 19 ’24 to buy 5000.0 shares. Meanwhile, President and CEO Magovcevic-Liebisch Ivana bought 5000.0 shares on Dec 18 ’24.

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