6.83% volatility in Viking Therapeutics Inc (VKTX) last month: This is a red flag warning

A new trading day began on November 17, 2023, with Viking Therapeutics Inc (NASDAQ: VKTX) stock priced at $10.55, up 7.03% from the previous day of trading. During the day, the shares moved up to $11.40 and dropped to $10.51 before settling in for the closing price of $10.53. VKTX’s price has ranged from $3.54 to $25.72 over the past 52 weeks.

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Meanwhile, its annual earnings per share averaged -3.19%. With a float of $89.36 million, this company’s outstanding shares have now reached $100.03 million.

The extent of productivity of a business whose workforce counts for 21 workers is very important to gauge.

Viking Therapeutics Inc (VKTX) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Viking Therapeutics Inc is 10.66%, while institutional ownership is 75.56%. The most recent insider transaction that took place on May 16, was worth 1,000,000. In this transaction Director of this company sold 40,000 shares at a rate of $25.00, taking the stock ownership to the 30,000 shares. Before that another transaction happened on May 16, when Company’s Director sold 16,000 for $24.00, making the entire transaction worth $384,000. This insider now owns 47,965 shares in total.

Viking Therapeutics Inc (VKTX) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.23 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a return on equity of -39.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.27 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -3.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 40.00% during the next five years compared to -2.56% drop over the previous five years of trading.

Viking Therapeutics Inc (NASDAQ: VKTX) Trading Performance Indicators

Here are Viking Therapeutics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 28.44.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.92, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach -1.08 in one year’s time.

Technical Analysis of Viking Therapeutics Inc (VKTX)

The latest stats from [Viking Therapeutics Inc, VKTX] show that its last 5-days average volume of 2.05 million was inferior to 2.91 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 63.62%. Additionally, its Average True Range was 0.74.

During the past 100 days, Viking Therapeutics Inc’s (VKTX) raw stochastic average was set at 34.73%, which indicates a significant decrease from 76.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.26% in the past 14 days, which was higher than the 58.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.34, while its 200-day Moving Average is $15.08. Now, the first resistance to watch is $11.61. This is followed by the second major resistance level at $11.95. The third major resistance level sits at $12.50. If the price goes on to break the first support level at $10.72, it is likely to go to the next support level at $10.17. Assuming the price breaks the second support level, the third support level stands at $9.83.

Viking Therapeutics Inc (NASDAQ: VKTX) Key Stats

With a market capitalization of 1.13 billion, the company has a total of 100,029K Shares Outstanding. Currently, annual sales are 0 K while annual income is -68,870 K. The company’s previous quarter sales were 0 K while its latest quarter income was -22,530 K.


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