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Tuesday, September 26, 2023

Insights Into Viking Therapeutics Inc. (VKTX) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Viking Therapeutics Inc. (VKTX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.34%, to $14.46. The Viking Therapeutics Inc. has recorded 233,081 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Viking Therapeutics Reports Second Quarter 2023 Financial Results and Provides Corporate Update.

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Stocks Info

Viking Therapeutics Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $14.51 and fluctuated between $14.88 as its day high and $13.90 as its day low. The current market capitalization of Viking Therapeutics Inc. is $1.38B. A total of 1.45 million shares were traded on the day, compared to an average of 2.29M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VKTX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 34 SELLs from insiders. Insiders purchased 1,963,236 shares during that period but sold 1,764,159.

In the most recent transaction, Rowland Charles A Jr sold 40,000 shares of VKTX for 25.00 per share on May 16. After the transaction, the Director now owns 30,000 company shares. In a previous transaction on May 16, MACARTNEY LAWSON sold 16,000 shares at 24.00 per share. VKTX shares that Director owns now total 47,965.

Among the insiders who sold shares, Lian Brian disposed of 45,000 shares on May 01 at a per-share price of $22.45. This resulted in the President & CEO holding 2,197,963 shares of VKTX after the transaction. In another insider transaction, MACARTNEY LAWSON sold 16,000 shares at $22.00 per share on Apr 24. Company shares held by the Director now total 47,965.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for VKTX in the last 3 months, the mean price target is $33.80 with high estimates of $40.00 and low estimates of $28.00. In terms of 52-week highs and lows, VKTX has a high of $25.72 and a low of $2.53.

As of this writing, VKTX has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.24. The company reported an EPS of -$0.25 in the last quarter, which was -4.20% lower than expectations of -$0.24.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. VKTX’s latest balance sheet shows that the firm has $202.10M in Cash & Short Term Investments as of fiscal 2021. There were $29.00k in debt and $8.78M in liabilities at the time. Its Book Value Per Share was $3.90, while its Total Shareholder’s Equity was $201.88M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VKTX is Buy with a score of 4.90.

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