Investing In Viking Therapeutics Inc (NASDAQ: VKTX): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Viking Therapeutics Reports Fourth Quarter and Year-End 2023 Financial Results and Provides Corporate Update.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. The current market capitalization of Viking Therapeutics Inc is $3.87B. A total of 3.22 million shares were traded on the day, compared to an average of 3.23M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 37 BUYs and 24 SELLs from insiders. Insiders purchased 1,349,835 shares during that period but sold 1,490,123.

In the most recent transaction, Lian Brian sold 45,000 shares of VKTX for 29.90 per share on Feb 09. After the transaction, the President & CEO now owns 2,139,882 company shares. In a previous transaction on Feb 08, Lian Brian sold 269,079 shares at 26.87 per share. VKTX shares that President & CEO owns now total 2,184,882.

Among the insiders who sold shares, Rouan Sarah Kathryn disposed of 25,000 shares on Feb 08 at a per-share price of $28.05. This resulted in the Director holding 0 shares of VKTX after the transaction. In another insider transaction, Lian Brian sold 85,000 shares at $24.71 per share on Jan 31. Company shares held by the President & CEO now total 2,264,882.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for VKTX in the last 3 months, the mean price target is $40.89 with high estimates of $54.86 and low estimates of $28.00. In terms of 52-week highs and lows, VKTX has a high of $38.68 and a low of $8.28.

As of this writing, VKTX has an earnings estimate of -$0.28 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.25 per share and a lower estimate of -$0.32. The company reported an EPS of -$0.23 in the last quarter, which was -4.50% lower than expectations of -$0.22.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $3.48, while its Total Shareholder’s Equity was $201.88M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.89.

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