Viking Therapeutics, Inc. (VKTX) Stock: Here’s What’s Happening


Viking Therapeutics, Inc. (VKTX) is trending down in the market in today’s trading session. The stock, focused in the biotechnology space, is presently priced at $8.66 after heading down -5.25% so far today. In terms of biotech stocks, there are a number of factors that have the ability to lead to declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines surrounding VKTX:

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Apr-12-19 09:45AM VKTX: VK2809 5 mg Data Presented at EASL
Apr-11-19 08:52AM Viking Therapeutics Jumps as New Liver Drug Gets Positive Results
07:02AM Viking Therapeutics Presents New Data from Phase 2 Study of VK2809 in Patients with Non-Alcoholic Fatty Liver Disease (NAFLD) and Elevated LDL-Cholesterol at The International Liver Congress 2019
Apr-08-19 05:00PM Why Viking Therapeutics Stock Perked Up in March
Apr-06-19 08:03AM Here’s Why Investors Are Betting Against These 2 Biotech Stocks

Nonetheless, any time investors are making an investing decision, investors should focus on far more than news, this is especially the case in the generally speculative biotech industry. Here’s what’s happing when it comes to Viking Therapeutics, Inc..

Recent Movement From VKTX

Although a move toward the top in a single session, like the move that we’re seeing from Viking Therapeutics, Inc. may cause fear in some investors, that by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is always important to look at trends experienced by the stock just a single session. When it comes to VKTX, here are the returns on investment that we have seen:

  • Weekly – Throughout the last seven days, VKTX has seen a change in value in the amount of -9.59%.
  • Past 30 Days – The monthly ROI from Viking Therapeutics, Inc. works out to 7.53%.
  • Past Quarter – In the past quarter, the company has generated a return on investment that comes to 7.28%
  • Bi-Annually – Over the past six months, we’ve seen a performance that equates to -36.79% from the stock.
  • This Year So Far – Since the open of this year VKTX has produced a ROI of 19.48%.
  • Full Year – Finally, over the past year, we’ve seen a change in the amount of 81.35% from VKTX. Over this period of time, the stock has traded at a high of -63.92% and a low of 134.69%.

Ratios Worth Paying Attention To

Digging into various key ratios associated with a stock generally gives traders a view of just how dangerous and/or rewarding a an investment option might be. Here are some of the key ratios to think about when looking at VKTX.

Short Ratio – The short ratio is a tool that’s used to measure the amount of short interest. As the ratio goes higher, it means that more investors are expecting that the price of the stock is headed for declines. Throughout the sector, biotech stocks can come with a higher short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to Viking Therapeutics, Inc., it’s short ratio clocks in at 8.13.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts when they mature with only current assets or quick assets. In the biotech sector, several companies rely on continued support from investors, the current and quick ratios can seem bad. Nonetheless, some gems in the biotechnology sector come with great current and quick ratios. When it comes to VKTX, the quick and current ratios come to 66.40 and 66.40 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the price of shares. In this case, the book to share value ratio comes in at 4.16.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. Several clinical stage biotech companies struggle to keep cash on hand. So, if you’re interested in a stock in the biotech space, this is a very important ratio to look into. In terms of VKTX, the cash to share value works out to 4.31.

Analyst Opinions Of Viking Therapeutics, Inc.

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their opinions in order to validate your own before making investment decisions in the biotech space. Below are the most recent moves that we have seen from analysts as it relates to VKTX.

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Mar-29-19 Upgrade SVB Leerink Mkt Perform → Outperform $10 → $21
Mar-14-19 Reiterated Maxim Group Buy $28 → $20
Feb-22-19 Initiated SVB Leerink Mkt Perform
Dec-12-18 Initiated B. Riley FBR Buy $16
Nov-19-18 Upgrade Raymond James Outperform → Strong Buy

Is Big Money Interested in Viking Therapeutics, Inc.?

An interesting fact I’ve come to understand so far in my brief time alive, or somewhat alive has been that smart money tends to follow big money players. So, investors that are trying to play it relatively safe will follow moves made by institutional investors as well as those on the inside. With that said, what does the big money picture look like in regard to VKTX? Here’s what’s going on:

  • Institutions – Currently, institutional investors own 67.90% of the company. Nonetheless, it is important to consider that institutional ownership has changed in the amount of 0.76% over the last 3 months.
  • Investors On The Inside – as it relates to insiders, insiders of the company currently own 2.50% of Viking Therapeutics, Inc.. Insider ownership of the company has changed in the amount of 0.00% in the last quarter.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 69.89M shares of Viking Therapeutics, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, VKTX has a float of 64.04M.

I also like to follow the short percent. Think about it, when a large percentage of the float available for trading is sold short, the overall opinion among traders is that the equity is headed for a deep dive. When it comes to VKTX, the percentage of the float that is shorted is 44.66%. Most investors would say that a concerning short percent of the float would be considered to be anything over 40%. Through my work, I’ve calculated that a short percent of the float over 26% is usually a play that comes with hefty risk.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.61. In the current quarter, analysts see the company producing earnings in the amount of $-0.08. Over the last 5 years, VKTX has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 46.30% and revenue has seen movement of 0.

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