Viking Therapeutics Inc. (VKTX) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of VKTX have climbed 3.17% about 30 minutes into the session to $1.3 after closing the day prior at $1.26. It’s early, but the stock has traded as high as $1.3 and as low as $1.28 so far. Today’s quick advance has come with about 5,488 shares changing hands, compared to an average 30-day volume of 145,643 for Viking Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $1.29 for VKTX.
The share appreciation gives the company a market capitalization of $24.29 million based upon 19.28 million shares outstanding. It also means that VKTX has a price-to-book ratio of 1.9:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of VKTX have traded as low as $1.06 and as high as $7.14. Technical traders will take note that at $1.3, shares of VKTX are trading below their 200-day MA at $1.65 and below their 50-day MA at $1.33. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is VKTX?
Viking Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company develops therapies for metabolic and endocrine disorders. It includes portfolio of five drug candidates in clinical trials or preclinical studies. The company’s 9 employees are led by CEO Brian Lian from the corporate headquarters at 12340 El Camino Real.
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