The price of Viridian Therapeutics Inc (NASDAQ:VRDN) shares last traded on Wall Street rose 5.60% to $19.80.
VRDN stock price is now 33.37% away from the 50-day moving average and 20.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
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With the price target enhanced from $30 to $38, Needham maintained Buy rating for Viridian Therapeutics Inc (NASDAQ: VRDN). On June 11, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $29, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Fairmount Funds Management LLC, Director bought 476,190 shares of the company’s stock on Jan 22 ’24. The stock was bought for $9,999,990 at an average price of $21.00. Upon completion of the transaction, the Director now directly owns 1,839,954 shares in the company, valued at $36.43 million. A total of 13.04% of the company’s stock is owned by insiders.
During the past 12 months, Viridian Therapeutics Inc has had a low of $10.93 and a high of $24.18. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 23.99, and a quick ratio of 23.99. The fifty day moving average price for VRDN is $14.9781 and a two-hundred day moving average price translates $16.467726 for the stock.
The latest earnings results from Viridian Therapeutics Inc (NASDAQ: VRDN) was released for 2024-06-30. The net profit margin was -79185.76% and return on equity was -53.97% for VRDN. The company reported revenue of $72000.0 for the quarter, compared to $72000.0 a year earlier.
