Viridian Therapeutics, Inc. (NASDAQ:VRDN – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 7,920,000 shares, a drop of 15.7% from the June 15th total of 9,390,000 shares. Based on an average trading volume of 943,400 shares, the days-to-cover ratio is currently 8.4 days.
Viridian Therapeutics Trading Up 5.8 %
Viridian Therapeutics stock opened at $14.69 on Tuesday. Viridian Therapeutics has a 52 week low of $10.93 and a 52 week high of $24.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 23.99 and a current ratio of 23.99. The firm has a market capitalization of $937.52 million, a price-to-earnings ratio of -3.26 and a beta of 1.12. The company has a 50 day moving average price of $12.86 and a 200 day moving average price of $16.35.
Viridian Therapeutics (NASDAQ:VRDN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.79) EPS for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.28. Viridian Therapeutics had a negative net margin of 75,737.85% and a negative return on equity of 92.04%. The firm had revenue of $0.07 million for the quarter, compared to the consensus estimate of $0.09 million. During the same period in the previous year, the firm posted ($1.61) earnings per share. The firm’s revenue was down 26.5% on a year-over-year basis. Research analysts forecast that Viridian Therapeutics will post -3.61 EPS for the current year.
Institutional Investors Weigh In On Viridian Therapeutics
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on VRDN. HC Wainwright cut their target price on Viridian Therapeutics from $37.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Oppenheimer decreased their target price on Viridian Therapeutics from $36.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Wolfe Research started coverage on shares of Viridian Therapeutics in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $29.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Viridian Therapeutics in a research report on Thursday, June 6th. They set a “buy” rating and a $23.00 price objective for the company. Finally, LADENBURG THALM/SH SH cut shares of Viridian Therapeutics from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.00.
Check Out Our Latest Research Report on Viridian Therapeutics
About Viridian Therapeutics
Viridian Therapeutics, Inc, a biotechnology company, discover and develops treatments for serious and rare diseases. The company's product pipeline includes VRDN-001, a monoclonal antibody targeting insulin-like growth factor-1 receptor that is in Phase 3 clinical trial for the treatment of thyroid eye disease (TED); and VRDN-003, a next generation IGF-1R humanized monoclonal antibodies targeting IGF-1R and incorporating half-life extension technology for the treatment of TED.
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