There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for VIK is 140.74M and currently, short sellers hold a 1.57% ratio of that float. The average trading volume of VIK on August 01, 2024 was 2.37M shares.
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VIK) stock’s latest price update
The stock price of Viking Holdings Ltd. (NYSE: VIK) has dropped by -1.93 compared to previous close of 35.70. Despite this, the company has seen a gain of 2.43% in its stock price over the last five trading days. gurufocus.com reported 2024-07-24 that With mixed second-quarter bank earnings under our belt, there is a better sense of how capital markets may unfold over the second half of the year. Messages were somewhat mixed, but there is an underlying optimism that merger and acquisition activity may pick back up as the Fed gradually reduces its policy rate over the months and quarters to come.
VIK’s Market Performance
VIK’s stock has risen by 2.43% in the past week, with a monthly rise of 4.51% and a quarterly rise of 34.14%. The volatility ratio for the week is 2.82% while the volatility levels for the last 30 days are 3.33% for Viking Holdings Ltd. The simple moving average for the past 20 days is -0.45% for VIK’s stock, with a 9.91% simple moving average for the past 200 days.
Analysts’ Opinion of VIK
Many brokerage firms have already submitted their reports for VIK stocks, with Barclays repeating the rating for VIK by listing it as a “Overweight.” The predicted price for VIK in the upcoming period, according to Barclays is $39 based on the research report published on July 02, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see VIK reach a price target of $36. The rating they have provided for VIK stocks is “Buy” according to the report published on June 25th, 2024.
Truist gave a rating of “Hold” to VIK, setting the target price at $38 in the report published on June 21st of the current year.
VIK Trading at 6.69% from the 50-Day Moving Average
After a stumble in the market that brought VIK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.01% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.26% upper at present.
During the last 5 trading sessions, VIK rose by +4.01%, in comparison to the 20-day moving average, which settled at $35.24. In addition, Viking Holdings Ltd. saw 34.14% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for VIK
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
In conclusion, Viking Holdings Ltd. (VIK) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
