Vigil Neuroscience Inc (NASDAQ: VIGL)’s stock price has soared by 18.49 in relation to previous closing price of 2.92. Nevertheless, the company has seen a gain of 6.46% in its stock price over the last five trading days. globenewswire.com reported 2024-08-13 that – Announced $40 million strategic investment from Sanofi; Extended cash runway into 2026 – – Provided update on iluzanebart clinical development strategy to pursue potential accelerated approval pathway in ALSP – – Announced interim data from VG-3927 Phase 1 trial in healthy volunteers that support continued development as potential therapy for Alzheimer’s disease – WATERTOWN, Mass., Aug. 13, 2024 (GLOBE NEWSWIRE) — Vigil Neuroscience, Inc. (Nasdaq: VIGL), a clinical-stage biotechnology company committed to harnessing the power of microglia for the treatment of neurodegenerative diseases, today announced financial results for the second quarter ended June 30, 2024, and provided an update on recent progress.
Is It Worth Investing in Vigil Neuroscience Inc (NASDAQ: VIGL) Right Now?
VIGL has 36-month beta value of 2.08. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VIGL is 18.04M, and currently, short sellers hold a 4.90% ratio of that float. The average trading volume of VIGL on August 16, 2024 was 562.25K shares.
VIGL’s Market Performance
VIGL stock saw a decrease of 6.46% in the past week, with a monthly decline of -17.42% and a quarterly a decrease of -0.72%. The volatility ratio for the week is 10.87%, and the volatility levels for the last 30 days are 9.57% for Vigil Neuroscience Inc (VIGL). The simple moving average for the past 20 days is -8.85% for VIGL’s stock, with a -5.51% simple moving average for the past 200 days.
Analysts’ Opinion of VIGL
Many brokerage firms have already submitted their reports for VIGL stocks, with Morgan Stanley repeating the rating for VIGL by listing it as a “Underweight.” The predicted price for VIGL in the upcoming period, according to Morgan Stanley is $4 based on the research report published on December 19, 2023 of the previous year 2023.
JMP Securities, on the other hand, stated in their research note that they expect to see VIGL reach a price target of $23. The rating they have provided for VIGL stocks is “Mkt Outperform” according to the report published on October 18th, 2023.
Mizuho gave a rating of “Buy” to VIGL, setting the target price at $15 in the report published on March 31st of the previous year.
VIGL Trading at -13.02% from the 50-Day Moving Average
After a stumble in the market that brought VIGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.55% of loss for the given period.
Volatility was left at 9.57%, however, over the last 30 days, the volatility rate increased by 10.87%, as shares sank -8.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.85% upper at present.
During the last 5 trading sessions, VIGL rose by +6.46%, which changed the moving average for the period of 200-days by -59.25% in comparison to the 20-day moving average, which settled at $3.78. In addition, Vigil Neuroscience Inc saw 2.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VIGL starting from Magovcevic-Liebisch Ivana, who purchase 4,000 shares at the price of $3.75 back on Nov 20 ’23. After this action, Magovcevic-Liebisch Ivana now owns 207,687 shares of Vigil Neuroscience Inc, valued at $15,000 using the latest closing price.
Stock Fundamentals for VIGL
Current profitability levels for the company are sitting at:
- -46.57 for the present operating margin
- 0.77 for the gross margin
The net margin for Vigil Neuroscience Inc stands at -43.35. The total capital return value is set at -0.92. Equity return is now at value -70.12, with -59.07 for asset returns.
Based on Vigil Neuroscience Inc (VIGL), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -5.24. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -86.19.
Currently, EBITDA for the company is -88.47 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 58.57. The receivables turnover for the company is 3.65for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.39.
Conclusion
To put it simply, Vigil Neuroscience Inc (VIGL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
