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What Viking Therapeutics’ Valuation Trend Indicates

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Oct. 4 2018, Updated 7:31 a.m. ET

Analysts’ recommendations

In October, of the seven analysts covering Viking Therapeutics (VKTX), one has given its stock a “strong buy” rating, and six have given it “buy” ratings.

The mean rating for Viking stock is 1.86, and its target price is $32.33, implying an upside potential of 112.1% over its closing price of $15.24 on October 2.

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Peers’ ratings

In comparison, peers BeyondSpring (BYSI) and Ra Pharmaceuticals (RARX) have mean ratings of 2 and 1.83, respectively, and target prices of $53.83 and $22.17, respectively.

Valuation metrics

Viking Therapeutics has been on investors’ radar in 2018 and has generated strong returns so far. From $4.38 on January 17, the stock rose to $10.23 on June 12. After trading at this level for the next two months, it continued its climb and reached $22.16 on September 19, which was a high point for it in 2018. Viking stock has sharply corrected to its current level of $15 this month.

Viking’s EV (enterprise value) is $953.92 million, and its price-to-book ratio is 6.59.

Its current ratio, a metric of how effectively a company can meet its short-term obligations, stands at 35.10. In comparison, the current ratios of BeyondSpring and Ra Pharmaceuticals stand at 4 and 11.60, respectively, indicating that Viking Therapeutics is in a better position to satisfy its short-term obligations than its peers.

Viking Therapeutics’ cash per share stands at $2.25, while BeyondSpring and Ra Pharmaceuticals have cash per share of $0.96 and $3.09, respectively.

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