Take off with Ventyx Biosciences Inc (VTYX): Get ready for trading

With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.84 million shares. The 52-week range on VTYX shows that it touched its highest point at $11.48 and its lowest point at $1.57 during that stretch. It currently has a 1-year price target of $11.14. Beta for the stock currently stands at 0.51.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VTYX was down-trending over the past week, with a drop of -4.17%, but this was down by -25.46% over a month. Three-month performance dropped to -9.04% while six-month performance fell -17.86%. The stock lost -46.15% in the past year, while it has lost -26.48% so far this year. A look at the trailing 12-month EPS for VTYX yields -2.37 with Next year EPS estimates of -2.06. For the next quarter, that number is -0.53. This implies an EPS growth rate of 36.48% for this year and 1.74% for next year. EPS is expected to grow by 18.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -148.81%.

Float and Shares Shorts:

At present, 70.67 million VTYX shares are outstanding with a float of 59.08 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VTYX since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.00598 being high and -$2.18652 being low. For VTYX, this leads to a yearly average estimate of -$2.09625. Based on analyst estimates, the high estimate for the next quarter is -$0.47 and the low estimate is -$0.71. The average estimate for the next quarter is thus -$0.58.