Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) saw an upside of 0.17% to close Friday at $5.85 after adding $0.01 on the day. The 5-day average trading volume is 412,880 shares of the company’s common stock. It has gained $6.04 in the past week and touched a new high 1 time within the past 5 days. An average of 621,725 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 606,522.
VNDA’s 1-month performance is -8.59% or -$0.53 on its low of $5.45 reached on 08/03/23. The company’s shares have touched a 52-week low of $5.45 and high of $11.05, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, VNDA has lost -20.84% or -$1.54 and has reached a new high 7 times. However, the current price is down -47.06% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
VNDA stock investors last saw insider trading activity on Aug 10.Mitchell Stephen Ray (Director) most recently sold 6,500 shares at $6.05 per share on Aug 10. This transaction cost the insider $39,349. SVP, CFO & Treasurer, Moran Kevin Patrick, sold 2,212 shares at a price of $6.30 on Jul 28. Then, on Jun 15, SVP, CFO & Treasurer Moran Kevin Patrick sold 16,000 shares at a price of $6.29 per share. This transaction amounted to $100,710.
Valuation Metrics
VNDA stock has a beta of 0.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.41 while the price-to-book (PB) in the most recent quarter is 0.62, with the price to cash flow ratio at 8.34.
Vanda Pharmaceuticals Inc.’s quick ratio for the period ended June 29 was 6.10, with the current ratio over the same period at 6.10. In terms of profitability, the gross margin trailing 12 months is 91.30%. The trailing 12-month EBITDA margin is 3.56% while for the period ending June 29, Vanda Pharmaceuticals Inc.’s operating margin was 4.10%. The firm’s gross profit as reported stood at $230.1 million against revenue of $254.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -69.08% to $1.52 million, while revenue of $3.25 million was -113.82% off the previous quarter. Analysts expected VNDA to announce -$0.13 per share in earnings in its latest quarter, but it posted $0.03, representing a 123.10% surprise. EBITDA for the quarter stood at more than -$4.22 million. VNDA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 101.78 million, with total debt at $10.31 million. Shareholders hold equity totaling $57.51 million.
Let’s look briefly at Vanda Pharmaceuticals Inc. (VNDA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 42.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.53%.
The stock’s 5-day moving average is $5.90, reflecting a -3.15% or -$0.19 change from its current price. VNDA is currently trading -10.41% above its 20-day SMA, -14.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.44% and SMA200 by-44.13%.
Stochastic %K and %D was 45.56% and 41.44% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 43.02%, while the 14-day stochastic is at 55.94% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.04 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Vanda Pharmaceuticals Inc. (NASDAQ: VNDA), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for VNDA stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate VNDA as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is VNDA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $7.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Vanda Pharmaceuticals Inc. (VNDA) stock is $7.00.
