Analysts Predict An Vanda Pharmaceuticals Inc (NASDAQ: VNDA) Spike?

Vanda Pharmaceuticals Inc (NASDAQ:VNDA) shares, rose in value on Friday, May 17, with the stock price down by -1.79% to the previous day’s close as strong demand from buyers drove the stock to $5.48.

Actively observing the price movement in the last trading, the stock closed the session at $5.58. Referring to stock’s 52-week performance, its high was $6.76, and the low was $3.30. On the whole, VNDA has fluctuated by 10.26% over the past month.

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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VNDA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VNDA currently trading nearly 10.75% and 22.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.70, while the 7-day volatility ratio is showing 4.01% which for the 30-day chart, stands at 5.23%. Furthermore, Vanda Pharmaceuticals Inc (VNDA)’s beta value is 0.73, and its average true range (ATR) is 0.30.

A comparison of Vanda Pharmaceuticals Inc (VNDA) with its peers suggests the former has fared considerably weaker in the market. VNDA showed an intraday change of -1.79% in last session, and over the past year, it shrunk by -11.76%%.

Data on historical trading for Vanda Pharmaceuticals Inc (NASDAQ:VNDA) indicates that the trading volumes over the past 3 months, they’ve averaged 2.43 million. According to company’s latest data on outstanding shares, there are 57.53 million shares outstanding.

Nearly 5.26% of Vanda Pharmaceuticals Inc’s shares belong to company insiders and institutional investors own 83.17% of the company’s shares. The stock has risen by 29.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VNDA stock heading into the next quarter.

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