A share price of Kodiak Sciences Inc [KOD] is currently trading at $4.48, up 0.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KOD shares have gain 4.92% over the last week, with a monthly amount drifted -24.07%, and not seem to be holding up well over a long-time horizon.
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On 28, March 2024, Kodiak Sciences Announces Recent Business Highlights and Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Three clinical programs present diversified opportunities in and outside the existing anti-VEGF market and are being progressed toward Phase 3 value inflection points.
From an analyst’s perspective:
Previously, CapitalOne upgraded its rating to Overweight on November 17, 2023, and elevated its price target to $12. On July 27, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. JP Morgan downgraded its rating to a Underweight. Chardan Capital Markets downgraded its rating to a Neutral. Jefferies downgraded its rating to Hold for this stock on July 24, 2023. In a note dated July 24, 2023, CapitalOne downgraded an Equal Weight rating on this stock but restated the target price of $7.
Kodiak Sciences Inc experienced fluctuations in its stock price throughout the past year between $1.37 and $9.80. Currently, Wall Street analysts expect the stock to reach $32.8 within the next 12 months. Kodiak Sciences Inc [NASDAQ: KOD] shares were valued at $4.48 at the most recent close of the market. An investor can expect a potential return of 632.14% based on the average KOD price forecast.
Analyzing the KOD fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.54, Equity is 12.49 and Total Capital is -0.63. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.31 points at the first support level, and at 4.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.59, and for the 2nd resistance point, it is at 4.69.
Kodiak Sciences Inc [KOD] reported earnings per share of -$1.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.77/share, meaning a difference of -$0.36 and a surprise factor of -46.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.95 per share as compared to estimates of -$1.21 per share, a difference of $0.26 representing a surprise of 21.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kodiak Sciences Inc [NASDAQ:KOD] is 6.93. Further, the Quick Ratio stands at 6.93, while the Cash Ratio is 6.84.
Transactions by insiders
Recent insider trading involved BORGESON JOHN A., that happened on Jun 16 ’23 when 2749.0 shares were sold., EHRLICH JASON completed a deal on Jun 16 ’23 to sell 2258.0 shares. Meanwhile, BORGESON JOHN A. sold 1448.0 shares on Jun 14 ’23.
