A share price of Cytokinetics Inc [CYTK] is currently trading at $54.53, down -1.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CYTK shares have gain 2.60% over the last week, with a monthly amount drifted -2.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cytokinetics Inc [NASDAQ: CYTK] stock has seen the most recent analyst activity on August 13, 2024, when Goldman downgraded its rating to a Neutral and also revised its price target to $60 from $85. Previously, UBS downgraded its rating to Neutral on January 24, 2024, and elevated its price target to $92. On January 05, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $90 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $50 on November 09, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $66 as its price target on November 07, 2023. SVB Securities started tracking with a Outperform rating for this stock on August 15, 2023, and assigned it a price target of $58. In a note dated February 17, 2023, BofA Securities initiated an Neutral rating and provided a target price of $49 on this stock.
Cytokinetics Inc experienced fluctuations in its stock price throughout the past year between $30.37 and $110.25. Currently, Wall Street analysts expect the stock to reach $83.23 within the next 12 months. Cytokinetics Inc [NASDAQ: CYTK] shares were valued at $54.53 at the most recent close of the market. An investor can expect a potential return of 52.63% based on the average CYTK price forecast.
Analyzing the CYTK fundamentals
Trailing Twelve Months sales for Cytokinetics Inc [NASDAQ:CYTK] were 3.13M which represents -71.28% decline. Gross Profit Margin for this corporation currently stands at -28.87% with Operating Profit Margin at -161.48%, Pretax Profit Margin comes in at -173.99%, and Net Profit Margin reading is -173.99%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is 1.96 and Total Capital is -0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.2.
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 54.03 points at the first support level, and at 53.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.18, and for the 2nd resistance point, it is at 55.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cytokinetics Inc [NASDAQ:CYTK] is 10.39. Also, the Quick Ratio is 10.39, while the Cash Ratio stands at 1.85. Considering the valuation of this stock, the price to sales ratio is 2049.84, the price to book ratio is 59.04.
Transactions by insiders
Recent insider trading involved Malik Fady Ibraham, EVP Research & Development, that happened on Oct 15 ’24 when 7300.0 shares were sold. Officer, FADY MALIK completed a deal on Oct 15 ’24 to buy 7300.0 shares. Meanwhile, President & CEO Blum Robert I sold 5000.0 shares on Oct 09 ’24.
