At the time of writing, Cytokinetics Inc [CYTK] stock is trading at $50.41, up 2.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The CYTK shares have gain 3.62% over the last week, with a monthly amount glided 2.13%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cytokinetics Inc [NASDAQ: CYTK] stock has seen the most recent analyst activity on January 22, 2025, when Stifel initiated its Buy rating and assigned the stock a price target of $80. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on November 08, 2024, and set its price target to $80. On August 13, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $60 on the stock. UBS downgraded its rating to a Neutral and increased its price target to $92 on January 24, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $90 on January 05, 2024. Goldman started tracking with a Buy rating for this stock on November 09, 2023, and assigned it a price target of $50. In a note dated November 07, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $66 on this stock.
For the past year, the stock price of Cytokinetics Inc fluctuated between $44.49 and $81.36. Currently, Wall Street analysts expect the stock to reach $90 within the next 12 months. Cytokinetics Inc [NASDAQ: CYTK] shares were valued at $50.41 at the most recent close of the market. An investor can expect a potential return of 78.54% based on the average CYTK price forecast.
Analyzing the CYTK fundamentals
According to Cytokinetics Inc [NASDAQ:CYTK], the company’s sales were 3.22M for trailing twelve months, which represents an 22.49% jump. Gross Profit Margin for this corporation currently stands at -28.72% with Operating Profit Margin at -162.98%, Pretax Profit Margin comes in at -179.06%, and Net Profit Margin reading is -179.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is 3.35 and Total Capital is -0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -56.76.
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 49.44 points at the first support level, and at 48.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.51, and for the 2nd resistance point, it is at 52.60.
Ratios To Look Out For
It is important to note that Cytokinetics Inc [NASDAQ:CYTK] has a current ratio of 9.28. On the other hand, the Quick Ratio is 9.28, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1847.55.
Transactions by insiders
Recent insider trading involved Malik Fady Ibraham, EVP Research & Development, that happened on Feb 04 ’25 when 2000.0 shares were sold. EVP Research & Development, Malik Fady Ibraham completed a deal on Jan 21 ’25 to sell 2000.0 shares. Meanwhile, EVP Research & Development Malik Fady Ibraham sold 2000.0 shares on Jan 07 ’25.
