Kodiak Sciences Inc. (NASDAQ:KOD) saw a downside of -3.86% to close Friday at $2.49 after subtracting -$0.1 on the day. The 5-day average trading volume is 729,060 shares of the company’s common stock. It has gained $3.23 in the past week and touched a new high 1 time within the past 5 days. An average of 2,231,100 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,311,942.
KOD’s 1-month performance is -64.83% or -$4.46 on its low of $2.45 reached on 08/17/23. The company’s shares have touched a 52-week low of $2.45 and high of $11.57, with the stock’s rally to the 52-week high happening on 06/07/23. YTD, KOD has lost -65.22% or -$4.67 and has reached a new high 5 times. However, the current price is down -78.48% from the 52-week high price.
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Insider Transactions
KOD stock investors last saw insider trading activity on Jun 16.BORGESON JOHN A. () most recently sold 2,749 shares at $9.23 per share on Jun 16. This transaction cost the insider $25,373., EHRLICH JASON, sold 2,258 shares at a price of $9.23 on Jun 16. Then, on Jun 14, BORGESON JOHN A. sold 1,448 shares at a price of $9.42 per share. This transaction amounted to $13,640.
Valuation Metrics
KOD stock has a beta of 1.70. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.39.
Kodiak Sciences Inc.’s quick ratio for the period ended June 29 was 5.20, with the current ratio over the same period at 5.20. The firm’s gross profit as reported stood at $18000.0 against revenue of $341.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -13.02% to -$80.19 million, while revenue of -$70.78 million was 11.73% off the previous quarter. Analysts expected KOD to announce -$1.14 per share in earnings in its latest quarter, but it posted -$1.53, representing a -34.20% surprise. EBITDA for the quarter stood at more than -$78.5 million. KOD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 251.18 million, with total debt at $84.79 million. Shareholders hold equity totaling $52.45 million.
Let’s look briefly at Kodiak Sciences Inc. (KOD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 22.37% to suggest the stock is trending oversold, with historical volatility in this time period at 77.39%.
The stock’s 5-day moving average is $2.68, reflecting a -22.91% or -$0.74 change from its current price. KOD is currently trading -65.84% above its 20-day SMA, -49.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -73.08% and SMA200 by-65.32%.
Stochastic %K and %D was 8.75% and 12.24% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 26.18%, while the 14-day stochastic is at 3.96% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.30 and -0.40 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Kodiak Sciences Inc. (NASDAQ: KOD), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for KOD stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate KOD as a “sell,”, while 4 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 KOD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $7.00, with their median price target at $3.50. Looking at these predictions, the average price target given by analysts is for Kodiak Sciences Inc. (KOD) stock is $4.00.
