The stock of Kodiak Sciences Inc. (NASDAQ:KOD) increased by $0.01 on Friday to finish at $2.27, up 0.44 percent. The last five days have seen an average of 757,800 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$4.89. The average number of shares traded over the last 20 days was 858,755, while the average volume over the last 50 days totaled 1,314,216.
KOD stock dropped -21.72% since last month. On 08/25/23, the company’s shares reached a one-month low of $2.22. The stock touched a high of $11.56 on 06/07/23, after rallying from a low of $2.23 in 52 weeks. The price of KOD stock has declined by -68.30% or -$4.89 this year, reaching a new high 5 times. Still, the stock price is down -80.36% from the 52-week high.
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Insider Transactions
KOD stock investors should be aware that Kodiak Sciences Inc. (KOD) stock had its last reported insider trading activity 73 days ago on Jun 16. On Jun 16, BORGESON JOHN A. sold 2,749 shares at $9.23 each. This transaction resulted in the insider making $25,373. On Jun 16, EHRLICH JASON sold 2,258 shares at a price of US$9.23. After the transaction, the insider now owns 61,924 shares. BORGESON JOHN A. had earlier sold 1,448 shares on Jun 14 for $9.42 a share. The transaction was completed for $13,640.
Financial Health
For the three months ended June 29, Kodiak Sciences Inc.’s quick ratio was 5.20, while its current ratio was 5.20, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $18000.0 and revenue of $341.38 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KOD’s return on assets (ROA) during the last 12 months has been -45.60%. In the meantime, the return on equity (ROE) for the last 12 months was -72.50%.
Earnings Surprise
According to Kodiak Sciences Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Kodiak Sciences Inc.’s quarterly earnings would be -$1.53, but it ended up being -$1.14, beating the consensus by -34.20%. EBITDA was -$78.5 million for the quarter. At the end of Kodiak Sciences Inc.’s most recent quarter ended June 29, its liabilities totaled 251.18 million, while its total debt was $84.79 million. Equity owned by shareholders amounts to $52.45 million.
Technical Picture
Here’s a quick look at Kodiak Sciences Inc.’s (KOD) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 20.86%, suggesting the stock is oversold, with a 48.70% historical volatility rate.
The stochastic %K and %D were 5.71% and 6.56% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 4.03%, the RSI (14) reading is 24.96%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.37.
Analyst Ratings
Kodiak Sciences Inc. (NASDAQ: KOD) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Kodiak Sciences Inc. (KOD) an Underweight rating. KOD is a stock that is recommended for selling by 2 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is KOD’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $7.00, with a median target price of $3.50. In analyzing these forecasts, the average price target given by analysts for Kodiak Sciences Inc. (KOD) is $4.00.
