In the latest trading session, 0.8 million Kodiak Sciences Inc (NASDAQ:KOD) shares changed hands as the company’s beta touched 2.00. With the company’s most recent per share price at $2.60 changing hands around $0.11 or 4.22% at last look, the market valuation stands at $136.16M. KOD’s current price is a discount, trading about -276.92% off its 52-week high of $9.80. The share price had its 52-week low at $1.37, which suggests the last value was 47.31% up since then. When we look at Kodiak Sciences Inc’s average trading volume, we note the 10-day average is 1.4 million shares, with the 3-month average coming to 897.01K.
Analysts gave the Kodiak Sciences Inc (KOD) stock a consensus recommendation rating of an Underweight, calculated at a mean rating of 3.50. If we narrow down to specifics, the data shows that 2 out of 6 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended KOD as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Kodiak Sciences Inc’s EPS for the current quarter is expected to be -$0.83.
Kodiak Sciences Inc (NASDAQ:KOD) trade information
Instantly KOD is in green as seen in intraday trades today. With action 44.17%, the performance over the past five days has been green. The jump to weekly highs of 2.68 on Friday, 11/17/23 added 4.22% to the stock’s daily price. The company’s shares are showing year-to-date downside of -63.76%, with the 5-day performance at 44.17% in the green. However, in the 30-day time frame, Kodiak Sciences Inc (NASDAQ:KOD) is 52.65% up. Looking at the short shares, we see there were 3.35 million shares sold at short interest cover period of 7.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.25, meaning bulls need an upside of 50.48% from its recent market value. According to analyst projections, KOD’s forecast low is $2.00 with $12.00 as the target high. To hit the forecast high, the stock’s price needs a -361.54% plunge from its current level, while the stock would need to tank 23.08% for it to hit the projected low.
Kodiak Sciences Inc (KOD) estimates and forecasts
Data shows that the Kodiak Sciences Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -61.89% over the past 6 months, a 16.59% in annual growth rate that is considerably higher than the industry average of 14.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Kodiak Sciences Inc will rise 38.50%, while the growth in revenue is estimated to hit 42.20% for the next quarter.
4 analysts are of the opinion that Kodiak Sciences Inc’s revenue for the quarter ending Mar 2024 will be $3.88 million.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -53.05%. The 2023 estimates are for Kodiak Sciences Inc earnings to increase by 25.87%, but the outlook for the next 5-year period is at 12.40% per year.