KalVista Pharmaceuticals Inc (NASDAQ:KALV): Buy, Sell Or Hold At $16.00?

In last trading session, KalVista Pharmaceuticals Inc (NASDAQ:KALV) saw 0.45 million shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $16.00 trading at $1.1 or 7.38% at ring of the bell on the day assigns it a market valuation of $552.96M. That closing price of KALV’s stock is at a discount of -5.5% from its 52-week high price of $16.88 and is indicating a premium of 60.88% from its 52-week low price of $6.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.66 million shares which gives us an average trading volume of 403.48K if we extend that period to 3-months.

KalVista Pharmaceuticals Inc (NASDAQ:KALV) trade information

Upright in the green during last session for gaining 7.38%, in the last five days KALV remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $16.00 price level, adding 1.48% to its value on the day. KalVista Pharmaceuticals Inc’s shares saw a change of 30.61% in year-to-date performance and have moved 5.12% in past 5-day. KalVista Pharmaceuticals Inc (NASDAQ:KALV) showed a performance of 25.89% in past 30-days. Number of shares sold short was 2.76 million shares which calculate 6.07 days to cover the short interests.

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KalVista Pharmaceuticals Inc (KALV) estimates and forecasts

Statistics highlight that KalVista Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 47.60% of value to its shares in past 6 months, showing an annual growth rate of 10.51% while that of industry is 11.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -2.70% in the current quarter and calculating 11.70% increase in the next quarter.

And 4 analysts are in estimates of company making revenue of $4.46 million in the next quarter that will end on Apr 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.84% during past 5 years.

KALV Dividends

KalVista Pharmaceuticals Inc is more likely to be releasing its next quarterly report between March 07 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

KalVista Pharmaceuticals Inc (NASDAQ:KALV)’s Major holders

Insiders are in possession of 0.83% of company’s total shares while institution are holding 112.93 percent of that, with stock having share float percentage of 113.88%. Investors also watch the number of corporate investors in a company very closely, which is 112.93% institutions for KalVista Pharmaceuticals Inc that are currently holding shares of the company. Tang Capital Management, LLC is the top institutional holder at KALV for having 3.44 million shares of worth $55.05 million. And as of Sep 29, 2023, it was holding 9.96% of the company’s outstanding shares.

The second largest institutional holder is TCG Crossover Management, LLC, which was holding about 3.4 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 9.83% of outstanding shares, having a total worth of $54.33 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 1.15 million shares of worth $18.45 million or 3.34% of the total outstanding shares. The later fund manager was in possession of 0.81 million shares on Dec 30, 2023, making its stake of worth around $13.02 million in the company or a holder of 2.35% of company’s stock.

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