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Karyopharm Therapeutics Inc (NASDAQ: KPTI) Could Soar To Much Higher Prices In Coming Months

In the last trading session, 2.1 million Karyopharm Therapeutics Inc (NASDAQ:KPTI) shares changed hands as the company’s beta touched -0.01. With the company’s per share price at $1.34 changed hands at -$0.17 or -11.26% during last session, the market valuation stood at $153.47M. KPTI’s last price was a discount, traded about -263.43% off its 52-week high of $4.87. The share price had its 52-week low at $0.62, which suggests the last value was 53.73% up since then. When we look at Karyopharm Therapeutics Inc’s average trading volume, we note the 10-day average is 3.98 million shares, with the 3-month average coming to 1.31.

Karyopharm Therapeutics Inc (NASDAQ:KPTI) trade information

Instantly KPTI was in red as seen at the end of in last trading. With action 28.85%, the performance over the past five days has been green. The drop to weekly highs of 1.9500 subtracted -11.26% to the stock’s daily price. The company’s shares are showing year-to-date upside of 54.91%, with the 5-day performance at 28.85% in the green. However, in the 30-day time frame, Karyopharm Therapeutics Inc (NASDAQ:KPTI) is 63.00% up. Looking at the short shares, we see there were 18.9 million shares sold at short interest cover period of 17.79 days.

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Karyopharm Therapeutics Inc (KPTI) estimates and forecasts

Data shows that the Karyopharm Therapeutics 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 -19.76% over the past 6 months, a 42.08% in annual growth rate that is considerably higher than the industry average of 11.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.40%. The 2024 estimates are for Karyopharm Therapeutics Inc earnings to increase by 40.81%.

KPTI Dividends

Karyopharm Therapeutics Inc is expected to release its next quarterly earnings report between February 13 and February 19.

Karyopharm Therapeutics Inc (NASDAQ:KPTI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.94% of Karyopharm Therapeutics Inc shares while 71.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.10%. There are 71.39% institutions holding the Karyopharm Therapeutics Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 10.09% of the shares, roughly 11.54 million KPTI shares worth $20.65 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 7.59% or 8.68 million shares worth $15.54 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.41 million shares estimated at $6.1 million under it, the former controlled 2.98% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.23% of the shares, roughly 2.55 million shares worth around $3.26 million.

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