In last trading session, Kodiak Sciences Inc (NASDAQ:KOD) saw 1.61 million shares changing hands with its beta currently measuring 2.15. Company’s recent per share price level of $6.25 trading at $0.49 or 8.51% at ring of the bell on the day assigns it a market valuation of $327.94M. That closing price of KOD’s stock is at a discount of -56.8% from its 52-week high price of $9.80 and is indicating a premium of 78.08% from its 52-week low price of $1.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.93 million shares which gives us an average trading volume of 729.35K if we extend that period to 3-months.
Kodiak Sciences Inc (NASDAQ:KOD) trade information
Upright in the green during last session for gaining 8.51%, in the last five days KOD remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $6.25 price level, adding 3.99% to its value on the day. Kodiak Sciences Inc’s shares saw a change of 105.59% in year-to-date performance and have moved 6.66% in past 5-day. Kodiak Sciences Inc (NASDAQ:KOD) showed a performance of 18.60% in past 30-days. Number of shares sold short was 1.83 million shares which calculate 2.33 days to cover the short interests.
Kodiak Sciences Inc (KOD) estimates and forecasts
Statistics highlight that Kodiak Sciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 214.07% of value to its shares in past 6 months, showing an annual growth rate of 25.20% while that of industry is 12.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 43.00% in the current quarter and calculating 34.10% increase in the next quarter.
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 -53.05% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 28.07% while estimates for its earnings growth in next 5 years are of 12.40%.
KOD Dividends
Kodiak Sciences Inc is more likely to be releasing its next quarterly report between March 26 and April 01 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.
Kodiak Sciences Inc (NASDAQ:KOD)’s Major holders
Insiders are in possession of 5.66% of company’s total shares while institution are holding 78.94 percent of that, with stock having share float percentage of 83.68%. Investors also watch the number of corporate investors in a company very closely, which is 78.94% institutions for Kodiak Sciences Inc that are currently holding shares of the company. Baker Brothers Advisors, LLC is the top institutional holder at KOD for having 17.31 million shares of worth $108.19 million. And as of Dec 30, 2023, it was holding 32.99% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.03 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 7.69% of outstanding shares, having a total worth of $25.21 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 Dec 30, 2023, the former fund manager was holding 0.98 million shares of worth $6.13 million or 1.87% of the total outstanding shares. The later fund manager was in possession of 0.81 million shares on Jan 30, 2024, making its stake of worth around $5.04 million in the company or a holder of 1.54% of company’s stock.
