In the last trading session, 1.98 million shares of the Kodiak Sciences Inc (NASDAQ:KOD) were traded, and its beta was 2.23. Most recently the company’s share price was $10.15, and it changed around $2.32 or 29.63% from the last close, which brings the market valuation of the company to $569.01M. KOD currently trades at a discount to its 52-week high of $8.10, offering almost 20.2% off that amount. The share price’s 52-week low was $2.18, which indicates that the current value has risen by an impressive 78.52% since then. We note from Kodiak Sciences Inc’s average daily trading volume that its 10-day average is 0.34 million shares, with the 3-month average coming to 289.72K.
Kodiak Sciences Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.29. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended KOD as a Hold, whereas 1 deemed it a Buy, and 3 rated it as Underweight.
Kodiak Sciences Inc (NASDAQ:KOD) trade information
Instantly KOD has showed a green trend with a performance of 29.63% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.60 on recent trading dayincreased the stock’s daily price by 12.5%. The company’s shares are currently up 233.88% year-to-date, but still up 36.61% over the last five days. On the other hand, Kodiak Sciences Inc (NASDAQ:KOD) is 111.02% up in the 30-day period. We can see from the shorts that 1.3 million shares have been sold at a short interest cover period of 5.19 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 7.73% from its current value. Analyst projections state that KOD is forecast to be at a low of $2 and a high of $20.
Kodiak Sciences Inc (KOD) estimates and forecasts
Kodiak Sciences Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 265.11 percent over the past six months and at a 29.98% annual growth rate that is well above the industry average of 17.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.42%. Kodiak Sciences Inc earnings are expected to increase by 31.71% in 2024, but the outlook is positive 12.40% per year for the next five years.
KOD Dividends
Kodiak Sciences Inc’s next quarterly earnings report is expected to be released in January.
Kodiak Sciences Inc (NASDAQ:KOD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.66% of Kodiak Sciences Inc shares, and 77.79% of them are in the hands of institutional investors. The stock currently has a share float of 82.46%. Kodiak Sciences Inc stock is held by 144.0 institutions, with BAKER BROS. ADVISORS LP being the largest institutional investor. By 2024-06-30, it held 32.9658% of the shares, which is about 17.31 million shares worth $40.68 million.
BLACKROCK INC., with 7.3258% or 3.85 million shares worth $9.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
