Keros Therapeutics Inc (KROS): Why Is The Stock Strong?

Keros Therapeutics Inc (NASDAQ:KROS) has a beta value of 1.25 and has seen 2.24 million shares traded in the last trading session. The company, currently valued at $729.13M, closed the last trade at $18.00 per share which meant it lost -$1.42 on the day or -7.31% during that session. The KROS stock price is -305.56% off its 52-week high price of $73.00 and 12.94% above the 52-week low of $15.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.57 million shares traded. The 3-month trading volume is 717.47K shares.

The consensus among analysts is that Keros Therapeutics Inc (KROS) is Buy stock at the moment, with a recommendation rating of 1.43. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.52.

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Keros Therapeutics Inc (NASDAQ:KROS) trade information

Sporting -7.31% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the KROS stock price touched $18.00 or saw a rise of 74.01%. Year-to-date, Keros Therapeutics Inc shares have moved -54.73%, while the 5-day performance has seen it change -72.85%. Over the past 30 days, the shares of Keros Therapeutics Inc (NASDAQ:KROS) have changed -68.21%. Short interest in the company has seen 2.2 million shares shorted with days to cover at 5.28.

Wall Street analysts have a consensus price target for the stock at $102.5, which means that the shares’ value could jump 82.44% from current levels. The projected low price target is $96.0 while the price target rests at a high of $107.0. In that case, then, we find that the current price level is -494.44% off the targeted high while a plunge would see the stock gain -433.33% from current levels.

Keros Therapeutics Inc (KROS) estimates and forecasts

Figures show that Keros Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -59.69% over the past 6 months, with this year growth rate of 8.65%, compared to 17.20% for the industry. Revenue growth from the last financial year stood is estimated to be 19,609.36%.

12 analysts offering their estimates for the company have set an average revenue estimate of 34.21M for the current quarter. 9 have an estimated revenue figure of 22.23M for the next ending quarter. Year-ago sales stood 143k and 83k respectively for this quarter and the next, and analysts expect sales will grow by 23,821.91% for the current quarter and 19,609.36% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -111.11% over the past 5 years. Earnings growth for 2024 is a modest 0.03% while over the next 5 years, the company’s earnings are expected to increase by 4.80%.

KROS Dividends

Keros Therapeutics Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Keros Therapeutics Inc (NASDAQ:KROS)’s Major holders

Insiders own 5.43% of the company shares, while shares held by institutions stand at 100.86% with a share float percentage of 106.66%. Investors are also buoyed by the number of investors in a company, with Keros Therapeutics Inc having a total of 244.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 4.72 million shares worth more than $215.69 million. As of 2024-06-30, FMR LLC held 16.0279% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 2.51 million shares as of 2024-06-30. The firm’s total holdings are worth over $114.86 million and represent 8.5348% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and ACAP Strategic Fund . As of Sep 30, 2024 , the former fund manager holds about 2.37% shares in the company for having 961.35 shares of worth $17.3 million while later fund manager owns 933.99 shares of worth $16.81 million as of Sep 30, 2024 , which makes it owner of about 2.31% of company’s outstanding stock.