Kodiak Sciences Inc (NASDAQ: KOD)’s stock price has dropped by -29.40 in relation to previous closing price of 7.45. Nevertheless, the company has seen a loss of -8.68% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-28 that Kodiak Sciences Inc. (KOD) Q4 2023 Earnings Call Transcript
Is It Worth Investing in Kodiak Sciences Inc (NASDAQ: KOD) Right Now?
The stock has a 36-month beta value of 2.18. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 3 as “sell.”
The public float for KOD is 48.61M, and at present, short sellers hold a 4.16% of that float. On April 01, 2024, the average trading volume of KOD was 825.07K shares.
KOD’s Market Performance
KOD stock saw a decrease of -8.68% in the past week, with a monthly decline of -10.09% and a quarterly a decrease of 65.93%. The volatility ratio for the week is 16.52%, and the volatility levels for the last 30 days are 11.21% for Kodiak Sciences Inc (KOD). The simple moving average for the past 20 days is -13.24% for KOD’s stock, with a 37.35% simple moving average for the past 200 days.
Analysts’ Opinion of KOD
Many brokerage firms have already submitted their reports for KOD stocks, with Goldman repeating the rating for KOD by listing it as a “Sell.” The predicted price for KOD in the upcoming period, according to Goldman is $2 based on the research report published on December 11, 2023 of the previous year 2023.
CapitalOne, on the other hand, stated in their research note that they expect to see KOD reach a price target of $12, previously predicting the price at $7. The rating they have provided for KOD stocks is “Overweight” according to the report published on November 17th, 2023.
UBS gave a rating of “Neutral” to KOD, setting the target price at $4 in the report published on July 27th of the previous year.
KOD Trading at 0.34% from the 50-Day Moving Average
After a stumble in the market that brought KOD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.33% of loss for the given period.
Volatility was left at 11.21%, however, over the last 30 days, the volatility rate increased by 16.52%, as shares sank -12.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.85% upper at present.
During the last 5 trading sessions, KOD fell by -8.68%, which changed the moving average for the period of 200-days by -41.94% in comparison to the 20-day moving average, which settled at $6.03. In addition, Kodiak Sciences Inc saw 73.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KOD starting from BORGESON JOHN A., who sale 2,749 shares at the price of $9.23 back on Jun 16 ’23. After this action, BORGESON JOHN A. now owns 178,077 shares of Kodiak Sciences Inc, valued at $25,373 using the latest closing price.
EHRLICH JASON, the of Kodiak Sciences Inc, sale 2,258 shares at $9.23 during a trade that took place back on Jun 16 ’23, which means that EHRLICH JASON is holding 61,924 shares at $20,841 based on the most recent closing price.
Stock Fundamentals for KOD
The total capital return value is set at -0.63. Equity return is now at value -74.22, with -45.46 for asset returns.
Based on Kodiak Sciences Inc (KOD), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -1.4. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is -92440.33.
Currently, EBITDA for the company is -251.37 million with net debt to EBITDA at 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.93.
Conclusion
To sum up, Kodiak Sciences Inc (KOD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
