The stock of Kodiak Sciences Inc (KOD) has seen a 22.68% increase in the past week, with a 24.06% gain in the past month, and a 14.98% flourish in the past quarter. The volatility ratio for the week is 7.09%, and the volatility levels for the past 30 days are at 6.44% for KOD. The simple moving average for the past 20 days is 21.44% for KOD’s stock, with a -7.72% simple moving average for the past 200 days.
Is It Worth Investing in Kodiak Sciences Inc (NASDAQ: KOD) Right Now?
The 36-month beta value for KOD is also noteworthy at 2.32. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KOD is 48.71M, and at present, short sellers hold a 3.17% of that float. The average trading volume of KOD on October 18, 2024 was 181.55K shares.
KOD) stock’s latest price update
The stock price of Kodiak Sciences Inc (NASDAQ: KOD) has jumped by 10.00 compared to previous close of 3.00. Despite this, the company has seen a gain of 22.68% in its stock price over the last five trading days. prnewswire.com reported 2024-10-14 that PALO ALTO, Calif., Oct. 14, 2024 /PRNewswire/ — Kodiak Sciences Inc. (Nasdaq: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat a broad spectrum of retinal diseases, announced today its participation in a presentation and panel at Innovate Retina 2024 on October 17, 2024, in Chicago, Illinois.
Analysts’ Opinion of KOD
Many brokerage firms have already submitted their reports for KOD stocks, with H.C. Wainwright repeating the rating for KOD by listing it as a “Neutral.” The predicted price for KOD in the upcoming period, according to H.C. Wainwright is $3 based on the research report published on September 05, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see KOD reach a price target of $2. The rating they have provided for KOD stocks is “Sell” according to the report published on December 11th, 2023.
CapitalOne gave a rating of “Overweight” to KOD, setting the target price at $12 in the report published on November 17th of the previous year.
KOD Trading at 25.62% 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 -57.53% of loss for the given period.
Volatility was left at 6.44%, however, over the last 30 days, the volatility rate increased by 7.09%, as shares surge +27.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.63% upper at present.
During the last 5 trading sessions, KOD rose by +22.68%, which changed the moving average for the period of 200-days by +3.77% in comparison to the 20-day moving average, which settled at $2.72. In addition, Kodiak Sciences Inc saw 8.55% 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 2,874 shares at the price of $2.75 back on Jun 17 ’24. After this action, BORGESON JOHN A. now owns 182,164 shares of Kodiak Sciences Inc, valued at $7,904 using the latest closing price.
BORGESON JOHN A., the of Kodiak Sciences Inc, sale 1,558 shares at $2.92 during a trade that took place back on Jun 12 ’24, which means that BORGESON JOHN A. is holding 179,544 shares at $4,549 based on the most recent closing price.
Stock Fundamentals for KOD
The total capital return value is set at -0.56. Equity return is now at value -71.50, with -39.89 for asset returns.
Based on Kodiak Sciences Inc (KOD), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -1.19. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 42382.4.
Currently, EBITDA for the company is -259.02 million with net debt to EBITDA at 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.59.
Conclusion
In summary, Kodiak Sciences Inc (KOD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
