Kyverna Therapeutics Inc. (NASDAQ: KYTX) has seen a decline in its stock price by -7.80 in relation to its previous close of 5.64. However, the company has experienced a -7.31% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-21 that Enriches Board’s expertise in corporate strategy and business development, with vast experience leading biopharmaceutical companies through rapid growth and creating value across innovative therapeutic platforms, including cell therapy EMERYVILLE, Calif., Oct. 21, 2024 /PRNewswire/ — Kyverna Therapeutics, Inc. (Kyverna), a patient-centered, clinical-stage biopharmaceutical company focused on developing cell therapies for patients suffering from autoimmune diseases, today announced the appointment of biotechnology executive and cell therapy veteran Mert Aktar as an independent director to its Board of Directors.
Is It Worth Investing in Kyverna Therapeutics Inc. (NASDAQ: KYTX) Right Now?
Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for KYTX is 17.68M, and currently, short sellers hold a 12.84% ratio of that float. The average trading volume of KYTX on October 22, 2024 was 409.30K shares.
KYTX’s Market Performance
The stock of Kyverna Therapeutics Inc. (KYTX) has seen a -7.31% decrease in the past week, with a -18.62% drop in the past month, and a -44.74% fall in the past quarter. The volatility ratio for the week is 7.70%, and the volatility levels for the past 30 days are at 7.87% for KYTX. The simple moving average for the past 20 days is 2.70% for KYTX’s stock, with a -63.29% simple moving average for the past 200 days.
Analysts’ Opinion of KYTX
Many brokerage firms have already submitted their reports for KYTX stocks, with UBS repeating the rating for KYTX by listing it as a “Buy.” The predicted price for KYTX in the upcoming period, according to UBS is $13 based on the research report published on October 10, 2024 of the current year 2024.
Rodman & Renshaw, on the other hand, stated in their research note that they expect to see KYTX reach a price target of $16. The rating they have provided for KYTX stocks is “Buy” according to the report published on October 09th, 2024.
H.C. Wainwright gave a rating of “Neutral” to KYTX, setting the target price at $8 in the report published on July 03rd of the current year.
KYTX Trading at -18.51% from the 50-Day Moving Average
After a stumble in the market that brought KYTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.17% of loss for the given period.
Volatility was left at 7.87%, however, over the last 30 days, the volatility rate increased by 7.70%, as shares sank -11.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.73% lower at present.
During the last 5 trading sessions, KYTX fell by -7.31%, in comparison to the 20-day moving average, which settled at $5.06. In addition, Kyverna Therapeutics Inc. saw -82.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KYTX starting from Vida Ventures, LLC, who purchase 253,136 shares at the price of $22.00 back on Feb 12 ’24. After this action, Vida Ventures, LLC now owns 252,553 shares of Kyverna Therapeutics Inc., valued at $5,568,992 using the latest closing price.
Bain Capital Life Sciences Inv, the 10% Owner of Kyverna Therapeutics Inc., purchase 450,000 shares at $22.00 during a trade that took place back on Feb 12 ’24, which means that Bain Capital Life Sciences Inv is holding 3,163,868 shares at $9,900,000 based on the most recent closing price.
Stock Fundamentals for KYTX
The total capital return value is set at -0.3.
Based on Kyverna Therapeutics Inc. (KYTX), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -7.94. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -558.07.
Currently, EBITDA for the company is -58.47 million with net debt to EBITDA at 1.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.86.
Conclusion
To put it simply, Kyverna Therapeutics Inc. (KYTX) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
