There is no way Kodiak Sciences Inc. (KOD) can keep these numbers up

Kodiak Sciences Inc. (NASDAQ: KOD) stock fell -1.38% on Monday to $2.14 against a previous-day closing price of $2.17. With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.18 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $2.1850 whereas the lowest price it dropped to was $2.0700. The 52-week range on KOD shows that it touched its highest point at $9.80 and its lowest point at $2.03 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 1.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KOD was down-trending over the past week, with a drop of -3.60%, but this was down by -17.37% over a month. Three-month performance dropped to -76.22% while six-month performance fell -58.20%. The stock lost -77.40% in the past year, while it has lost -70.11% so far this year. A look at the trailing 12-month EPS for KOD yields -5.70 with Next year EPS estimates of -2.54. For the next quarter, that number is -1.23. This implies an EPS growth rate of -23.90% for this year and 49.90% for next year. EPS is expected to grow by 12.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -51.90%.

Float and Shares Shorts:

At present, 52.38 million KOD shares are outstanding with a float of 49.46 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.71 million, which was 5.17% higher than short shares on Jul 30, 2023. In addition to Dr. Victor Perlroth M.D. as the firm’s Co-Founder, Chairman, CEO & Pres, Mr. John A. Borgeson CPA, CPA, M.B.A., MBA serves as its Sr. VP, CFO & Sec.

Institutional Ownership:

Through their ownership of 79.77% of KOD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 66.45% of KOD, in contrast to 40.33% held by mutual funds. Shares owned by individuals account for 15.00%. As the largest shareholder in KOD with 33.00% of the stake, Baker Bros. Advisors LP holds 17,310,490 shares worth 17,310,490. A second-largest stockholder of KOD, BlackRock Fund Advisors, holds 3,187,741 shares, controlling over 6.08% of the firm’s shares. Fairmount Funds Management LLC is the third largest shareholder in KOD, holding 1,985,245 shares or 3.79% stake. With a 1.87% stake in KOD, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 980,492 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.40% of KOD stock, is the second-largest Mutual Fund holder. It holds 731,803 shares valued at 1.61 million. BlackRock Advantage Small Cap Cor holds 1.06% of the stake in KOD, owning 556,007 shares worth 1.22 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KOD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KOD analysts setting a high price target of $7.00 and a low target of $2.00, the average target price over the next 12 months is $4.00. Based on these targets, KOD could surge 227.1% to reach the target high and fall by -6.54% to reach the target low. Reaching the average price target will result in a growth of 86.92% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded KOD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 16,913 while 67,587 shares were sold.

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