Kodiak Sciences Inc (NASDAQ: KOD) stock fell -2.41% on Monday to $2.43 against a previous-day closing price of $2.49. With 1.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.9 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $2.7000 whereas the lowest price it dropped to was $2.3900. The 52-week range on KOD shows that it touched its highest point at $9.80 and its lowest point at $1.37 during that stretch. It currently has a 1-year price target of $5.25. Beta for the stock currently stands at 2.00.
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 up-trending over the past week, with a rise of 35.00%, but this was up by 42.94% over a month. Three-month performance surged to 3.85% while six-month performance fell -64.32%. The stock lost -68.07% in the past year, while it has lost -66.06% so far this year. A look at the trailing 12-month EPS for KOD yields -5.18 with Next year EPS estimates of -2.36. For the next quarter, that number is -0.83. This implies an EPS growth rate of 25.87% for this year and 50.22% 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 -53.05%.
Float and Shares Shorts:
At present, 52.33 million KOD shares are outstanding with a float of 48.88 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.35 million, which was 6.38% higher than short shares on Sep 28, 2023. In addition to KO as the firm’s Coca-Cola Company (The), VOD serves as its Vodafone Group Plc.
Through their ownership of 79.77% of KOD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.42% of KOD, in contrast to 40.33% held by mutual funds. Shares owned by individuals account for 14.90%. 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 3,097,210 shares, controlling over 5.91% of the firm’s shares. Millennium Management LLC is the third largest shareholder in KOD, holding 1,709,433 shares or 3.26% 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 1.44% of KOD stock, is the second-largest Mutual Fund holder. It holds 756,958 shares valued at 1.1 million. BlackRock Advantage Small Cap Cor holds 1.06% of the stake in KOD, owning 556,007 shares worth 0.81 million.
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 $12.00 and a low target of $2.00, the average target price over the next 12 months is $5.25. Based on these targets, KOD could surge 393.83% to reach the target high and fall by -17.7% to reach the target low. Reaching the average price target will result in a growth of 116.05% from current levels.
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.