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Friday, September 29, 2023

An Evaluation Of Kodiak Sciences Inc. (NASDAQ: KOD) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Kodiak Sciences Inc. (KOD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -2.33%, to $2.10. The Kodiak Sciences Inc. has recorded 5,480 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Kodiak Sciences to Present at the Morgan Stanley 21st Annual Global Healthcare Conference.

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Stocks Info

KOD belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $2.15 and fluctuated between $2.1900 as its day high and $2.1000 as its day low. The current market capitalization of Kodiak Sciences Inc. is $115.71M. A total of 0.66 million shares were traded on the day, compared to an average of 1.17M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KOD has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 10,988 and the disposition of 7,587 shares. Over the last 12 months, there were 4 BUYs and 5 SELLs from insiders. Insiders purchased 16,913 shares during that period but sold 67,587.

In the most recent transaction, BORGESON JOHN A. sold 2,749 shares of KOD for 9.23 per share on Jun 16. After the transaction, the insider now owns 178,077 company shares. In a previous transaction on Jun 16, EHRLICH JASON sold 2,258 shares at 9.23 per share. KOD shares that owns now total 61,924.

Among the insiders who sold shares, BORGESON JOHN A. disposed of 1,448 shares on Jun 14 at a per-share price of $9.42. This resulted in the insider holding 175,332 shares of KOD after the transaction. In another insider transaction, EHRLICH JASON sold 1,132 shares at $9.42 per share on Jun 14. Company shares held by the insider now total 58,688.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KOD in the last 3 months, the mean price target is $4.00 with high estimates of $7.00 and low estimates of $2.00. In terms of 52-week highs and lows, KOD has a high of $9.89 and a low of $2.03.

As of this writing, KOD has an earnings estimate of -$1.23 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.41 per share and a lower estimate of -$1.64. The company reported an EPS of -$1.35 in the last quarter, which was -1.50% lower than expectations of -$1.33.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. KOD’s latest balance sheet shows that the firm has $731.51M in Cash & Short Term Investments as of fiscal 2021. There were $80.00M in debt and $64.68M in liabilities at the time. Its Book Value Per Share was $6.46, while its Total Shareholder’s Equity was $663.32M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KOD is Buy with a score of 2.43.

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