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Tuesday, September 26, 2023

Analyst Expects Kodiak Sciences Inc. (NASDAQ: KOD) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Kodiak Sciences Inc. (KOD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 2.76%, to $2.23. The Kodiak Sciences Inc. has recorded 45,496 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

As a NASDAQ listed company, KOD falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $2.17 and fluctuated between $2.2600 as its day high and $2.1700 as its day low. The current market capitalization of Kodiak Sciences Inc. is $115.90M. A total of 0.88 million shares were traded on the day, compared to an average of 1.17M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, KOD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $9.80 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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