There Is A Quest For Clarity Surrounding Cytokinetics Inc (NASDAQ: CYTK) Volatility

After Hours

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.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Cytokinetics Inc is $6.21B. A total of 2.23 million shares were traded on the day, compared to an average of 2.29M shares.

In the most recent transaction, Bhanji Muna sold 2,000 shares of CYTK for 52.07 per share on Jun 10 ’24. After the transaction, the Director now owns 17,631 company shares. In a previous transaction on Jun 04 ’24, Blum Robert I sold 22,500 shares at 48.85 per share. CYTK shares that President & CEO owns now total 439,145.

Among the insiders who sold shares, Wong Robert disposed of 13,011 shares on Jun 03 ’24 at a per-share price of $48.88. This resulted in the VP, Chief Accounting Officer holding 16,653 shares of CYTK after the transaction. In another insider transaction, PARSHALL B LYNNE sold 5,000 shares at $48.64 per share on Jun 03 ’24. Company shares held by the Director now total 15,600.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CYTK has a high of $110.25 and a low of $25.98.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CYTK’s latest balance sheet shows that the firm has $471.64M in Cash & Short Term Investments as of fiscal 2021. There were $269.93M in debt and $71.86M in liabilities at the time. Its Book Value Per Share was -$3.78, while its Total Shareholder’s Equity was $243.86M.

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 CYTK is Buy with a score of 4.56.

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