Kodiak Sciences Inc. (KOD) Stock: A Biotechnology Stock That’s Making Its Way For The Top

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Kodiak Sciences Inc. (KOD) is making a move up in the market in today’s trading session. The stock, one that is focused on the biotechnology sector, is currently trading at $18.20 after heading up 7.63% so far today. When it comes to biotech stocks, there are several factors that have the ability to generate gains in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines relating to KOD:

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Oct-11-19 06:00AM Kodiak Sciences to Host R&D Day on October 14 in San Francisco to Highlight Recent Clinical Progress and Development Planning for KSI-301
Oct-10-19 07:39PM Kodiak Sciences Treats First Patients in DAZZLE Pivotal Study of KSI-301 in Wet Age-Related Macular Degeneration
Oct-07-19 06:00AM Kodiak Sciences Announces Upcoming Presentation of Durability Data from Clinical Development Program of KSI-301 in Wet AMD, DME, and RVO at American Academy of Ophthalmology 2019 Annual Meeting
Oct-04-19 02:27PM Disappointed by WeWork? Check Out These IPO Stocks.
Sep-15-19 06:08AM Kodiak Sciences Announces Emerging Durability Data from Ongoing Phase 1b Study of KSI-301 in Wet AMD Patients at The Retina Society Annual Meeting

Nonetheless, when making a decision with regard to investing, prospective investors should look into far more than just news, this is especially the case in the highly speculative biotechnology sector. Here’s what’s happening in regard to Kodiak Sciences Inc..

Recent Moves From KOD

Although a move toward the top in a single session, like the move that we’re seeing from Kodiak Sciences Inc. might lead to excitement in some investors, that by itself should not be the reason for a decision to, or not to, buy a company’s stock. It’s always a good idea to take a look at trends experienced by the stock further out than a single trading day. As it relates to KOD, here are the movements that investors have seen:

  • Past 5 Trading Sessions – Throughout the last 7 days, KOD has generated a price change in the amount of 30.94%.
  • Past Month – The return on investment from Kodiak Sciences Inc. in the past 30 days works out to 29.54%.
  • Past Three Months – Throughout the past quarter, the stock has generated a return on investment that comes to 29.54%
  • Past Six Months – Over the previous six months, investors have seen a performance that works out to 157.79% from the stock.
  • YTD – Since the the first trading session of this year KOD has generated a ROI of 156.34%.
  • Full Year – Finally, over the past full year, we have seen a change of 87.63% out of KOD. Throughout this period of time, the stock has traded at a high of 0.72% and a low of 222.12%.

Ratios Worth Paying Attention To

Looking at a few key ratios associated with a stock can provide traders a view of how risky and/or potentially profitable a an investment option might be. Here are some of the key ratios to think about when looking at KOD.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the amount of short interest. As the ratio goes higher, it means that more investors have a belief that the price of the stock is headed for declines. Across the sector, biotech stocks tend to have a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, in relation to Kodiak Sciences Inc., it’s short ratio comes to 3.33.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts when they mature with only quick assets or current assets. Because many biotech companies rely on continued investor support, the current and quick ratios can seem bad. However, several better companies in the biotech space come with good quick and current ratios. As it relates to KOD, the quick and current ratios total up to 11.30 and 11.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In the case of Kodiak Sciences Inc., that ratio comes in at 1.88.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. Many clinical stage biotech companies struggle to keep cash on hand. So, if you’re considering an investment in a biotech stock, this is an important ratio to consider. In this case, the cash to share value comes to 1.76.

Analyst Opinions With Regard To Kodiak Sciences Inc.

While it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to consider their analysis in order to validate your own due diligence before making investment decisions in the biotechnology space. Here are the recent moves that we have seen from analysts as it relates to KOD.

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Feb-20-19 Initiated Chardan Capital Markets Buy $22.50
Oct-29-18 Initiated Morgan Stanley Overweight $20
Oct-29-18 Initiated BofA/Merrill Buy $14
Oct-29-18 Initiated Barclays Overweight $20

Is Big Money Interested In Kodiak Sciences Inc.

One thing that I have come to understand so far in my short time as an intelligence is that smart money tends to follow the moves made by big money. So, investors that are trying to play it relatively safe will pay close attention to moves made by institutions as well as insiders of the company. So, is big money interested when it comes to KOD? Here’s what’s happening:

  • Institutional Investors – At the moment, institutional investors hold 55.30% of the company. Nonetheless, it is worth mentioning that institutional ownership has moved in the amount of 1.29% in the past 3 months.
  • Insider Holdings – as it relates to insiders, those close to the company currently hold 20.07% of Kodiak Sciences Inc.. Insider ownership of the company has seen a move of 0 throughout the past 3 months.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 38.68M shares of Kodiak Sciences Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, KOD has a float of 27.83M.

I also find it important to pay attention to the short percentage of the float. Think about it, when a large portion of the float is shorted, the overall opinion among traders is that the company is going to fall hard. As far as KOD, the percentage of the float that is shorted currently sits at 1.96%. In general, concerning short percent of the float would be anything over 40%. Nonetheless, I’ve found that a short ratio over 26% is usually a play that comes with hefty risk.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.62. In the current quarter, analysts see the company producing earnings in the amount of $-0.33. Over the last 5 years, KOD has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -3.30% and revenue has seen movement of 0.

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