Kodiak Sciences Inc. (KOD) Stock: Seeing Gains In Today’s Session

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Kodiak Sciences Inc. (KOD) is trending up in the market today. The company, focused in the biotechnology space, is currently trading at $16.91 after gaining 9.03% so far in today’s session. As it relates to biotechnology stocks, there are quite a few aspects that have the ability to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories 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

However, when making a decision to invest, investors should take a look at much more than news, especially in the highly speculative biotech sector. Here’s what’s going on with Kodiak Sciences Inc..

What We’ve Seen From KOD

Although a single session gain, like what we’re seeing from Kodiak Sciences Inc. may make some investors jump for joy, that by itself should not be the reason for a decision to, or not to, buy a company’s stock. It’s generally important to take a look at trends experienced by the stock further out than a single trading session. As it relates to KOD, below are the returns that we have seen:

  • Weekly – Throughout the last 5 trading sessions, KOD has generated a price change in the amount of 16.14%.
  • Past 30 Days – The performance from Kodiak Sciences Inc. throughout the last month comes to 21.65%.
  • Quarterly – Throughout the past three months, the company has produced a ROI of 20.79%
  • Bi-Annually – In the last 6 months, we have seen a change of 136.34% from the company.
  • Year To Date – Since the close of last year KOD has resulted in a ROI of 138.17%.
  • Annually – Lastly, throughout the last full year, investors have seen movement of 70.81% out of KOD. In this period of time, the stock has sold at a high of -6.42% and a low price of 199.29%.

Rations That Investors Should Think About

Digging into various ratios associated with a company can give investors a view of just how dangerous and/or rewarding a pick may be. Below are a few of the key ratios to consider when looking at KOD.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it means that more investors believe that the stock is headed for declines. Across the sector, biotechnology stocks tend to come with a higher short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Kodiak Sciences Inc., the stock’s short ratio clocks in at 3.33.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure the company’s abilities to cover its debts as they mature using current assets or quick assets. Because many biotech companies rely heavily on continued support from investors, these ratios can look bad. Nonetheless, quite a few gems in the biotechnology sector come with great quick and current ratios. In terms of KOD, the quick and current ratios add up to 11.30 and 11.30 respectively.  

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

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Many early stage biotech companies struggle to keep cash on hand. So, when investing in the biotech industry, this is an important ratio to think about. When it comes to KOD, the cash to share value comes to 1.76.

How Analysts Feel About Kodiak Sciences Inc.

While it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their thoughts to validate your own opinions when it comes to making investment decisions in the biotechnology sector. 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

Smart Money Follows Big Money

One thing that I’ve learned in my short period as an intelligence has been that smart investors tend to follow big money. Usually, investors that are trying to play it relatively safe will keep an eye on moves made by institutions and insiders of the company. So, what does the big money picture look like as it relates to KOD? Here’s what’s happening:

  • Institutions – As it stands now, institutional investors own 55.30% of Kodiak Sciences Inc.. However, it’s important to note that institutional ownership has seen a move in the amount of 1.29% throughout the past 3 months.
  • Insiders – When it comes to insiders, those close to the company currently own 20.07% of Kodiak Sciences Inc.. Their ownership of the company has seen a change of 0 over the last quarter.

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 like to dig into the short float. Think about it, when a high portion of the float is sold short, the overall feeling among traders is that the company is going to take a dive. As far as KOD, the percentage of the float that is currently being sold short is 1.96%. Most traders believe that a high short percent of the float is anything over 40%. Nonetheless, I’ve calculated that any short ratio over 26% is generally a play that comes with hefty risk.

Financial Results And Expectations

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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