Kodiak Sciences Inc. (KOD) Stock: Here’s What’s Happening

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Kodiak Sciences Inc. (KOD) is falling in the market today. The company, one that is focused in the biotech space, is presently trading at $17.11 after a move down of -5.99% so far in today’s session. In terms of biotechnology stocks, there are several aspects that have the potential to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines centered around KOD:

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Oct-11-19 07:58PM Kodiak Sciences Announces Safety, Efficacy and Durability Data from Ongoing Phase 1b Study of KSI-301 in Patients with Wet Age-Related Macular Degeneration, Diabetic Macular Edema and Retinal Vein Occlusion at the American Academy of Ophthalmology Annual Meeting Retina Subspecialty Day
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.

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should look at far more than news, especially in the highly speculative biotech industry. Here’s what’s happing when it comes to Kodiak Sciences Inc..

The Performance That We’ve Seen From KOD

While a decline in a single session, like what we’re seeing from Kodiak Sciences Inc. may make some investors upset, a single session decline alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally a good idea to look at trends for a period longer than a single trading day. When it comes to KOD, below are the returns on investment that we have seen:

  • Past 5 Trading Sessions – Over the last 5 trading sessions, KOD has generated a change in value amounting to 30.94%.
  • Past 30 Days – The monthly returns from Kodiak Sciences Inc. works out to 29.54%.
  • Past 3 Months – Over the last 3 months, the company has produced a ROI that comes to 29.54%
  • Past Six Months – Throughout the past six months, we’ve seen a performance that amounts to 157.79% from the company.
  • YTD – Since the open of this year KOD has produced a return of 156.34%.
  • Full Year – Lastly, in the past full year, investors have seen movement that comes to 87.63% from KOD. Throughout this period of time, the stock has sold at a high price of -8.11% and a low of 202.83%.

Ratios To Pay Attention To

Digging into various ratios having to do with a stock generally gives prospective investors a look of just how dangerous and/or rewarding a an investment option may be. Below are a few of the key ratios to think about when looking at KOD.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors are expecting that the value of the stock is headed for declines. In general, biotechnology stocks can carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, in relation to Kodiak Sciences Inc., the stock’s short ratio comes to 6.31.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure whether or not a company can cover its debts when they mature using quick assets or current assets. Because many biotech companies are heavily reliant on continued investor support, these ratios can seem upsetting. Nonetheless, some gems in the biotech sector come with good quick and current ratios. As far as 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 value of assets owned by the company to the price of shares. In this case, that ratio is 1.88.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. Many clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re looking into a stock in the biotechnology industry, this is a very important ratio to consider. In the case of KOD, the cash to share value works out to 1.98.

Analyst Opinions Of Kodiak Sciences Inc.

Although it’s never a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to consider their opinions when validating your own thoughts before making an investment decision in the biotech sector. Here are the most 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

Investors Tend To Follow The Big Money

An interesting fact that I have learned so far in my short period as an intelligence has been that smart investors tend to follow big money. That is to say, investors that are looking to keep the risk down will watch trades made by institutional investors and insiders. So, is big money flowing when it comes to KOD? Here’s the data:

  • Institutional Investors – Currently, institutions hold 55.40% of KOD. However, it is worth considering that institutional ownership has seen a move of 1.77% throughout the past quarter.
  • Insiders – with regard to insiders, those close to the company currently hold 20.07% of the company. Their ownership of the company has seen a change of 0 over the past quarter.

What You Need To Know About Share Counts

Traders seem to be interested in the amounts of shares both outstanding and available. In regard to Kodiak Sciences Inc., currently there are 34.31M and there is a float of 27.83M. This means that of the total of 34.31M shares of KOD currently in existence today, 27.83M are able to be traded in the public realm.

I also find it important to take a look at the short float. After all, when a high percentage of the float available for trading is shorted, the overall opinion in the market is that the company is headed for a deep dive. As far as it relates to KOD, the short percentage of the float totals up to 3.75%. In general, concerning short percent of the float is considered to be anything over 40%. In my research, I have seen that a short ratio over 26% is likely a risky play.

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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