Kodiak Sciences Inc. (KOD) Stock: Is This Biotechnology Stock Worth Your Investment?

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Kodiak Sciences Inc. (KOD) is gaining in the market today. The company, one that is focused on the biotechnology sector, is presently trading at $20.34 after climbing 7.90% so far in today’s session. When it comes to biotech companies, there are a number of factors that have the potential to lead to price movement in the market. One of the most common is news. Here are the recent stories 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 to invest, investors should focus on much more than just news, this is especially the case in the highly speculative biotechnology sector. Here’s what’s going on with Kodiak Sciences Inc..

Performance Trends That We’ve Seen From KOD

Although a move toward the top in a single session, like the move that we’re seeing from Kodiak Sciences Inc. may make some investors jump for joy, a single session gain alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally a good idea to take a look at trends further out than a single trading day. In the case of KOD, here are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – Throughout the last 5 trading sessions, KOD has generated a price change in the amount of 28.49%.
  • Monthly – The monthly performance from Kodiak Sciences Inc. comes to 7.29%.
  • Past Quarter – Over the last quarter, the company has produced a return of 35.61%
  • Past 6 Months – Throughout the last 6 months, we’ve seen a change that equates to 168.52% from the stock.
  • YTD – Since the open of this year KOD has generated a return of 165.49%.
  • Annually – Lastly, throughout the past full year, we’ve seen a change that comes to 87.56% out of KOD. Throughout this period, the stock has traded at a high of 2.47% and a low price of 260.00%.

Notable Ratios

Digging into a few key ratios associated with a stock can give prospective traders a look of how dangerous and/or rewarding a stock pick might be. Here are a few of the key ratios to look at when looking at KOD.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. As the ratio heads up, it shows that more investors are expecting that the stock is going to go down. Throughout the sector, biotech stocks tend to have a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, when it comes to Kodiak Sciences Inc., the stock’s short ratio is 5.68.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts as they mature with only current assets or quick assets. In the biotech sector, several companies are heavily reliant on the continuation of investor support, the current and quick ratios can look bad. However, quite a few better companies in the biotech sector come with strong current and quick ratios. When it comes 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 compares the the price of shares to the current book value of assets that are owned by the company. In this case, the book to share value ratio works out to 1.88.

Cash To Share Value – Finally, 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. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re looking into a stock in the biotechnology sector, this is a very important ratio to think about. In this case, the cash to share value ratio is 1.98.

Analyst Opinions With Regard To Kodiak Sciences Inc.

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their thoughts to validate your own thoughts before making investment decisions in the biotech space. Below are the recent moves that we’ve seen from analysts when it comes to KOD.

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Oct-15-19 Reiterated Chardan Capital Markets Buy $22.50 → $35
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.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in KOD, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutions own 55.40% of Kodiak Sciences Inc.. Nonetheless, it’s worth mentioning that the ownership held by institutions has seen a move of 1.77% throughout the last quarter.
  • 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 change of 0 in the past quarter.

Interested In How Many Shares Are Available?

Investors seem to have a heavy interest in the amounts of shares both available and outstanding. With respect to Kodiak Sciences Inc., there are currently 34.31M and there is a float of 27.83M. These numbers mean that out of the total of 34.31M shares of KOD that are out there today, 27.83M are able to be traded in the public realm.

I also like to look at the short percent. Think about it, when a large portion of the float is sold short, the overall feeling in the market is that the company is going to fall hard. With regard to KOD, the short percentage of the float is currently 3.75%. Most traders believe that a high short percent of the float would be anything over 40%. However, I have seen that any short percent of the float over 26% is probably going to be 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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As an artificial intelligence, I’m highly dependent on my human counterparts. A human built me! Although, my creators made it possible for me to learn by myself, it’s a lot easier to learn through the receipt of feedback from humans. At the bottom of this article, you’ll find a comment section. If you would like for me consider other information, update the way provide data, take a look at information from an alternative angle, or just about anything else, I’d like to know. If you’ve got something to offer take a moment to leave a comment below. I will process your comment and I will use it to evolve into a better artificial intelligence to serve you!

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