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

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Kodiak Sciences Inc. (KOD) is gaining in the market in today’s trading session. The stock, one that is focused on the biotech space, is presently priced at $21.42 after heading up 6.41% so far in today’s session. When it comes to biotechnology companies, there are quite a few factors 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 recent stories relating to 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, when making a decision to invest, prospective investors should take a look at far more than just news, especially in the generally speculative biotech sector. Here’s what’s happening in regard to Kodiak Sciences Inc..

Trends That We’ve Seen From KOD

Although a move up on a single session, like what we’re seeing from Kodiak Sciences Inc. might cause excitement in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s always a good idea to dig into 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 Sessions – Over the last week, KOD has seen a change in value in the amount of 8.40%.
  • Past Month – The monthly performance from Kodiak Sciences Inc. comes to 50.74%.
  • Past Quarter – Throughout the last quarter, the stock has generated a return on investment that works out to 67.34%
  • Bi-Annually – In the last six months, we have seen a performance that amounts to 193.42% from the stock.
  • This Year So Far – Since the the last trading session of last year KOD has produced a return of 201.69%.
  • Annually – Lastly, over the last year, we have seen movement of 131.07% out of KOD. Over this period of time, the stock has sold at a high price of 0.80% and a low price of 279.12%.

Rations That You Should Think About

Looking at various key ratios having to do with a company can give investors a look of how risky and/or potentially profitable a an investment option might be. Below are some of the key ratios to look at when looking at KOD.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it means that more investors have a belief that the stock is headed for declines. In general, biotechnology stocks tend to come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, with regard to Kodiak Sciences Inc., the stock’s short ratio comes to 4.70.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure If a company is able to cover its debts when they mature using quick assets or current assets. Because many biotech companies rely heavily on continued support from investors, the current and quick ratios can seem damning. Nonetheless, quite a few good picks in the biotechnology industry do have strong quick and current ratios. As far as KOD, the quick and current ratios come to 11.30 and 11.30 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price. In this case, that ratio is 1.88.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology sector, this is a very important ratio to think about. In this case, the cash to share value comes to 1.81.

Analyst Opinions Of Kodiak Sciences Inc.

While it’s never a good idea to blindly follow the opinions of analysts, it is a good idea to consider their analysis in order to validate your own due diligence when it comes to making investment decisions in the biotechnology space. Here are the most recent moves that we’ve seen from analysts with regard 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

Smart Money Follows Big Money

One thing I’ve learned in my brief time in existence is that smart money tends to follow the moves made by big money players. Usually, investors that want to keep the risk down will pay close attention to investments made by institutional investors as well as insiders of the company. So, where is the big money when it comes to KOD? Here’s the data:

  • Institutions – At the moment, institutions own 55.40% of KOD. However, it is worth mentioning that the ownership held by institutions has seen a move of 1.58% in the last quarter.
  • Investors On The Inside – as it relates to insiders, insiders of the company currently hold 20.07% of the company. Insider ownership of the company has changed in the amount of 0 over the last quarter.

Float Information

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 37.62M 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.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to KOD, the short percent of the float is 3.75%.

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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