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

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Kodiak Sciences Inc. (KOD) is falling in the market in today’s trading session. The stock, one that is focused in the biotechnology space, is currently priced at $21.86 after a move down of -6.10% so far in today’s session. As it relates to biotechnology companies, there are quite a few aspects that have the ability to lead to price movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines surrounding KOD:

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Nov-12-19 07:20AM The Daily Biotech Pulse: Reata, Kadmon Clinical Readouts, Apyx Medical’s Earnings Beat
05:30AM Kodiak Sciences Announces Third Quarter 2019 Financial Results and Recent Business Highlights
Nov-08-19 07:00AM Kodiak Sciences to Report Third Quarter 2019 Results and Host Business Highlights Webcast on November 12, 2019
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

However, when making a decision to invest, prospective investors should look at far more than news, this is especially the case in the highly speculative biotech industry. Here’s what’s going on with Kodiak Sciences Inc..

The Performance That KOD Investors Have Experienced

Although a move toward the top in a single session, like the fall that we’re seeing from Kodiak Sciences Inc. might make some investors fearful, a single session move alone should not be the basis of a decision to, or not to, buy a company’s stock. It is generally smart to look into trends experienced by the stock for a period longer than a single trading session. As it relates to KOD, here are the returns that we’ve seen:

  • Past 7 Days – Throughout the last five trading sessions, KOD has seen a change in price that amounts to 3.02%.
  • Monthly – The ROI from Kodiak Sciences Inc. over the last month comes to 23.92%.
  • Past 3 Months – Over the past three months, the stock has produced a return on investment that works out to 111.41%
  • Bi-Annually – In the past 6 months, we have seen a change that amounts to 183.16% from the company.
  • This Year So Far – Since the the first trading session of this year KOD has resulted in a ROI of 207.89%.
  • Full Year – Finally, over the past year, investors have seen performance of 153.01% out of KOD. Over this period, the stock has sold at a high of -7.96% and a low of 286.90%.

Rations That Traders Should Look Into

Digging into various ratios having to do with a company generally gives prospective traders an understanding of just how risky and/or rewarding a pick might be. Below are some of the important ratios to look at when digging into KOD.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors are expecting that the stock is going to fall. Across the sector, biotech stocks can carry a higher short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, in relation to Kodiak Sciences Inc., it’s short ratio amounts to 4.31.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure whether or not a company can cover its debts as they mature using quick assets or current assets. Because many biotech several companies are heavily reliant on the continuation of investor support, these ratios can be damning. Nonetheless, some good picks in the biotech space do have positive current and quick ratios. As it relates to KOD, the quick and current ratios come 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 current book value of assets owned by the company. In this case, the book to share value ratio is 1.88.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. Many early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology industry, this is an important ratio to think about. In this case, the cash to share value is 1.84.

How Analysts Feel About Kodiak Sciences Inc.

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their thoughts to validate your own due diligence before making an investment decision in the biotechnology industry. Below are the most recent moves that we have 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

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:

Institutions own 56.00% of the company. Institutional interest has moved by 2.75% over the past three months. When it comes to insiders, those who are close to the company currently own 20.07% percent of KOD shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Looking At Share Counts

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 37.10M 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 4.29%.

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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