Kala Pharmaceuticals Inc. [KALA] stock Downgrade by Jefferies analyst, price target now $10

Kala Pharmaceuticals Inc. [NASDAQ: KALA] slipped around -0.21 points on Tuesday, while shares priced at $5.44 at the close of the session, down -3.72%. The company report on May 27, 2021 that Kala Pharmaceuticals to Present at Jefferies 2021 Virtual Healthcare Conference.

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Kala Pharmaceuticals, Inc. (NASDAQ:KALA), a biopharmaceutical company focused on the discovery, development and commercialization of innovative therapies for diseases of the eye, announced that it will present at the Jefferies 2021 Virtual Healthcare Conference. Management is scheduled to participate in a fireside chat on Thursday, June 3, 2021 at 10:00 am ET.

To access the webcast and subsequent archived recording of the presentation, please visit “Events” in the “Investors” section of the Kala website at http://kalarx.com.

Kala Pharmaceuticals Inc. stock is now -19.76% down from its year-to-date (YTD) trading value. KALA Stock saw the intraday high of $5.78 and lowest of $5.42 per share. The company’s 52-week high price is 14.68, which means current price is +11.02% above from all time high which was touched on 02/08/21.

Compared to the average trading volume of 2.37M shares, KALA reached a trading volume of 1730051 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Kala Pharmaceuticals Inc. [KALA]?

Jefferies have made an estimate for Kala Pharmaceuticals Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 14, 2020. The new note on the price target was released on July 23, 2020, representing the official price target for Kala Pharmaceuticals Inc. stock. Previously, the target price had yet another raise to $21, while Oppenheimer analysts kept a Outperform rating on KALA stock. On May 27, 2020, analysts increased their price target for KALA shares from 14 to 17.

The Average True Range (ATR) for Kala Pharmaceuticals Inc. is set at 0.42, with the Price to Sales ratio for KALA stock in the period of the last 12 months amounting to 39.38. The Price to Book ratio for the last quarter was 3.06, with the Price to Cash per share for the same quarter was set at 2.51.

How has KALA stock performed recently?

Kala Pharmaceuticals Inc. [KALA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.67. With this latest performance, KALA shares dropped by -29.62% in over the last four-week period, additionally sinking by -25.48% over the last 6 months – not to mention a drop of -59.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KALA stock in for the last two-week period is set at 42.01, with the RSI for the last a single of trading hit 45.12, and the three-weeks RSI is set at 41.41 for Kala Pharmaceuticals Inc. [KALA]. The present Moving Average for the last 50 days of trading for this stock 6.58, while it was recorded at 5.40 for the last single week of trading, and 7.57 for the last 200 days.

Kala Pharmaceuticals Inc. [KALA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Kala Pharmaceuticals Inc. [KALA] shares currently have an operating margin of -1512.59 and a Gross Margin at +50.13. Kala Pharmaceuticals Inc.’s Net Margin is presently recorded at -1639.85.

Return on Total Capital for KALA is now -58.01, given the latest momentum, and Return on Invested Capital for the company is -63.43. Return on Equity for this stock declined to -160.89, with Return on Assets sitting at -55.50. When it comes to the capital structure of this company, Kala Pharmaceuticals Inc. [KALA] has a Total Debt to Total Equity ratio set at 100.92. Additionally, KALA Total Debt to Total Capital is recorded at 50.23, with Total Debt to Total Assets ending up at 45.54. Long-Term Debt to Equity for the company is recorded at 99.39, with the Long-Term Debt to Total Capital now at 49.47.

Reflecting on the efficiency of the workforce at the company, Kala Pharmaceuticals Inc. [KALA] managed to generate an average of -$554,931 per employee. Receivables Turnover for the company is 0.55 with a Total Asset Turnover recorded at a value of 0.03.Kala Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.50 and a Current Ratio set at 9.00.

Earnings analysis for Kala Pharmaceuticals Inc. [KALA]

With the latest financial reports released by the company, Kala Pharmaceuticals Inc. posted -0.42/share EPS, while the average EPS was predicted by analysts to be reported at -0.41/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KALA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kala Pharmaceuticals Inc. go to 40.90%.

Insider trade positions for Kala Pharmaceuticals Inc. [KALA]

There are presently around $200 million, or 67.20% of KALA stock, in the hands of institutional investors. The top three institutional holders of KALA stocks are: RA CAPITAL MANAGEMENT, L.P. with ownership of 10,874,613, which is approximately 0% of the company’s market cap and around 2.00% of the total institutional ownership; ORBIMED ADVISORS LLC, holding 5,465,030 shares of the stock with an approximate value of $29.73 million in KALA stocks shares; and EVENTIDE ASSET MANAGEMENT, LLC, currently with $18.77 million in KALA stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Kala Pharmaceuticals Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 50 institutional holders increased their position in Kala Pharmaceuticals Inc. [NASDAQ:KALA] by around 1,793,850 shares. Additionally, 58 investors decreased positions by around 2,106,703 shares, while 32 investors held positions by with 32,921,624 shares. The mentioned changes placed institutional holdings at 36,822,177 shares, according to the latest SEC report filing. KALA stock had 19 new institutional investments in for a total of 344,951 shares, while 22 institutional investors sold positions of 524,611 shares during the same period.

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