Market Analysts see Kodiak Sciences Inc. [KOD] falling to $21. Time to buy?



Kodiak Sciences Inc. [NASDAQ: KOD] closed the trading session at $10.05 on 07/07/22. The day’s price range saw the stock hit a low of $8.05, while the highest price level was $10.25. The company report on May 27, 2022 that Kodiak Sciences to Present at the Jefferies Global Healthcare Conference.

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PALO ALTO, Calif., May 27, 2022 Kodiak Sciences Inc. (Nasdaq: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases, announced today that management will present at the Jefferies Global Healthcare Conference in New York, NY on Thursday, June 9, 2022, at 11:30 a.m. Pacific Time (2:30 p.m. Eastern Time).

A live webcast of the presentation will be available on the “Events and Presentations” section of Kodiak’s website at and will remain available for replay for a limited time following the event.

The stocks have a year to date performance of -88.15 percent and weekly performance of 26.89 percent. The stock has been moved at -88.25 percent over the last six months. The stock has performed 28.19 percent around the most recent 30 days and changed 33.29 percent over the most recent 3-months.

If compared to the average trading volume of 934.36K shares, KOD reached to a volume of 4054033 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Kodiak Sciences Inc. [KOD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KOD shares is $10.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KOD stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Kodiak Sciences Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 24, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on February 11, 2022, representing the official price target for Kodiak Sciences Inc. stock. Previously, the target price had yet another drop from $124 to $90, while JP Morgan kept a Overweight rating on KOD stock. On May 11, 2021, analysts decreased their price target for KOD shares from 155 to 149.

The Average True Range (ATR) for Kodiak Sciences Inc. is set at 0.73 The Price to Book ratio for the last quarter was 0.88.

KOD stock trade performance evaluation

Kodiak Sciences Inc. [KOD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.89. With this latest performance, KOD shares gained by 28.19% in over the last four-week period, additionally sinking by -88.25% over the last 6 months – not to mention a drop of -89.14% 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 KOD stock in for the last two-week period is set at 68.28, with the RSI for the last a single of trading hit 74.44, and the three-weeks RSI is set at 65.12 for Kodiak Sciences Inc. [KOD]. The present Moving Average for the last 50 days of trading for this stock 7.14, while it was recorded at 8.32 for the last single week of trading, and 12.98 for the last 200 days.

Kodiak Sciences Inc. [KOD]: An insightful look at the core fundamentals

Return on Equity for this stock declined to -35.04, with Return on Assets sitting at -27.08.

Kodiak Sciences Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.90 and a Current Ratio set at 8.90.

Earnings per share (EPS) analysis for Kodiak Sciences Inc. [KOD] stock

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 KOD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kodiak Sciences Inc. go to 12.40%.

Kodiak Sciences Inc. [KOD]: Insider Ownership positions

There are presently around $422 million, or 82.00% of KOD stock, in the hands of institutional investors. The top three institutional holders of KOD stocks are: BAKER BROS. ADVISORS LP with ownership of 15,931,045, which is approximately 8.512% of the company’s market cap and around 4.60% of the total institutional ownership; BLACKROCK INC., holding 3,435,960 shares of the stock with an approximate value of $34.53 million in KOD stocks shares; and VANGUARD GROUP INC, currently with $23.71 million in KOD stock with ownership of nearly -20.554% of the company’s market capitalization.

Positions in Kodiak Sciences Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 85 institutional holders increased their position in Kodiak Sciences Inc. [NASDAQ:KOD] by around 13,644,126 shares. Additionally, 94 investors decreased positions by around 16,531,265 shares, while 14 investors held positions by with 11,844,531 shares. The mentioned changes placed institutional holdings at 42,019,922 shares, according to the latest SEC report filing. KOD stock had 42 new institutional investments in for a total of 5,204,766 shares, while 51 institutional investors sold positions of 2,798,240 shares during the same period.