A major move is in the offing as Kronos Bio Inc (KRON) market cap hits 69.98 million

November 20, 2023, Kronos Bio Inc (NASDAQ: KRON) trading session started at the price of $1.28, that was 8.11% jump from the session before. During the day, the shares moved up to $1.33 and dropped to $1.20 before settling in for the closing price of $1.11. A 52-week range for KRON has been $0.73 – $2.84.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.

Sponsored

When this article was written, the company’s average yearly earnings per share was at 13.08%. With a float of $38.69 million, this company’s outstanding shares have now reached $56.97 million.

Considering the fact that the conglomerate employs 97 people, you should pay attention to its efficiency factor.

Kronos Bio Inc (KRON) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Kronos Bio Inc stocks. The insider ownership of Kronos Bio Inc is 33.66%, while institutional ownership is 35.66%. The most recent insider transaction that took place on Nov 17, was worth 106,162. In this transaction President & CEO of this company bought 97,935 shares at a rate of $1.08, taking the stock ownership to the 2,540,665 shares. Before that another transaction happened on Nov 16, when Company’s President & CEO bought 262,433 for $1.00, making the entire transaction worth $261,514. This insider now owns 2,442,730 shares in total.

Kronos Bio Inc (KRON) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted -$0.54 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.51) by -$0.03. This company achieved a return on equity of -45.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.49 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 13.08% per share during the next fiscal year.

Kronos Bio Inc (NASDAQ: KRON) Trading Performance Indicators

You can see what Kronos Bio Inc (KRON) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 7.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.50.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.08, a number that is poised to hit -0.54 in the next quarter and is forecasted to reach -2.05 in one year’s time.

Technical Analysis of Kronos Bio Inc (KRON)

Compared to the last year’s volume of 0.3 million, its volume of 0.95 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.09%. Additionally, its Average True Range was 0.11.

During the past 100 days, Kronos Bio Inc’s (KRON) raw stochastic average was set at 30.08%, which indicates a significant decrease from 78.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 129.17% in the past 14 days, which was higher than the 78.05% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.0671, while its 200-day Moving Average is $1.5139. Nevertheless, the first resistance level for the watch stands at $1.2867 in the near term. At $1.3733, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4167. If the price goes on to break the first support level at $1.1567, it is likely to go to the next support level at $1.1133. Should the price break the second support level, the third support level stands at $1.0267.

Kronos Bio Inc (NASDAQ: KRON) Key Stats

There are 58,317K outstanding shares of the company, which has a market capitalization of 69.98 million. As of now, sales total 0 K while income totals -133,200 K. Its latest quarter income was 1,860 K while its last quarter net income were -29,740 K.

Latest

On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...

Newsletter

 

Don't miss

Wearable Devices (WLDS) Stock Rose 12% On Tuesday, But On What Basis?

Wearable Devices Ltd (NASD: WLDS) is experiencing significant growth...

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

C3.ai Inc (AI) kicked off at the price of $29.01: Venture capitalists have an exciting new opportunity

C3.ai Inc (NYSE: AI) on November 27, 2023, started off the session at the price of $28.80, soaring 0.42% from the previous trading day....

Comcast Corp (CMCSA) plunged -1.15 in the last month: It’s impossible to believe the numbers

November 27, 2023, Comcast Corp (NASDAQ: CMCSA) trading session started at the price of $42.37, that was -1.15% drop from the session before. During...

Vipshop Holdings Ltd ADR (VIPS) is gearing up for another turning point as it hit the volume of 3.21 million

On November 27, 2023, Vipshop Holdings Ltd ADR (NYSE: VIPS) opened at $16.37, lower -2.36% from the last session. During the day, the shares...

LEAVE A REPLY

Please enter your comment!
Please enter your name here