A new trading day began on Friday, with Cytokinetics Inc (NASDAQ: CYTK) stock price up 4.56% from the previous day of trading, before settling in for the closing price of $46.74. CYTK’s price has ranged from $35.66 to $110.25 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 12.30%. Meanwhile, its annual earnings per share averaged 3.90%. With a float of $113.56 million, this company’s outstanding shares have now reached $117.89 million.
Considering the fact that the conglomerate employs 423 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -2872.48%, operating margin of -16297.79%, and the pretax margin is -17906.24%.
Cytokinetics Inc (CYTK) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Cytokinetics Inc is 3.77%, while institutional ownership is 113.13%. The most recent insider transaction that took place on Dec 16 ’24, was worth 36,069. In this transaction Director of this company sold 742 shares at a rate of $48.61, taking the stock ownership to the 24,559 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Director proposed sale 742 for $48.61, making the entire transaction worth $36,069.
Cytokinetics Inc (CYTK) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -22.79% drop over the previous five years of trading.
Cytokinetics Inc (NASDAQ: CYTK) Trading Performance Indicators
Here are Cytokinetics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 9.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1872.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.39, a number that is poised to hit -1.22 in the next quarter and is forecasted to reach -5.35 in one year’s time.
Technical Analysis of Cytokinetics Inc (CYTK)
Compared to the last year’s volume of 1.99 million, its volume of 1.78 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 27.06%. Additionally, its Average True Range was 1.94.
During the past 100 days, Cytokinetics Inc’s (CYTK) raw stochastic average was set at 22.69%, which indicates a significant decrease from 50.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.86% in the past 14 days, which was lower than the 39.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.03, while its 200-day Moving Average is $57.04. Nevertheless, the first resistance level for the watch stands at $50.51 in the near term. At $52.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $53.98. If the price goes on to break the first support level at $47.04, it is likely to go to the next support level at $45.21. Should the price break the second support level, the third support level stands at $43.57.
Cytokinetics Inc (NASDAQ: CYTK) Key Stats
With a market capitalization of 6.03 billion, the company has a total of 118,014K Shares Outstanding. Currently, annual sales are 7,530 K while annual income is -526,240 K. The company’s previous quarter sales were 460 K while its latest quarter income was -160,550 K.
