Oppenheimer raised the price target for the Cytokinetics Incorporated (NASDAQ:CYTK) stock to “an Outperform”. The rating was released on December 22, 2021. The research report from Jefferies has initiated the stock to Buy, with a price target set at $75. The stock was initiated by Wolfe Research, who disclosed in a research note on March 12, 2021, to Outperform and set the price objective to $50. In their research brief published February 18, 2021, Barclays analysts initiated the Cytokinetics Incorporated stock to Overweight with a price target of $28.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Cytokinetics Incorporated (NASDAQ:CYTK) raised 0.36% to close Friday’s market session at $33.00, higher as compared to yesterday’s close. The stock price fluctuated between $31.57 and $33.06 throughout the trading session with the volume trading being 972089 shares, which represented a significant variation when compared to the three months average volume of 925.49K shares. The firm’s stock price fluctuated -6.12% within the last five trades and -14.53% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 22.22% in the last 6 months and -10.54% was subtracted to its value over the previous 3 months. CYTK stock is trading at a margin of -18.78%, -16.39% and 6.92% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CYTK deals in the Healthcare domain. The stock is trading -31.11 percent below its 52-week high and 86.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 24.7. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cytokinetics Incorporated’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $3.05 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 141.40 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 10.65, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
WIERENGA WENDALL, the Director at Cytokinetics Incorporated (CYTK) has sold 4,166 shares of firm on Dec 27 at a price of $44.37 against the total amount of $0.18 million. In another inside trade, SMITH SANDFORD D, Director of Cytokinetics Incorporated (NASDAQ:CYTK) sold 28,290 shares of the firm on Dec 27 for a total worth of $1.3 million at a price of $45.79. An inside trade which took place on Dec 23, Director of Cytokinetics Incorporated Kaye Edward M. MD sold 15,000 shares of firm against total price of $0.68 million at the cost of $45.00 per share.