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Cytokinetics Inc (CYTK) down -16.03% since start of the year

Cytokinetics Inc (NASDAQ: CYTK) is -16.03% lower on its value in year-to-date trading and has touched a low of $25.98 and a high of $110.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CYTK stock was last observed hovering at around $71.41 in the last trading session, with the day’s loss setting it -1.3%.

Currently trading at $70.11, the stock is 4.27% and -6.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -1.82% at the moment leaves the stock 47.37% off its SMA200. CYTK registered 100.43% gain for a year compared to 6-month gain of 134.32%. The firm has a 50-day simple moving average (SMA 50) of $977.77 and a 200-day simple moving average (SMA200) of -$16.12.

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The stock witnessed a -4.08% loss in the last 1 month and extending the period to 3 months gives it a -15.98%, and is 6.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.94% over the week and 5.12% over the month.

Cytokinetics Inc (CYTK) has around 423 employees, a market worth around $7.22B and $7.53M in sales. Profit margin for the company is -6988.63%. Distance from 52-week low is 169.86% and -36.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-154.11%).

Cytokinetics Inc quarterly earnings per share for the current quarter are estimated at -$1.14 with sales reaching $970k over the same period.The EPS is expected to grow by 18.14% this year, but quarterly earnings will post -14.90% year-over-year. Quarterly sales are estimated to shrink -79.00% in year-over-year returns.

Cytokinetics Inc (CYTK) Top Institutional Holders

465 institutions hold shares in Cytokinetics Inc (CYTK), with institutional investors hold 114.83% of the company’s shares. The shares outstanding are 101.64M, and float is at 99.23M with Short Float at 14.91%. Institutions hold 113.82% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 15.36 million shares valued at $501.11 million. The investor’s holdings represent 16.00% of the CYTK Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 12.16 million shares valued at $396.76 million to account for 12.67% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 10.27 million shares representing 10.70% and valued at over $335.03 million, while Wellington Management Group, LLP holds 8.62% of the shares totaling 8.27 million with a market value of $269.79 million.

Cytokinetics Inc (CYTK) Insider Activity

The most recent transaction is an insider sale by Malik Fady Ibraham,the company’sEVP Research & Development. SEC filings show that Malik Fady Ibraham sold 32,604 shares of the company’s common stock on Mar 05 ’24 at a price of $67.56 per share for a total of $2.2 million. Following the sale, the insider now owns 0.14 million shares.

Cytokinetics Inc disclosed in a document filed with the SEC on Feb 14 ’24 that HENDERSON JOHN T (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $76.48 per share for $0.38 million. Following the transaction, the insider now directly holds 42632.0 shares of the CYTK stock.

Still, SEC filings show that on Feb 13 ’24, Blum Robert I (President & CEO) disposed off 12,500 shares at an average price of $76.85 for $0.96 million. The insider now directly holds 441,797 shares of Cytokinetics Inc (CYTK).

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