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Inhibikase Therapeutics (NYSE:IKT) Stock Price Up 4.9% - What's Next?

Inhibikase Therapeutics logo with Medical background
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Inhibikase Therapeutics, Inc. (NYSE:IKT - Get Free Report) shares shot up 4.9% during trading on Monday . The company traded as high as $2.40 and last traded at $2.36. 175,997 shares were traded during mid-day trading, a decline of 20% from the average session volume of 220,970 shares. The stock had previously closed at $2.25.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright downgraded Inhibikase Therapeutics from a "buy" rating to a "neutral" rating in a report on Wednesday, February 12th.

View Our Latest Stock Analysis on Inhibikase Therapeutics

Inhibikase Therapeutics Trading Up 4.9 %

The business's 50 day simple moving average is $2.51 and its two-hundred day simple moving average is $2.33. The firm has a market capitalization of $163.69 million, a PE ratio of -0.88 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. purchased a new stake in Inhibikase Therapeutics in the fourth quarter worth about $48,000. Alpine Global Management LLC bought a new position in shares of Inhibikase Therapeutics during the 4th quarter valued at approximately $48,000. Soleus Capital Management L.P. purchased a new stake in Inhibikase Therapeutics in the 4th quarter worth approximately $20,556,000. Squarepoint Ops LLC bought a new stake in Inhibikase Therapeutics during the 4th quarter worth approximately $92,000. Finally, Stonepine Capital Management LLC purchased a new position in Inhibikase Therapeutics during the fourth quarter valued at approximately $3,680,000. Hedge funds and other institutional investors own 3.81% of the company's stock.

About Inhibikase Therapeutics

(Get Free Report)

Inhibikase Therapeutics, Inc, a clinical-stage pharmaceutical company, develops therapeutics for Parkinson's disease and related disorders. Its lead product candidate is IkT-148009, a non-receptor Abelson tyrosine kinase inhibitor, which is in Phase 2a clinical trials to the treatment of Parkinson's disease and gastrointestinal tract.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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