Shares of Korro Bio, Inc. (NASDAQ:KRRO - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $39.76, but opened at $47.67. Korro Bio shares last traded at $69.50, with a volume of 255,006 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on KRRO shares. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 target price on shares of Korro Bio in a research note on Thursday, September 19th. William Blair started coverage on shares of Korro Bio in a research note on Wednesday, August 14th. They set an "outperform" rating and a $180.00 target price on the stock. Finally, HC Wainwright reissued a "buy" rating and set a $100.00 target price on shares of Korro Bio in a research note on Tuesday, September 17th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $135.00.
Get Our Latest Research Report on Korro Bio
Korro Bio Stock Up 93.7 %
The stock's 50 day moving average is $39.62 and its two-hundred day moving average is $47.43.
Korro Bio (NASDAQ:KRRO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($2.43) earnings per share for the quarter, missing analysts' consensus estimates of ($2.39) by ($0.04). As a group, equities analysts anticipate that Korro Bio, Inc. will post -10.09 earnings per share for the current fiscal year.
Institutional Trading of Korro Bio
A number of hedge funds have recently bought and sold shares of KRRO. Brown Brothers Harriman & Co. acquired a new stake in Korro Bio in the 2nd quarter valued at about $28,000. Lynx1 Capital Management LP acquired a new stake in Korro Bio in the 2nd quarter valued at about $129,000. Rhumbline Advisers acquired a new stake in Korro Bio in the 2nd quarter valued at about $279,000. Bank of New York Mellon Corp acquired a new stake in Korro Bio in the 2nd quarter valued at about $649,000. Finally, Tri Locum Partners LP acquired a new stake in Korro Bio in the 2nd quarter valued at about $2,419,000. Institutional investors and hedge funds own 13.18% of the company's stock.
Korro Bio Company Profile
(
Get Free Report)
Korro Bio, Inc, a biopharmaceutical company, engages in the discovery, development, and commercialization of genetic medicines based on editing RNA for the treatment of rare and highly prevalent diseases primarily in the United States. Its lead product candidate is KRRO-110 which is in preclinical trials for the treatment of Alpha-1 Antitrypsin Deficiency (AATD).
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