Korro Bio (KRRO) Stock Price, News & Analysis

Company Overview

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). It uses its RNA editing platform, OPERA to generate differentiated RNA editing product candidates. The company is also developing programs for Parkinson's disease, Amyotrophic lateral sclerosis, severe alcohol-associated hepatitis, and other subsets of pain. Korro Bio, Inc. was founded in 2018 and is based in Cambridge, Massachusetts.

Key Stats

• Today's Range: $49.94 to $52.00
• 50-Day Range: $35.63 to $80.04
• 52-Week Range: $30.00 to $98.00
• Volume: 9,573 shs
• Average Volume: 74,262 shs
• Market Capitalization: $477.77 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $142.17
• Consensus Rating: Buy

Korro Bio Stock Analysis - MarketRank™

Korro Bio scored higher than 39% of companies evaluated by MarketBeat, and ranked 765th out of 950 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Korro Bio has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Korro Bio has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Korro Bio are expected to decrease in the coming year, from ($9.63) to ($10.35) per share.

Price to Book Value per Share Ratio

Korro Bio has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.39% of the float of Korro Bio has been sold short.

Short Interest Ratio / Days to Cover

Korro Bio has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Korro Bio has recently increased by 22.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Korro Bio does not currently pay a dividend.

Dividend Growth

Korro Bio does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.39% of the float of Korro Bio has been sold short.

Short Interest Ratio / Days to Cover

Korro Bio has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Korro Bio has recently increased by 22.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.83

News Sentiment

Korro Bio has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Korro Bio this week, compared to 2 articles on an average week.

Search Interest

6 people have searched for KRRO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Korro Bio to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Korro Bio insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $855,504.00 in company stock.

Percentage Held by Insiders

Only 5.40% of the stock of Korro Bio is held by insiders.

Percentage Held by Institutions

Only 13.18% of the stock of Korro Bio is held by institutions.

KRRO Stock Analysis - Frequently Asked Questions

How have KRRO shares performed this year?

Korro Bio's stock was trading at $47.93 at the start of the year. Since then, KRRO shares have increased by 3.8% and is now trading at $49.76.
View the best growth stocks for 2024 here.

How were Korro Bio's earnings last quarter?

Korro Bio, Inc. (NASDAQ:KRRO) issued its earnings results on Tuesday, November, 12th. The company reported ($2.26) EPS for the quarter, beating analysts' consensus estimates of ($2.55) by $0.29.

Who are Korro Bio's major shareholders?

Top institutional investors of Korro Bio include FMR LLC (6.23%), Point72 Asset Management L.P. (4.75%), Eventide Asset Management LLC (4.21%) and Geode Capital Management LLC (1.47%). Insiders that own company stock include Venture Opportunity Fund Atlas, David L Lucchino and Vineet Agarwal.
View institutional ownership trends.

How do I buy shares of Korro Bio?

Shares of KRRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Korro Bio own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Korro Bio investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:KRRO
• Previous Symbol: NASDAQ:KRRO
• CUSIP: N/A
• CIK: 1703647
• Web: www.frequencytx.com
• Phone: 781-315-4600
• Fax: N/A
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $142.17
• High Stock Price Target: $180.00
• Low Stock Price Target: $105.00
• Potential Upside/Downside: +185.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-81,170,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -50.25%
• Return on Assets: -38.48%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 11.23
• Quick Ratio: 11.23

Sales & Book Value

• Annual Sales: $14.07 million
• Price / Sales: 33.13
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $21.19 per share
• Price / Book: 2.35

Miscellaneous

• Outstanding Shares: 9,368,000
• Free Float: 8,862,000
• Market Cap: $466.15 million
• Optionable: No Data
• Beta: 1.97