Cytokinetics (CYTK) Stock Price, News & Analysis

$65.27
-0.01 (-0.02%)
(As of 05/8/2024 ET)
Today's Range
$64.52
$66.25
50-Day Range
$61.32
$75.05
52-Week Range
$25.98
$110.25
Volume
1.17 million shs
Average Volume
2.74 million shs
Market Capitalization
$6.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$79.33

Cytokinetics MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
21.5% Upside
$79.33 Price Target
Short Interest
Bearish
13.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.83
Upright™ Environmental Score
News Sentiment
0.61mentions of Cytokinetics in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$6.70 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.50) to ($3.28) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.67 out of 5 stars

Medical Sector

240th out of 905 stocks

Pharmaceutical Preparations Industry

104th out of 422 stocks

CYTK stock logo

About Cytokinetics Stock (NASDAQ:CYTK)

Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases. The company develops small molecule drug candidates primarily engineered to impact muscle function and contractility. Its drug candidates include omecamtiv mecarbil, a novel cardiac myosin activator that is in Phase III clinical trial in patients with heart failure. The company also develops CK-136, a novel cardiac troponin activator that is in Phase I clinical trial; CK-586, a small molecule cardiac myosin inhibitor, that is in Phase I clinical trial; and aficamten, a novel cardiac myosin inhibitor, which is in Phase III clinical trial for the treatment of patients with symptomatic obstructive hypertrophic cardiomyopathy. Cytokinetics, Incorporated has a strategic alliance with Ji Xing Pharmaceuticals Limited. The company was incorporated in 1997 and is headquartered in South San Francisco, California.

CYTK Stock Price History

CYTK Stock News Headlines

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Cytokinetics Inc.
Cytokinetics Taps Sung Lee as Permanent CFO
Cytokinetics EVP sells over $2.4m in company stock
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
5/08/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:CYTK
Employees
423
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$79.33
High Stock Price Target
$108.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+21.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$-526,240,000.00
Net Margins
-6,988.63%
Pretax Margin
-6,988.63%

Debt

Sales & Book Value

Annual Sales
$7.53 million
Book Value
($3.94) per share

Miscellaneous

Free Float
101,020,000
Market Cap
$6.83 billion
Optionable
Optionable
Beta
0.72

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Key Executives


CYTK Stock Analysis - Frequently Asked Questions

Should I buy or sell Cytokinetics stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cytokinetics in the last twelve months. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CYTK shares.
View CYTK analyst ratings
or view top-rated stocks.

What is Cytokinetics' stock price target for 2024?

15 analysts have issued 1-year target prices for Cytokinetics' shares. Their CYTK share price targets range from $50.00 to $108.00. On average, they expect the company's share price to reach $79.33 in the next year. This suggests a possible upside of 21.5% from the stock's current price.
View analysts price targets for CYTK
or view top-rated stocks among Wall Street analysts.

How have CYTK shares performed in 2024?

Cytokinetics' stock was trading at $83.49 on January 1st, 2024. Since then, CYTK shares have decreased by 21.8% and is now trading at $65.27.
View the best growth stocks for 2024 here
.

Are investors shorting Cytokinetics?

Cytokinetics saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 14,040,000 shares, an increase of 6.1% from the March 31st total of 13,230,000 shares. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is presently 6.9 days. Currently, 13.9% of the shares of the company are sold short.
View Cytokinetics' Short Interest
.

How were Cytokinetics' earnings last quarter?

Cytokinetics, Incorporated (NASDAQ:CYTK) issued its quarterly earnings data on Tuesday, February, 27th. The biopharmaceutical company reported ($1.38) EPS for the quarter, missing analysts' consensus estimates of ($1.03) by $0.35. The biopharmaceutical company earned $1.70 million during the quarter, compared to the consensus estimate of $7.62 million. The business's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.45) EPS.

What guidance has Cytokinetics issued on next quarter's earnings?

Cytokinetics updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.0 million-$5.0 million, compared to the consensus revenue estimate of $28.5 million.

What is Robert I. Blum's approval rating as Cytokinetics' CEO?

16 employees have rated Cytokinetics Chief Executive Officer Robert I. Blum on Glassdoor.com. Robert I. Blum has an approval rating of 64% among the company's employees.

What other stocks do shareholders of Cytokinetics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cytokinetics investors own include XOMA (XOMA), Arena Pharmaceuticals (ARNA), OncoSec Medical (ONCS), Novavax (NVAX), Amgen (AMGN), Inovio Pharmaceuticals (INO), Sorrento Therapeutics (SRNE), Dynavax Technologies (DVAX), TherapeuticsMD (TXMD) and Gilead Sciences (GILD).

Who are Cytokinetics' major shareholders?

Cytokinetics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. (0.44%), Principal Financial Group Inc. (0.41%), Pinnacle Associates Ltd. (0.25%), Russell Investments Group Ltd. (0.23%), Swiss National Bank (0.17%) and BNP Paribas Financial Markets (0.16%). Insiders that own company stock include B Lynne Parshall, Ching Jaw, David Cragg, Edward M Md Kaye, Fady Ibraham Malik, John T Henderson, L Patrick Gage, Mark A Schlossberg, Muna Bhanji, Robert I Blum, Robert I Blum, Robert Wong, Sandford D Smith, Santo J Costa and Wendall Wierenga.
View institutional ownership trends
.

How do I buy shares of Cytokinetics?

Shares of CYTK 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.

This page (NASDAQ:CYTK) was last updated on 5/9/2024 by MarketBeat.com Staff

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