The stock of Cytokinetics Inc (NASDAQ:CYTK) last traded at $48.30, down -1.39% from the previous session.
CYTK stock price is now -26.83% away from the 50-day moving average and -10.47% away from the 200-day moving average. The market capitalization of the company currently stands at $5.06B.
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With the price target enhanced from $61 to $92, UBS Downgraded its rating from Buy to Neutral for Cytokinetics Inc (NASDAQ: CYTK). On January 05, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $60 to quote $90, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Malik Fady Ibraham, EVP Research & Development sold 15,547 shares of the company’s stock on May 07 ’24. The stock was sold for $1,012,265 at an average price of $65.11. Upon completion of the transaction, the EVP Research & Development now directly owns 137,056 shares in the company, valued at $6.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Director HENDERSON JOHN T sold 10,562 shares of the business’s stock. A total of $681,671 was realized by selling the stock at an average price of $64.54. This leaves the insider owning 32,070 shares of the company worth $1.55 million. A total of 3.65% of the company’s stock is owned by insiders.
During the past 12 months, Cytokinetics Inc has had a low of $25.98 and a high of $110.25. The fifty day moving average price for CYTK is $65.7038 and a two-hundred day moving average price translates $54.03225 for the stock.
The latest earnings results from Cytokinetics Inc (NASDAQ: CYTK) was released for 2024-03-31. The company reported revenue of $0.83 million for the quarter, compared to $4.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -81.9 percent.
