With 83946.0 shares changed hands, the volume of the stock remained heavier than its average volume of 21410.0 shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $6.95 whereas the lowest price it dropped to was $6.25. The 52-week range on KALA shows that it touched its highest point at $10.97 and its lowest point at $4.21 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at -2.17.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KALA was up-trending over the past week, with a rise of 3.42%, but this was down by -7.51% over a month. Three-month performance surged to 12.90% while six-month performance rose 3.10%. The stock gained 11.20% in the past year, while it has lost -5.00% so far this year. A look at the trailing 12-month EPS for KALA yields -12.47 with Next year EPS estimates of -6.21. For the next quarter, that number is -2.28. This implies an EPS growth rate of 37.55% for this year and 42.64% for next year. EPS is expected to grow by 40.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.60%.
Float and Shares Shorts:
At present, 4.61 million KALA shares are outstanding with a float of 3.66 million shares on hand for trading. On 2024-10-31, short shares totaled 37467.0, which was 81.0 higher than short shares on 1727654400. In addition to Mr. Mark T. Iwicki as the firm’s Chairman & CEO, Mr. Todd Bazemore serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.48127 of KALA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, KALA reported revenue of $0.0 and operating income of -$7622000.0. The EBITDA in the recently reported quarter was -$6989000.0 and diluted EPS was -$1.93.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KALA since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KALA analysts setting a high price target of 15.0 and a low target of 15.0, the average target price over the next 12 months is 15.0. Based on these targets, KALA could surge 125.56% to reach the target high and rise by 125.56% to reach the target low. Reaching the average price target will result in a growth of 125.56% from current levels.
Analysts have provided yearly estimates in a range of -$10.59511 being high and -$11.06489 being low. For KALA, this leads to a yearly average estimate of -$10.835. The surprise factor in the prior quarter was -$4.58. Based on analyst estimates, the high estimate for the next quarter is -$2.57 and the low estimate is -$2.57. The average estimate for the next quarter is thus -$2.57.
