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NASDAQ:KRRO

Korro Bio (KRRO) Stock Price, News & Analysis

$46.40
+1.66 (+3.71%)
(As of 06/7/2024 ET)
Today's Range
$42.53
$47.00
50-Day Range
$44.74
$89.74
52-Week Range
$9.15
$97.91
Volume
53,794 shs
Average Volume
42,396 shs
Market Capitalization
$430.13 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$122.50

Korro Bio MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
164.0% Upside
$122.50 Price Target
Short Interest
Healthy
2.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$999,992 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From ($9.64) to ($10.73) 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.

1.77 out of 5 stars

Medical Sector

717th out of 905 stocks

Pharmaceutical Preparations Industry

338th out of 430 stocks

KRRO stock logo

About Korro Bio Stock (NASDAQ:KRRO)

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.

KRRO Stock Price History

KRRO Stock News Headlines

Korro Bio, Inc. (KRRO)
Korro Announces $70 Million Private Placement
See More Headlines
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Company Calendar

Last Earnings
5/14/2024
Today
6/08/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:KRRO
Previous Symbol
NASDAQ:KRRO
Fax
N/A
Employees
101
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$122.50
High Stock Price Target
$180.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+164.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-81,170,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$14.07 million
Book Value
$21.19 per share

Miscellaneous

Free Float
7,715,000
Market Cap
$430.13 million
Optionable
No Data
Beta
2.23
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Key Executives

  • Mr. Nessan Bermingham Ph.D. (Age 51)
    Co-Founder & Executive Chairman
    Comp: $202.14k
  • Mr. Ram Aiyar MBA (Age 46)
    Ph.D., CEO, President & Director
    Comp: $844.87k
  • Dr. Jean-Francois Formela M.D. (Age 67)
    MBA, Co-Founder & Director
    Comp: $8.21k
  • Mr. Vineet Agarwal M.B.A. (Age 42)
    Chief Financial Officer
    Comp: $811.77k
  • Dr. Steven L. Colletti Ph.D. (Age 58)
    Chief Scientific Officer
    Comp: $592.89k
  • Mr. Andrew Fraley Ph.D.
    Co-Founder & CTO
  • Mr. Josh Rosenthal Ph.D.
    Co-Founder & Advisor
  • Mr. Todd Chappell (Age 51)
    Chief Operating Officer
  • Ms. Shelby Walker J.D. (Age 49)
    Senior VP & General Counsel
  • Mr. Ravi Ramadas Ph.D.
    Vice President of Business & Corporate Development

KRRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Korro Bio stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Korro Bio in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KRRO shares.
View KRRO analyst ratings
or view top-rated stocks.

What is Korro Bio's stock price target for 2024?

4 brokers have issued 1-year price targets for Korro Bio's stock. Their KRRO share price targets range from $90.00 to $180.00. On average, they expect the company's stock price to reach $122.50 in the next twelve months. This suggests a possible upside of 164.0% from the stock's current price.
View analysts price targets for KRRO
or view top-rated stocks among Wall Street analysts.

How have KRRO shares performed in 2024?

Korro Bio's stock was trading at $47.93 at the beginning of the year. Since then, KRRO stock has decreased by 3.2% and is now trading at $46.40.
View the best growth stocks for 2024 here
.

Are investors shorting Korro Bio?

Korro Bio saw a increase in short interest in May. As of May 15th, there was short interest totaling 150,500 shares, an increase of 21.4% from the April 30th total of 124,000 shares. Based on an average daily trading volume, of 39,100 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.8% of the shares of the stock are short sold.
View Korro Bio's Short Interest
.

When is Korro Bio's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024.
View our KRRO earnings forecast
.

How were Korro Bio's earnings last quarter?

Korro Bio, Inc. (NASDAQ:KRRO) announced its earnings results on Tuesday, May, 14th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.36) by $0.08.

Who are Korro Bio's major shareholders?

Korro Bio's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Artal Group S.A. (4.52%) and Vanguard Group Inc. (3.32%). Insiders that own company stock include David L Lucchino and Venture Opportunity Fund Atlas.
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.

This page (NASDAQ:KRRO) was last updated on 6/8/2024 by MarketBeat.com Staff

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