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Cidara Therapeutics (CDTX) Stock Price, News & Analysis

$13.24
+1.29 (+10.79%)
(As of 07/26/2024 ET)
Today's Range
$11.88
$13.34
50-Day Range
$10.62
$14.37
52-Week Range
$10.00
$24.40
Volume
70,964 shs
Average Volume
28,809 shs
Market Capitalization
$93.21 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$71.25

Cidara Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
438.1% Upside
$71.25 Price Target
Short Interest
Healthy
2.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$105,680 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($13.07) to $12.63 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.

4.34 out of 5 stars

Medical Sector

148th out of 936 stocks

Biological Products, Except Diagnostic Industry

14th out of 154 stocks

CDTX stock logo

About Cidara Therapeutics Stock (NASDAQ:CDTX)

Cidara Therapeutics, Inc., a biotechnology company, focuses on developing targeted therapies for patients facing cancers and other serious diseases. The company's product includes rezafungin acetate, a novel molecule in the echinocandin class of antifungals for the treatment and prevention of invasive fungal infections, including candidemia and invasive candidiasis, which are fungal infections associated with high mortality rates. It also develops its Cloudbreak platform that enables development of novel drug-Fc conjugates, that includes CD388, a potent antiviral designed to deliver universal prevention and treatment of seasonal and pandemic influenza, which is in Phase 1 and Phase 2a clinical trials. The company was formerly known as K2 Therapeutics, Inc. and changed its name to Cidara Therapeutics, Inc. in July 2014. The company was incorporated in 2012 and is based in San Diego, California.

CDTX Stock Price History

CDTX Stock News Headlines

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Company Calendar

Last Earnings
5/15/2024
Today
7/27/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:CDTX
Fax
N/A
Employees
90
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$71.25
High Stock Price Target
$120.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+438.1%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$-22,930,000.00
Pretax Margin
-77.25%

Debt

Sales & Book Value

Annual Sales
$63.90 million
Book Value
($1.82) per share

Miscellaneous

Free Float
4,213,000
Market Cap
$60.37 million
Optionable
Optionable
Beta
1.01
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Key Executives

  • Dr. Jeffrey L. Stein Ph.D. (Age 69)
    President, CEO & Executive Director
    Comp: $603.7k
  • Mr. Shane M. Ward (Age 49)
    Chief Legal Officer,Corporate Secretary & COO
    Comp: $464.54k
  • Dr. Taylor Sandison M.D. (Age 52)
    M.P.H., Chief Medical Officer
    Comp: $497k
  • Dr. Kevin M. Forrest Ph.D. (Age 47)
    Founder and Chief Strategy Officer
    Comp: $333.31k
  • Dr. Preetam Shah M.B.A. (Age 51)
    Ph.D., CFO, Chief Business Officer & Principal Accounting Officer
    Comp: $577.85k
  • Ms. Allison Lewis CCP
    SPHR, Senior Vice President of People & Culture
  • Dr. Leslie Tari Ph.D. (Age 56)
    Chief Scientific Officer
    Comp: $845.1k
  • Ms. Laura A. Navalta
    Senior Vice President of Clinical Operations
  • Dr. Nicole Davarpanah J.D.
    M.D., Senior VP of Translational Research & Development

CDTX Stock Analysis - Frequently Asked Questions

How have CDTX shares performed this year?

Cidara Therapeutics' stock was trading at $15.88 on January 1st, 2024. Since then, CDTX stock has decreased by 16.6% and is now trading at $13.24.
View the best growth stocks for 2024 here
.

How were Cidara Therapeutics' earnings last quarter?

Cidara Therapeutics, Inc. (NASDAQ:CDTX) announced its quarterly earnings results on Wednesday, May, 15th. The biotechnology company reported ($2.28) earnings per share for the quarter, missing analysts' consensus estimates of ($1.50) by $0.78. The biotechnology company earned $8.46 million during the quarter, compared to analyst estimates of $14.50 million. Cidara Therapeutics had a negative net margin of 73.46% and a negative trailing twelve-month return on equity of 201.62%.

When did Cidara Therapeutics' stock split?

Cidara Therapeutics's stock reverse split before market open on Wednesday, April 24th 2024. The 1-20 reverse split was announced on Wednesday, April 24th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 24th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

When did Cidara Therapeutics IPO?

Cidara Therapeutics (CDTX) raised $60 million in an IPO on Wednesday, April 15th 2015. The company issued 4,000,000 shares at $14.00-$16.00 per share. Jefferies and Leerink Partners served as the underwriters for the IPO and Wedbush PacGrow Life Sciences, Needham and BTIG were co-managers.

How do I buy shares of Cidara Therapeutics?

Shares of CDTX 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 Cidara Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cidara Therapeutics investors own include Inovio Pharmaceuticals (INO), SCYNEXIS (SCYX), VBI Vaccines (VBIV), Verastem (VSTM), Dynavax Technologies (DVAX), Micron Technology (MU) and Exelixis (EXEL).

This page (NASDAQ:CDTX) was last updated on 7/27/2024 by MarketBeat.com Staff

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