Cidara Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of anti-infectives for the treatment of diseases. Its lead product candidate is rezafungin acetate, a molecule in the echinocandin class of antifungals for the treatment and prevention of serious invasive fungal infections, including candidemia and invasive candidiasis, fungal infections associated with high mortality rates. It is also developing antibody-drug conjugates for multidrug-resistant bacterial infections that directly kill pathogens and also direct a patient's immune system to attack and eliminate bacterial, fungal, or viral pathogens. The company was formerly known as K2 Therapeutics, Inc. and changed its name to Cidara Therapeutics, Inc. in June 2014. Cidara Therapeutics, Inc. was founded in 2012 and is headquartered in San Diego, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:CDTX
CUSIPN/A
Phone858-752-6170
Debt
Debt-to-Equity Ratio0.12
Current Ratio7.11
Quick Ratio7.11
Price-To-Earnings
Trailing P/E Ratio-1.34
Forward P/E Ratio-1.68
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book Value$2.95 per share
Price / Book1.44
Profitability
EPS (Most Recent Fiscal Year)($3.18)
Net Income$-55,720,000.00
Net MarginsN/A
Return on Equity-96.55%
Return on Assets-72.59%
Miscellaneous
Employees61
Outstanding Shares27,680,000
Market Cap$114.86 million
Cidara Therapeutics (NASDAQ:CDTX) Frequently Asked Questions
What is Cidara Therapeutics' stock symbol?
Cidara Therapeutics trades on the NASDAQ under the ticker symbol "CDTX."
How were Cidara Therapeutics' earnings last quarter?
Cidara Therapeutics Inc (NASDAQ:CDTX) issued its quarterly earnings data on Wednesday, August, 8th. The biotechnology company reported ($1.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.66) by $0.47. View Cidara Therapeutics' Earnings History.
When is Cidara Therapeutics' next earnings date?
What price target have analysts set for CDTX?
5 Wall Street analysts have issued twelve-month target prices for Cidara Therapeutics' stock. Their predictions range from $8.00 to $16.00. On average, they expect Cidara Therapeutics' share price to reach $13.25 in the next twelve months. This suggests a possible upside of 211.8% from the stock's current price. View Analyst Price Targets for Cidara Therapeutics.
What is the consensus analysts' recommendation for Cidara Therapeutics?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cidara Therapeutics in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cidara Therapeutics.
What are Wall Street analysts saying about Cidara Therapeutics stock?
Here are some recent quotes from research analysts about Cidara Therapeutics stock:
- 1. According to Zacks Investment Research, "Cidara Therapeutics, Inc. is a biotechnology company. The company is focused on the discovery, development and commercialization of novel anti-infectives. Its product pipeline includes CD101 IV, a long-acting echinocandin antifungal, CD101 topical and C001 which are in different clinical trial. The company developed its product using Cloudbreak(TM) immunotherapy platform. Cidara Therapeutics, Inc. is headquartered in San Diego, California. " (8/13/2018)
- 2. Cantor Fitzgerald analysts commented, ". Post a solid quarter of execution, we reiterate our OW rating and 12-month PT of $15. We think the Street underappreciates the sales potential of CDTX’s two pipeline assets: 1) Rezafungin for the treatment of life-threatening invasive fungal infections, and 2) Cloudbreak, an antimicrobial immunotherapy for the treatment of MDR gram-negative bacterial infections. Therefore, we expect pipeline advancements to drive upward earnings revisions to levels not yet reflected in consensus expectations. This should move CDTX’s stock higher." (8/8/2018)
Who are some of Cidara Therapeutics' key competitors?
Some companies that are related to Cidara Therapeutics include Adverum Biotechnologies (ADVM), Cellular Biomedicine Group (CBMG), PDL BioPharma (PDLI), MeiraGTx (MGTX), Surface Oncology (SURF), ADMA Biologics (ADMA), Nantkwest (NK), Allena Pharmaceuticals (ALNA), Agenus (AGEN), Idera Pharmaceuticals (IDRA), Neon Therapeutics (NTGN), Jounce Therapeutics (JNCE), Compugen (CGEN), Krystal Biotech (KRYS) and Eiger Biopharmaceuticals (EIGR).
Who are Cidara Therapeutics' key executives?
Cidara Therapeutics' management team includes the folowing people:
- Dr. Jeffrey L. Stein, CEO, Pres, Principal Financial Officer & Exec. Director (Age 63)
- Dr. Taylor Sandison, Chief Medical Officer (Age 46)
- Dr. Kevin M. Forrest Ph.D., Founder and Chief Strategy Officer (Age 41)
- Mr. Paul Daruwala, COO & Chief Commercial Officer (Age 49)
- Mr. Brady Johnson, Principal Accounting Officer, Controller & Director of Fin.
When did Cidara Therapeutics IPO?
(CDTX) raised $60 million in an initial public offering on Wednesday, April 15th 2015. The company issued 4,000,000 shares at a price of $14.00-$16.00 per share. Jefferies and Leerink Partners acted as the underwriters for the IPO and Wedbush PacGrow Life Sciences, Needham and BTIG were co-managers.
Has Cidara Therapeutics been receiving favorable news coverage?
News articles about CDTX stock have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cidara Therapeutics earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned media headlines about the biotechnology company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Cidara Therapeutics.
Who are Cidara Therapeutics' major shareholders?
Cidara Therapeutics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Omega Fund Management LLC (5.45%), Opaleye Management Inc. (4.34%), Prosight Management LP (4.19%), Millennium Management LLC (2.61%), Granahan Investment Management Inc. MA (1.65%) and Stonepine Capital Management LLC (1.54%). Company insiders that own Cidara Therapeutics stock include Jeffrey Stein, Kevin Forrest, Target N V Biotech and Taylor Sandison. View Institutional Ownership Trends for Cidara Therapeutics.
Which institutional investors are selling Cidara Therapeutics stock?
Which institutional investors are buying Cidara Therapeutics stock?
CDTX stock was purchased by a variety of institutional investors in the last quarter, including Opaleye Management Inc., Omega Fund Management LLC, Granahan Investment Management Inc. MA, Stonepine Capital Management LLC, DAFNA Capital Management LLC, Raymond James & Associates, Raymond James Financial Services Advisors Inc. and BlackRock Inc.. Company insiders that have bought Cidara Therapeutics stock in the last two years include Jeffrey Stein, Kevin Forrest, Target N V Biotech and Taylor Sandison. View Insider Buying and Selling for Cidara Therapeutics.
How do I buy shares of Cidara Therapeutics?
Shares of CDTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cidara Therapeutics' stock price today?
One share of CDTX stock can currently be purchased for approximately $4.25.
How big of a company is Cidara Therapeutics?
Cidara Therapeutics has a market capitalization of $114.86 million. The biotechnology company earns $-55,720,000.00 in net income (profit) each year or ($3.18) on an earnings per share basis. Cidara Therapeutics employs 61 workers across the globe.
How can I contact Cidara Therapeutics?
Cidara Therapeutics' mailing address is 6310 NANCY RIDGE DRIVE SUITE 101, SAN DIEGO CA, 92121. The biotechnology company can be reached via phone at 858-752-6170 or via email at [email protected]
MarketBeat Community Rating for Cidara Therapeutics (NASDAQ CDTX)
MarketBeat's community ratings are surveys of what our community members think about Cidara Therapeutics and other stocks. Vote "Outperform" if you believe CDTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
