Cytokinetics (CYTK) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cytokinetics in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CYTK shares.
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12 analysts have issued 12-month target prices for Cytokinetics' stock. Their CYTK share price forecasts range from $15.00 to $80.00. On average, they anticipate the company's share price to reach $56.29 in the next twelve months. This suggests a possible upside of 50.7% from the stock's current price.
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Cytokinetics' stock was trading at $45.82 at the beginning of the year. Since then, CYTK shares have decreased by 18.5% and is now trading at $37.36.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Cytokinetics, Incorporated (NASDAQ:CYTK) posted its quarterly earnings results on Thursday, May, 4th. The biopharmaceutical company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.24) by $0.14. The biopharmaceutical company earned $4.60 million during the quarter, compared to analysts' expectations of $2.50 million. Cytokinetics had a negative net margin of 439.05% and a negative trailing twelve-month return on equity of 1,401.63%. The company's quarterly revenue was up 300.0% on a year-over-year basis. During the same period last year, the company posted ($1.02) earnings per share.

ETFs with the largest weight of Cytokinetics (NASDAQ:CYTK) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), ALPS Medical Breakthroughs ETF (SBIO), Global X Guru Index ETF (GURU), American Century Mid Cap Growth Impact (MID), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Momentum ETF (XSMO), SPDR S&P Biotech ETF (XBI) and Principal Healthcare Innovators ETF (BTEC).

Cytokinetics issued an update on its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.00 million-$5.00 million.

16 employees have rated Cytokinetics Chief Executive Officer Robert I. Blum on Glassdoor.com. Robert I. Blum has an approval rating of 64% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cytokinetics investors own include XOMA (XOMA), Arena Pharmaceuticals (ARNA), OncoSec Medical (ONCS), Novavax (NVAX), Amgen (AMGN), Inovio Pharmaceuticals (INO), Sorrento Therapeutics (SRNE), Dynavax Technologies (DVAX), TherapeuticsMD (TXMD) and Gilead Sciences (GILD).

Cytokinetics trades on the NASDAQ under the ticker symbol "CYTK."

Cytokinetics' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.29%), FMR LLC (13.45%), Wellington Management Group LLP (7.87%), State Street Corp (4.97%), American Century Companies Inc. (2.80%) and Pictet Asset Management SA (2.38%). Insiders that own company stock include B Lynne Parshall, Bvf Partners L P/Il, Ching Jaw, David Cragg, Edward M Md Kaye, Fady Ibraham Malik, John T Henderson, John T Henderson, L Patrick Gage, Mark A Schlossberg, Robert I Blum, Robert I Blum, Robert Wong, Sandford D Smith, Sandford D Smith, Santo J Costa and Wendall Wierenga.
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Shares of CYTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CYTK stock can currently be purchased for approximately $37.36.

Cytokinetics (NASDAQ:CYTK) has a market capitalization of $3.57 billion and generates $94.59 million in revenue each year. The biopharmaceutical company earns $-388,950,000.00 in net income (profit) each year or ($4.58) on an earnings per share basis.

The company employs 253 workers across the globe.

Cytokinetics' mailing address is 280 EAST GRAND AVENUE, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.cytokinetics.com. The biopharmaceutical company can be reached via phone at (650) 624-3000, via email at investor@cytokinetics.com, or via fax at 650-624-3010.