Cytokinetics (CYTK) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cytokinetics in the last year. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CYTK shares.
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14 Wall Street research analysts have issued twelve-month price targets for Cytokinetics' shares. Their CYTK share price forecasts range from $42.00 to $80.00. On average, they anticipate the company's stock price to reach $58.21 in the next year. This suggests a possible upside of 88.1% from the stock's current price.
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Cytokinetics' stock was trading at $45.82 on January 1st, 2023. Since then, CYTK stock has decreased by 32.5% and is now trading at $30.95.
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Cytokinetics saw a increase in short interest in August. As of August 31st, there was short interest totaling 11,610,000 shares, an increase of 15.1% from the August 15th total of 10,090,000 shares. Based on an average daily volume of 815,200 shares, the short-interest ratio is presently 14.2 days. Currently, 13.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Cytokinetics, Incorporated (NASDAQ:CYTK) released its earnings results on Thursday, August, 3rd. The biopharmaceutical company reported ($1.34) earnings per share for the quarter, missing analysts' consensus estimates of ($1.23) by $0.11. The biopharmaceutical company earned $0.87 million during the quarter, compared to analysts' expectations of $5.67 million. Cytokinetics had a negative trailing twelve-month return on equity of 1,401.63% and a negative net margin of 5,419.17%. The business's quarterly revenue was down 99.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) EPS.

ETFs with the largest weight of Cytokinetics (NASDAQ:CYTK) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), American Century Mid Cap Growth Impact (MID), BNY Mellon Innovators ETF (BKIV), SPDR S&P Biotech ETF (XBI), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Momentum ETF (XSMO), Fidelity Disruptive Medicine ETF (FMED) and Principal Healthcare Innovators ETF (BTEC).

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.00%), State Street Corp (5.30%), Polar Capital Holdings Plc (2.77%), Geode Capital Management LLC (1.99%), Artal Group S.A. (1.48%) and Bank of New York Mellon Corp (1.35%). 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, Muna Bhanji, 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 $30.95.

Cytokinetics (NASDAQ:CYTK) has a market capitalization of $2.97 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 ($5.69) on an earnings per share basis.

The company employs 409 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.