Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. The company is developing small molecule drug candidates primarily engineered to increase muscle function and contractility.
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Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Phone650-624-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$31.50 million
Profitability
Miscellaneous
Employees130
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
Cytokinetics (NASDAQ:CYTK) Frequently Asked Questions
What is Cytokinetics' stock symbol?
Cytokinetics trades on the NASDAQ under the ticker symbol "CYTK."
How were Cytokinetics' earnings last quarter?
Cytokinetics, Inc. (NASDAQ:CYTK) issued its quarterly earnings data on Thursday, August, 8th. The biopharmaceutical company reported ($0.56) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.50) by $0.06. The biopharmaceutical company had revenue of $7.14 million for the quarter, compared to the consensus estimate of $6.81 million. Cytokinetics had a negative net margin of 308.73% and a negative return on equity of 575.21%. View Cytokinetics' Earnings History.
When is Cytokinetics' next earnings date?
What price target have analysts set for CYTK?
5 Wall Street analysts have issued 12-month price objectives for Cytokinetics' shares. Their predictions range from $14.00 to $26.00. On average, they anticipate Cytokinetics' stock price to reach $17.20 in the next twelve months. This suggests a possible upside of 29.7% from the stock's current price. View Analyst Price Targets for Cytokinetics.
What is the consensus analysts' recommendation for Cytokinetics?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cytokinetics in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cytokinetics.
What are Wall Street analysts saying about Cytokinetics stock?
Here are some recent quotes from research analysts about Cytokinetics stock:
- 1. According to Zacks Investment Research, "Cytokinetics is a late-stage biopharmaceutical company focused on discovering, developing and commercializing first-in-class muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or deteriorating. With an unmatched understanding of muscle biology and mechanics of muscle performance, the company is developing small molecule drug candidates engineered to increase muscle function and contractility. Cytokinetics' lead drug candidate is tirasemtiv, a fast skeletal muscle activator, for the potential treatment of ALS. Tirasemtiv has been granted orphan drug designation and fast track status by the FDA and orphan medicinal product designation by the EMA. Cytokinetics is collaborating with Amgen Inc. to develop omecamtiv mecarbil, a novel cardiac muscle activator, for the potential treatment of heart failure, and with Astellas Pharma Inc. to develop CK-2127107, a fast skeletal muscle activator, for the potential treatment of spinal muscular atrophy. " (8/13/2019)
- 2. Cantor Fitzgerald analysts commented, ". We reiterate our OW rating and 12-month and raise our price target from $10 to $14 per share of CYTK primarily driven by increased visibility on the omecamtiv (ome’) programs with the initiation of the P3 METEORIC-HF study and removal of the FORTITUDE-ALS overhang. On Thursday AMC Cytokinetics reported 1Q19 revenue of $8.5M & cash of $177M. Our model projects current cash provides two years of runaway (through 2020), which should include readout of the METEORIC-HF studies." (5/10/2019)
- 3. HC Wainwright analysts commented, "Valuation and potential impediments to achieving it. We reiterate our Buy rating and $26 target. We highlight that omecamtiv, partnered globally with Amgen, drives the lion’s share of our current valuation (>80%). Reldesemtiv (CK-107) represents the remainder of the contribution to our valuation (10.2% for SMA and 6.3% for ALS) with no contribution from the pipeline, especially CK-274, which is now clinical stage. Our price target is based on our clinical net present value (NPV) model." (5/6/2019)
Has Cytokinetics been receiving favorable news coverage?
Press coverage about CYTK stock has trended negative this week, InfoTrie reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cytokinetics earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the biopharmaceutical company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Cytokinetics.
Are investors shorting Cytokinetics?
Cytokinetics saw a decrease in short interest in July. As of July 31st, there was short interest totalling 3,660,200 shares, a decrease of 8.2% from the June 30th total of 3,986,500 shares. Based on an average daily volume of 472,500 shares, the days-to-cover ratio is presently 7.7 days. Approximately 7.1% of the company's shares are short sold. View Cytokinetics' Current Options Chain.
Who are some of Cytokinetics' key competitors?
Some companies that are related to Cytokinetics include Arrowhead Pharmaceuticals (ARWR), Global Blood Therapeutics (GBT), HUTCHISON CHINA/S (HCM), Arena Pharmaceuticals (ARNA), Genmab A/S (GMAB), PTC Therapeutics (PTCT), Amicus Therapeutics (FOLD), The Medicines (MDCO), Agios Pharmaceuticals (AGIO), Myokardia (MYOK), Emergent Biosolutions (EBS), Reata Pharmaceuticals (RETA), Xencor (XNCR), Intercept Pharmaceuticals (ICPT) and Uniqure (QURE).
What other stocks do shareholders of Cytokinetics own?
Who are Cytokinetics' key executives?
Cytokinetics' management team includes the folowing people:
- Mr. Robert I. Blum, CEO, Pres & Director (Age 55)
- Mr. Ching W. Jaw, Sr. VP & CFO (Age 56)
- Dr. Andrew A. Wolff, Sr. VP & Chief Medical Officer (Age 64)
- Dr. Fady Ibraham Malik, Exec. VP of R&D (Age 55)
- Dr. Bradley Paul Morgan, Sr. VP of Research & Non-Clinical Devel. (Age 59)
Who are Cytokinetics' major shareholders?
Cytokinetics' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.69%), Vanguard Group Inc. (6.86%), Wasatch Advisors Inc. (5.57%), Northern Trust Corp (1.17%), Bank of New York Mellon Corp (1.11%) and Point72 Asset Management L.P. (1.03%). Company insiders that own Cytokinetics stock include Bradley Paul Morgan, Caryn Gordon Mcdowell, Fady Ibraham Malik, Robert I Blum and Santo J Costa. View Institutional Ownership Trends for Cytokinetics.
Which institutional investors are selling Cytokinetics stock?
CYTK stock was sold by a variety of institutional investors in the last quarter, including South Dakota Investment Council, D. E. Shaw & Co. Inc., Invesco Ltd., Fosun International Ltd, Pinnacle Associates Ltd., Public Employees Retirement System of Ohio, Zacks Investment Management and Ladenburg Thalmann Financial Services Inc.. Company insiders that have sold Cytokinetics company stock in the last year include Fady Ibraham Malik and Robert I Blum. View Insider Buying and Selling for Cytokinetics.
Which institutional investors are buying Cytokinetics stock?
CYTK stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Morgan Stanley, Nuveen Asset Management LLC, BlackRock Inc., Vanguard Group Inc., Northern Trust Corp, Renaissance Technologies LLC and Panagora Asset Management Inc.. View Insider Buying and Selling for Cytokinetics.
How do I buy shares of Cytokinetics?
Shares of CYTK 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 Cytokinetics' stock price today?
One share of CYTK stock can currently be purchased for approximately $13.26.
How big of a company is Cytokinetics?
Cytokinetics has a market capitalization of $778.10 million and generates $31.50 million in revenue each year. The biopharmaceutical company earns $-106,290,000.00 in net income (profit) each year or ($1.95) on an earnings per share basis. Cytokinetics employs 130 workers across the globe.View Additional Information About Cytokinetics.
What is Cytokinetics' official website?
How can I contact Cytokinetics?
Cytokinetics' mailing address is 280 EAST GRAND AVENUE, SOUTH SAN FRANCISCO CA, 94080. The biopharmaceutical company can be reached via phone at 650-624-3000 or via email at [email protected]
MarketBeat Community Rating for Cytokinetics (NASDAQ CYTK)
MarketBeat's community ratings are surveys of what our community members think about Cytokinetics and other stocks. Vote "Outperform" if you believe CYTK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CYTK will underperform the S&P 500 over the long term. You may vote once every thirty days.
