NASDAQ:CYTK - Cytokinetics Stock Price, News, & Analysis

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$7.77 +0.15 (+1.97 %)
(As of 02/15/2019 01:34 PM ET)
Previous Close$7.62
Today's Range$7.66 - $7.97
52-Week Range$5.90 - $10.00
Volume407,070 shs
Average Volume215,628 shs
Market Capitalization$425.10 million
P/E Ratio-3.00
Dividend YieldN/A
Beta2.17
Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. It is developing small molecule drug candidates primarily engineered to increase muscle function and contractility. The company's drug candidates include omecamtiv mecarbil, a novel cardiac myosin activator that is in phase III clinical trials in patients with heart failure; and reldesemtiv, a fast skeletal muscle activator, which is in two phase II clinical trials in patients with spinal muscular atrophy and amyotrophic lateral sclerosis. It also develops reldesemtiv that is in phase II clinical trials in patients with chronic obstructive pulmonary disease, as well as in phase Ib clinical trials in elderly subjects with limited mobility. The company has strategic alliances with Astellas Pharma Inc. and Amgen Inc. The company was founded in 1997 and is headquartered in South San Francisco, California.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CYTK
CUSIPN/A
Phone650-624-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.37 million
Book Value$2.04 per share

Profitability

Net Income$-127,790,000.00

Miscellaneous

Employees137
Market Cap$425.10 million
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) announced its quarterly earnings data on Thursday, November, 1st. The biopharmaceutical company reported ($0.40) EPS for the quarter, topping the Zacks' consensus estimate of ($0.51) by $0.11. The biopharmaceutical company earned $10.64 million during the quarter, compared to the consensus estimate of $2.23 million. View Cytokinetics' Earnings History.

When is Cytokinetics' next earnings date?

Cytokinetics is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Cytokinetics.

What price target have analysts set for CYTK?

5 Wall Street analysts have issued 12 month price targets for Cytokinetics' shares. Their forecasts range from $10.00 to $21.00. On average, they anticipate Cytokinetics' share price to reach $13.80 in the next year. This suggests a possible upside of 77.8% 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. HC Wainwright analysts commented, "Our thesis is based on three key areas at the company: (1) omecamtiv mecarbil program in heart failure with global partner Amgen (AMGN; not rated) and a projected significant boost in visibility this year (primary valuation contribution); (2) the volatile reldesmtiv program (ALS and SMA), which is expected to provide major answers this year; and (3)." (1/22/2019)
  • 2. 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. " (1/21/2019)
  • 3. Cantor Fitzgerald analysts commented, "We have an Overweight rating based on ome’ in chronic HF and relde’ in SMA & ALS. For ome’, GALACTIC-HF data are expected in 2021, with interim reads in ’19 (futility) and ’20 (efficacy) that may lead to milestone payments to CYTK. Recent relde’ P2 data in SMA showed clinical benefit in 6MWD & MEP which enhances PoS in Type III SMA in our view. With VITALITY-ALS lessons learned & SMA PoC in hand, we are cautiously optimistic on relde’ prospects and believe investors may be overlooking potential value creation within the next 12 months." (12/5/2018)

Has Cytokinetics been receiving favorable news coverage?

Media coverage about CYTK stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 1.1 on InfoTrie's scale. They also gave news stories about the biopharmaceutical company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the company's share price in the near term.

Who are some of Cytokinetics' key competitors?

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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.95%), Great Point Partners LLC (5.80%), Pinnacle Associates Ltd. (1.08%), Bank of New York Mellon Corp (1.08%), Geode Capital Management LLC (1.07%) and Northern Trust Corp (0.97%). 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 Pinnacle Associates Ltd., Dimensional Fund Advisors LP, Barclays PLC, Northern Trust Corp, Virtus ETF Advisers LLC, MetLife Investment Advisors LLC, United Services Automobile Association and Weiss Multi Strategy Advisers LLC. 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 purchased by a variety of institutional investors in the last quarter, including Great Point Partners LLC, Fosun International Ltd, Foresite Capital Management IV LLC, Citigroup Inc., ClariVest Asset Management LLC, Geode Capital Management LLC, D. E. Shaw & Co. Inc. and Bank of America Corp DE. 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 $7.76.

How big of a company is Cytokinetics?

Cytokinetics has a market capitalization of $424.55 million and generates $13.37 million in revenue each year. The biopharmaceutical company earns $-127,790,000.00 in net income (profit) each year or ($2.59) on an earnings per share basis. Cytokinetics employs 137 workers across the globe.

What is Cytokinetics' official website?

The official website for Cytokinetics is http://www.cytokinetics.com.

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)

Community Ranking:  3.7 out of 5 (star star star)
Outperform Votes:  566 (Vote Outperform)
Underperform Votes:  203 (Vote Underperform)
Total Votes:  769
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.
This page was last updated on 2/15/2019 by MarketBeat.com Staff

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