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 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CYTK shares.
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12 brokers have issued 1-year price objectives for Cytokinetics' shares. Their CYTK share price forecasts range from $15.00 to $80.00. On average, they predict the company's share price to reach $57.71 in the next twelve months. This suggests a possible upside of 67.1% 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 stock has decreased by 24.6% and is now trading at $34.53.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Cytokinetics, Incorporated (NASDAQ:CYTK) announced its quarterly earnings data on Wednesday, March, 1st. The biopharmaceutical company reported ($1.45) earnings per share for the quarter, missing analysts' consensus estimates of ($1.22) by $0.23. The biopharmaceutical company earned $1.96 million during the quarter, compared to analyst estimates of $7.10 million. Cytokinetics had a negative net margin of 410.89% and a negative trailing twelve-month return on equity of 1,401.63%. Cytokinetics's revenue for the quarter was down 96.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.36) EPS.

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), Principal Healthcare Innovators ETF (BTEC), Invesco S&P SmallCap Momentum ETF (XSMO) and SPDR S&P Biotech ETF (XBI).

Cytokinetics updated its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided EPS 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 a variety of institutional and retail investors. Top institutional investors include Lord Abbett & CO. LLC (3.09%), Geode Capital Management LLC (1.75%), American Century Companies Inc. (1.25%), Price T Rowe Associates Inc. MD (1.17%), Franklin Resources Inc. (1.17%) and Marshall Wace LLP (1.07%). 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 $34.53.

Cytokinetics (NASDAQ:CYTK) has a market capitalization of $3.29 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 ($4.25) 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.