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CGC   3.82 (+15.76%)
F   16.32 (+0.87%)
GE   79.81 (-0.15%)
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NASDAQ:CYTK

Cytokinetics - CYTK Stock Forecast, Price & News

$50.83
+0.53 (+1.05%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$49.32
$51.06
50-Day Range
$38.54
$53.54
52-Week Range
$29.10
$54.74
Volume
1.47 million shs
Average Volume
1.19 million shs
Market Capitalization
$4.79 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$59.00

Cytokinetics MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.7% Upside
$60.33 Price Target
Short Interest
Healthy
12.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.00
Upright™ Environmental Score
News Sentiment
0.76mentions of Cytokinetics in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$3.04 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($3.80) to ($4.34) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Medical Sector

872nd out of 1,125 stocks

Pharmaceutical Preparations Industry

442nd out of 554 stocks

CYTK stock logo

About Cytokinetics (NASDAQ:CYTK) Stock

Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases. The company develops small molecule drug candidates primarily engineered to impact muscle function and contractility. Its drug candidates include omecamtiv mecarbil, a novel cardiac myosin activator that is in Phase III clinical trial in patients with heart failure; and reldesemtiv, a skeletal muscle troponin activator, which is in Phase III clinical trial to treat amyotrophic lateral sclerosis and spinal muscular atrophy. The company also develops CK-136, a novel cardiac troponin activator that is in Phase I clinical trial; aficamten, a novel cardiac myosin inhibitor, which is in Phase III clinical trial for the treatment of patients with symptomatic obstructive hypertrophic cardiomyopathy; and CK-3772271, a small molecule cardiac myosin inhibitor that is in Phase I clinical trial. Cytokinetics, Incorporated has a strategic alliance with Astellas Pharma Inc. The company was incorporated in 1997 and is headquartered in South San Francisco, California.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CYTK shares. The Goldman Sachs Group decreased their target price on Cytokinetics from $71.00 to $57.00 and set a "buy" rating for the company in a research report on Tuesday, May 24th. Needham & Company LLC lifted their target price on Cytokinetics from $52.00 to $60.00 in a research report on Thursday, May 5th. HC Wainwright reaffirmed a "buy" rating and set a $75.00 target price on shares of Cytokinetics in a research report on Tuesday, May 24th. Mizuho boosted their price target on Cytokinetics from $54.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, May 16th. Finally, Piper Sandler boosted their price target on Cytokinetics from $50.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, June 9th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Cytokinetics Stock Up 1.7 %

Shares of CYTK Stock opened at $50.30 on Monday. Cytokinetics has a 1-year low of $29.10 and a 1-year high of $54.74. The stock's fifty day moving average price is $43.42 and its 200 day moving average price is $39.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 9.01 and a current ratio of 9.01.

Cytokinetics (NASDAQ:CYTK - Get Rating) last announced its earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($1.04) by $0.81. Cytokinetics had a negative return on equity of 118.37% and a negative net margin of 142.85%. The firm had revenue of $88.97 million for the quarter, compared to the consensus estimate of $3.73 million. During the same period in the previous year, the business earned ($0.86) EPS. The firm's revenue for the quarter was up 3029.4% on a year-over-year basis. Sell-side analysts anticipate that Cytokinetics will post -3.8 EPS for the current fiscal year.

Insider Buying and Selling at Cytokinetics

In other Cytokinetics news, CEO Robert I. Blum sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $44.38, for a total transaction of $443,800.00. Following the sale, the chief executive officer now owns 409,472 shares in the company, valued at approximately $18,172,367.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cytokinetics news, CEO Robert I. Blum sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $44.38, for a total transaction of $443,800.00. Following the sale, the chief executive officer now owns 409,472 shares in the company, valued at approximately $18,172,367.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Fady Ibraham Malik sold 21,500 shares of the business's stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $43.43, for a total value of $933,745.00. Following the sale, the executive vice president now owns 168,346 shares in the company, valued at approximately $7,311,266.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,500 shares of company stock worth $2,607,345. 5.00% of the stock is currently owned by insiders.

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CYTK Stock News Headlines

StockNews.com Upgrades Cytokinetics (NASDAQ:CYTK) to "Hold"
Cytokinetics (NASDAQ:CYTK) Price Target Raised to $63.00
Analyst Ratings for Cytokinetics
Cytokinetics Is Showing Its Muscles on the Charts
See More Headlines
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CYTK Company Calendar

Last Earnings
8/04/2022
Today
8/15/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:CYTK
Employees
253
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$60.33
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+16.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$-215,310,000.00
Net Margins
-142.85%
Pretax Margin
-142.85%

Debt

Sales & Book Value

Annual Sales
$70.43 million
Book Value
$2.91 per share

Miscellaneous

Free Float
89,437,000
Market Cap
$4.79 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • Mr. Robert I. Blum (Age 58)
    CEO, Pres & Director
    Comp: $1.08M
  • Mr. Ching W. Jaw (Age 59)
    Sr. VP & CFO
    Comp: $645.6k
  • Dr. Fady Ibraham Malik FACC (Age 58)
    M.D., Ph.D., Exec. VP of R&D
    Comp: $733.08k
  • Mr. Andrew M. Callos (Age 66)
    Exec. VP & Chief Commercial Officer
    Comp: $411.85k
  • Dr. James A. Spudich Ph.D. (Age 80)
    Co-Founder & Member of Scientific Advisory Board
  • Mr. Jeff Lotz
    VP of Sales & Operations
  • Mr. Robert C. Wong (Age 54)
    VP & Chief Accounting Officer
  • Ms. Joanna Siegall
    Associate Director of Corp. Communications & Investor Relations
  • Ms. Kari K. Loeser J.D.
    VP & Chief Compliance Officer
  • Mr. Scott R. Jordan
    Sr. VP of Global Marketing & Commercial Strategy













CYTK Stock - Frequently Asked Questions

Should I buy or sell Cytokinetics stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cytokinetics in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CYTK shares.
View CYTK analyst ratings
or view top-rated stocks.

What is Cytokinetics' stock price forecast for 2022?

10 brokerages have issued 12-month price objectives for Cytokinetics' shares. Their CYTK share price forecasts range from $15.00 to $80.00. On average, they expect the company's stock price to reach $60.33 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for CYTK
or view top-rated stocks among Wall Street analysts.

How have CYTK shares performed in 2022?

Cytokinetics' stock was trading at $45.58 at the beginning of 2022. Since then, CYTK shares have increased by 11.5% and is now trading at $50.83.
View the best growth stocks for 2022 here
.

When is Cytokinetics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CYTK earnings forecast
.

How were Cytokinetics' earnings last quarter?

Cytokinetics, Incorporated (NASDAQ:CYTK) issued its quarterly earnings data on Thursday, August, 4th. The biopharmaceutical company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.04) by $0.81. The biopharmaceutical company had revenue of $88.97 million for the quarter, compared to analysts' expectations of $3.73 million. Cytokinetics had a negative net margin of 142.85% and a negative trailing twelve-month return on equity of 118.37%. Cytokinetics's revenue for the quarter was up 3029.4% on a year-over-year basis. During the same period last year, the business posted ($0.86) EPS.

What is Robert I. Blum's approval rating as Cytokinetics' CEO?

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.

What other stocks do shareholders of Cytokinetics own?

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).

What is Cytokinetics' stock symbol?

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

Who are Cytokinetics' major shareholders?

Cytokinetics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Pictet Asset Management SA (2.58%), Lazard Asset Management LLC (1.98%), Artal Group S.A. (1.35%), Franklin Resources Inc. (1.16%), Northern Trust Corp (1.03%) and Principal Financial Group Inc. (0.79%). 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, Sandford D Smith, Sandford D Smith, Santo J Costa, Value Fund L P Biotechnology and Wendall Wierenga.
View institutional ownership trends
.

How do I buy shares of Cytokinetics?

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.
Compare Top Brokerages Here.

What is Cytokinetics' stock price today?

One share of CYTK stock can currently be purchased for approximately $50.83.

How much money does Cytokinetics make?

Cytokinetics (NASDAQ:CYTK) has a market capitalization of $4.79 billion and generates $70.43 million in revenue each year. The biopharmaceutical company earns $-215,310,000.00 in net income (profit) each year or ($2.59) on an earnings per share basis.

How many employees does Cytokinetics have?

The company employs 253 workers across the globe.

When was Cytokinetics founded?

Cytokinetics was founded in 1997.

How can I contact Cytokinetics?

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.

This page (NASDAQ:CYTK) was last updated on 8/15/2022 by MarketBeat.com Staff

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