Kronos Bio (KRON) Stock Price, News & Analysis

Company Overview

Kronos Bio, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery and development of therapeutics for various cancer and other serious diseases in the United States. Its lead product candidates are KB-0742, an oral cyclin dependent kinase 9 inhibitor for the treatment of MYC-amplified solid tumors, which is in phase 2 clinical trial; and KB-9558, a core oncogenic transcription factor that drives multiple myeloma. The company was incorporated in 2017 and is headquartered in San Mateo, California.

Key Stats

• Today's Range: $0.92 to $0.96
• 50-Day Range: $0.90 to $1.05
• 52-Week Range: $0.69 to $1.60
• Volume: 31,270 shs
• Average Volume: 279,856 shs
• Market Capitalization: $57.08 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.13
• Consensus Rating: Buy

Kronos Bio Stock Analysis - MarketRank™

Kronos Bio scored higher than 58% of companies evaluated by MarketBeat, and ranked 398th out of 999 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Kronos Bio has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kronos Bio has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Kronos Bio are expected to decrease in the coming year, from ($1.33) to ($1.36) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kronos Bio is -0.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kronos Bio is -0.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Kronos Bio has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.81% of the float of Kronos Bio has been sold short.

Short Interest Ratio / Days to Cover

Kronos Bio has a short interest ratio ("days to cover") of 5.9.

Change versus previous month

Short interest in Kronos Bio has recently decreased by 4.57%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Kronos Bio does not currently pay a dividend.

Dividend Growth

Kronos Bio does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.81% of the float of Kronos Bio has been sold short.

Short Interest Ratio / Days to Cover

Kronos Bio has a short interest ratio ("days to cover") of 5.9.

Change versus previous month

Short interest in Kronos Bio has recently decreased by 4.57%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.08

News Sentiment

Kronos Bio has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Kronos Bio this week, compared to 1 article on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Kronos Bio insiders have not sold or bought any company stock.

Percentage Held by Insiders

23.40% of the stock of Kronos Bio is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

64.09% of the stock of Kronos Bio is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KRON Stock Analysis - Frequently Asked Questions

How have KRON shares performed this year?

Kronos Bio's stock was trading at $1.25 on January 1st, 2024. Since then, KRON shares have decreased by 24.0% and is now trading at $0.9499.
View the best growth stocks for 2024 here.

How were Kronos Bio's earnings last quarter?

Kronos Bio, Inc. (NASDAQ:KRON) issued its quarterly earnings data on Thursday, August, 8th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.05. The company had revenue of $2.69 million for the quarter, compared to analysts' expectations of $1.75 million. Kronos Bio had a negative net margin of 1,222.83% and a negative trailing twelve-month return on equity of 68.82%.

When did Kronos Bio IPO?

Kronos Bio (KRON) raised $175 million in an initial public offering (IPO) on Friday, October 9th 2020. The company issued 10,300,000 shares at $16.00-$18.00 per share. Goldman Sachs, Jefferies, Cowen and Piper Sandler acted as the underwriters for the IPO.

How do I buy shares of Kronos Bio?

Shares of KRON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Kronos Bio own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kronos Bio investors own include Bank of America (BAC), AT&T (T), Taseko Mines (TGB), Energy Transfer (ET), ARMOUR Residential REIT (ARR), Prospect Capital (PSEC) and New Gold (NGD).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/23/2024
• Next Earnings (Estimated): 11/11/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:KRON
• CUSIP: N/A
• CIK: 1741830
• Web: kronosbio.com
• Phone: 650-781-5200
• Fax: N/A
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.13
• High Stock Price Target: $6.00
• Low Stock Price Target: $2.25
• Potential Upside/Downside: +334.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.99)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-112,670,000.00
• Net Margins: -1,222.83%
• Pretax Margin: -1,222.83%
• Return on Equity: -68.82%
• Return on Assets: -51.52%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 8.49
• Quick Ratio: 8.49

Sales & Book Value

• Annual Sales: $8.41 million
• Price / Sales: 6.79
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.73 per share
• Price / Book: 0.35

Miscellaneous

• Outstanding Shares: 60,094,000
• Free Float: 45,583,000
• Market Cap: $57.08 million
• Optionable: Optionable
• Beta: 1.87