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NASDAQ:CDTX

Cidara Therapeutics (CDTX) Stock Price, News & Analysis

$12.69
+0.27 (+2.17%)
(As of 05/31/2024 ET)
Today's Range
$12.38
$13.40
50-Day Range
$10.25
$23.20
52-Week Range
$10.00
$27.60
Volume
35,316 shs
Average Volume
51,426 shs
Market Capitalization
$57.87 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$71.25

Cidara Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
461.5% Upside
$71.25 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
1.07mentions of Cidara Therapeutics in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$40,468 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($13.07) to $12.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.43 out of 5 stars

Medical Sector

112th out of 929 stocks

Biological Products, Except Diagnostic Industry

13th out of 153 stocks

CDTX stock logo

About Cidara Therapeutics Stock (NASDAQ:CDTX)

Cidara Therapeutics, Inc., a biotechnology company, focuses on developing targeted therapies for patients facing cancers and other serious diseases. The company's product includes rezafungin acetate, a novel molecule in the echinocandin class of antifungals for the treatment and prevention of invasive fungal infections, including candidemia and invasive candidiasis, which are fungal infections associated with high mortality rates. It also develops its Cloudbreak platform that enables development of novel drug-Fc conjugates, that includes CD388, a potent antiviral designed to deliver universal prevention and treatment of seasonal and pandemic influenza, which is in Phase 1 and Phase 2a clinical trials. The company was formerly known as K2 Therapeutics, Inc. and changed its name to Cidara Therapeutics, Inc. in July 2014. The company was incorporated in 2012 and is based in San Diego, California.

CDTX Stock Price History

CDTX Stock News Headlines

Cidara Therapeutics Announces Reverse Stock Split
CDTX Cidara Therapeutics, Inc.
See More Headlines
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Company Calendar

Last Earnings
4/22/2024
Today
6/01/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:CDTX
Fax
N/A
Employees
69
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$71.25
High Stock Price Target
$120.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+461.5%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$-22,930,000.00
Pretax Margin
-77.25%

Debt

Sales & Book Value

Annual Sales
$63.90 million
Book Value
($3.90) per share

Miscellaneous

Free Float
4,223,000
Market Cap
$57.87 million
Optionable
Optionable
Beta
1.11
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Key Executives

  • Dr. Jeffrey L. Stein Ph.D. (Age 69)
    President, CEO & Executive Director
    Comp: $603.7k
  • Mr. Shane M. Ward (Age 49)
    Chief Legal Officer,Corporate Secretary & COO
    Comp: $464.54k
  • Dr. Taylor Sandison M.D. (Age 52)
    M.P.H., Chief Medical Officer
    Comp: $497k
  • Dr. Kevin M. Forrest Ph.D. (Age 47)
    Founder and Chief Strategy Officer
    Comp: $333.31k
  • Dr. Preetam Shah M.B.A. (Age 51)
    Ph.D., CFO, Chief Business Officer & Principal Accounting Officer
    Comp: $577.85k
  • Ms. Allison Lewis CCP
    SPHR, Senior Vice President of People & Culture
  • Dr. Leslie Tari Ph.D. (Age 56)
    Chief Scientific Officer
    Comp: $845.1k
  • Ms. Laura A. Navalta
    Senior Vice President of Clinical Operations
  • Dr. Nicole Davarpanah J.D.
    M.D., Senior VP of Translational Research & Development

CDTX Stock Analysis - Frequently Asked Questions

Should I buy or sell Cidara Therapeutics stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cidara Therapeutics in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CDTX shares.
View CDTX analyst ratings
or view top-rated stocks.

What is Cidara Therapeutics' stock price target for 2024?

4 brokerages have issued 12 month price objectives for Cidara Therapeutics' stock. Their CDTX share price targets range from $25.00 to $120.00. On average, they predict the company's stock price to reach $71.25 in the next twelve months. This suggests a possible upside of 461.5% from the stock's current price.
View analysts price targets for CDTX
or view top-rated stocks among Wall Street analysts.

How have CDTX shares performed in 2024?

Cidara Therapeutics' stock was trading at $15.88 on January 1st, 2024. Since then, CDTX shares have decreased by 20.1% and is now trading at $12.69.
View the best growth stocks for 2024 here
.

Are investors shorting Cidara Therapeutics?

Cidara Therapeutics saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 70,100 shares, a decrease of 16.2% from the April 30th total of 83,700 shares. Based on an average trading volume of 67,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.7% of the shares of the company are sold short.
View Cidara Therapeutics' Short Interest
.

When is Cidara Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our CDTX earnings forecast
.

How were Cidara Therapeutics' earnings last quarter?

Cidara Therapeutics, Inc. (NASDAQ:CDTX) released its quarterly earnings results on Monday, April, 22nd. The biotechnology company reported ($0.80) earnings per share (EPS) for the quarter. The biotechnology company had revenue of $17.58 million for the quarter. Cidara Therapeutics had a negative trailing twelve-month return on equity of 201.62% and a negative net margin of 73.46%.

When did Cidara Therapeutics' stock split?

Shares of Cidara Therapeutics reverse split on the morning of Wednesday, April 24th 2024. The 1-20 reverse split was announced on Wednesday, April 24th 2024. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 24th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What other stocks do shareholders of Cidara Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cidara Therapeutics investors own include Inovio Pharmaceuticals (INO), SCYNEXIS (SCYX), VBI Vaccines (VBIV), Verastem (VSTM), Dynavax Technologies (DVAX), Micron Technology (MU), Exelixis (EXEL), Gilead Sciences (GILD), Sorrento Therapeutics (SRNE) and Catalyst Pharmaceuticals (CPRX).

When did Cidara Therapeutics IPO?

Cidara Therapeutics (CDTX) raised $60 million in an initial public offering on Wednesday, April 15th 2015. The company issued 4,000,000 shares at $14.00-$16.00 per share. Jefferies and Leerink Partners acted as the underwriters for the IPO and Wedbush PacGrow Life Sciences, Needham and BTIG were co-managers.

Who are Cidara Therapeutics' major shareholders?

Cidara Therapeutics' stock is owned by a variety of institutional and retail investors. Top institutional investors include Alethea Capital Management LLC (35.05%), Tocqueville Asset Management L.P. (3.57%), Callan Capital LLC (2.09%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Brady Johnson, Jeffrey Stein, Leslie Tari, Paul Daruwala, Preetam Shah, Shane Ward, Taylor Sandison and Timothy R Franson.
View institutional ownership trends
.

How do I buy shares of Cidara Therapeutics?

Shares of CDTX 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.

This page (NASDAQ:CDTX) was last updated on 6/1/2024 by MarketBeat.com Staff

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