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Stock Charts AI Power Rank: 5.3
Power Rank trend -> Rising

Last Price: 57.98 - Change: 2.14 - Change %: 3.8324
11/08/2024 16:00:00 EST

Cytokinetics Inc (CYTK)

Industry: Biotechnology

Price Support Resistance

In the past 20 trading days, CYTK has been trading in a range between $55.38 and $51.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

CYTK is trading between resistance at $59.69 about 3% to the upside and support at $55.88 -4% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $75.05, about a 29% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Cytokinetics Inc $CYTK entered a Green zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $62.27, a potential upside of 7.4% from the recent price of 57.98. The stock is trading 90.15% (potential upside) below its 52 week high of $110.25 and 88.98 % (potential downside) above its 52 week low of $30.68 - based on the recent price.

Company Summary

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.

CYTK Website

News

Cytokinetics, Incorporated (CYTK) Q3 2024 Earnings Call Transcript
Cytokinetics, Incorporated (CYTK) Q3 2024 Earnings Call Transcript
Source: Seeking Alpha
Wed, 06 Nov 2024 19:58:08 -0500
Sentiment: Neutral
Cytokinetics (CYTK) Reports Q3 Loss, Lags Revenue Estimates
Cytokinetics (CYTK) came out with a quarterly loss of $1.36 per share versus the Zacks Consensus Estimate of a loss of $1.27. This compares to loss of $1.35 per share a year ago.
Source: Zacks Investment Research
Wed, 06 Nov 2024 18:06:09 -0500
Sentiment: Negative
Cytokinetics Reports Third Quarter 2024 Financial Results
Rolling Submission of NDA for Aficamten Completed and Submitted to FDA in Q3 COMET-HF, Confirmatory Phase 3 Clinical Trial of Omecamtiv Mecarbil, and AMBER-HFpEF, Phase 2 Clinical Trial of CK-586, Expected to Begin in Q4 Plan to Advance CK-089, Fast Skeletal Muscle Troponin Activator, into First-In-Human Study in Q4 2024 ~$1.3 Billion in Cash, Cash Equivalents and Investments as of September 30, 2024 SOUTH SAN FRANCISCO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) reported a management update and financial results for the third quarter of 2024.
Source: GlobeNewsWire
Wed, 06 Nov 2024 16:00:00 -0500
Sentiment: Neutral
Cytokinetics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SOUTH SAN FRANCISCO, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that on October 31, 2024 it granted stock options to purchase an aggregate of 17,712 shares of common stock and 11,499 restricted stock units (RSUs) that will be settled into shares of common stock upon vesting to 7 employees, whose employment commenced in October 2024, as a material inducement to their employment.
Source: GlobeNewsWire
Mon, 04 Nov 2024 16:00:00 -0500
Sentiment: Neutral
Cytokinetics to Announce Third Quarter Results on November 6, 2024
SOUTH SAN FRANCISCO, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that it is scheduled to report third quarter results on November 6, 2024 at 4:00 PM Eastern Time. Following the announcement, Cytokinetics' senior management will host a conference call at 4:30 PM Eastern Time to discuss operational and financial results and the company's outlook for the future.
Source: GlobeNewsWire
Wed, 23 Oct 2024 16:00:00 -0400
Sentiment: Neutral
Instituions Institution %: 118.107
Last QTR Institution change: 18048592

Insiders
Insiders %: 0.5
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 130389
Insiders Net last QTR: -130389

Analyst Ratings
Target Price: 62.27
Overall Rating: 4.1667
Strong Buys (5): 7
Buys (4): 7
Holds (3): 4
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 110.25
52 Week Low: 30.68
Beta: 0.783
50 Day MA: 54.0976
200 Day MA: 60.752

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0
Qtr Revenue Growth YOY: 0.225
Forward PE: 0
Trailing PE: 0

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