In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Kura Oncology Inc (NASDAQ: KURA) was $21.01 for the day, up 1.84% from the previous closing price of $20.63. In other words, the price has increased by $1.84 from its previous closing price. On the day, 0.77 million shares were traded. KURA stock price reached its highest trading level at $21.26 during the session, while it also had its lowest trading level at $20.7.
Ratios:
Our analysis of KURA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 16.67 and its Current Ratio is at 16.67. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on December 22, 2023, initiated with a Buy rating and assigned the stock a target price of $26.
On August 11, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $31.
On July 27, 2023, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $10.50.Scotiabank initiated its Sector Perform rating on July 27, 2023, with a $10.50 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 30 ’24 when DALE STEPHEN sold 4,825 shares for $21.55 per share. The transaction valued at 103,980 led to the insider holds 38,817 shares of the business.
DALE STEPHEN sold 7,158 shares of KURA for $127,416 on Jan 29 ’24. The Chief Medical Officer now owns 43,642 shares after completing the transaction at $17.80 per share. On Jan 29 ’24, another insider, DOYLE THOMAS JAMES, who serves as the SVP, Finance & Accounting of the company, sold 2,318 shares for $17.80 each. As a result, the insider received 41,262 and left with 48,093 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KURA now has a Market Capitalization of 1600554368 and an Enterprise Value of 1192880640.
Stock Price History:
Over the past 52 weeks, KURA has reached a high of $24.17, while it has fallen to a 52-week low of $7.41. The 50-Day Moving Average of the stock is 1.81%, while the 200-Day Moving Average is calculated to be 49.41%.
Shares Statistics:
KURA traded an average of 916.15K shares per day over the past three months and 844710 shares per day over the past ten days. A total of 74.35M shares are outstanding, with a floating share count of 69.01M. Insiders hold about 9.41% of the company’s shares, while institutions hold 93.81% stake in the company. Shares short for KURA as of 1713139200 were 10118363 with a Short Ratio of 11.04, compared to 1710460800 on 10303199. Therefore, it implies a Short% of Shares Outstanding of 10118363 and a Short% of Float of 13.420000000000002.
