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The closing price of Korro Bio Inc (NASDAQ: KRRO) was $37.62 for the day, down -1.95% from the previous closing price of $38.37. In other words, the price has decreased by -$1.95 from its previous closing price. On the day, 68126.0 shares were traded. KRRO stock price reached its highest trading level at $39.555 during the session, while it also had its lowest trading level at $35.97.
Ratios:
Our analysis of KRRO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 11.23 and its Current Ratio is at 11.23. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.23.
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, Raymond James on October 21, 2024, initiated with a Strong Buy rating and assigned the stock a target price of $153.
On August 14, 2024, William Blair started tracking the stock assigning a Outperform rating and target price of $180.
H.C. Wainwright reiterated its Buy rating for the stock on March 28, 2024, while the target price for the stock was revised from $100 to $115.
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 Nov 11 ’24 when Agarwal Vineet sold 800 shares for $70.00 per share. The transaction valued at 56,000 led to the insider holds 0 shares of the business.
Agarwal Vineet bought 800 shares of KRRO for $56,000 on Nov 11 ’24. On Oct 17 ’24, another insider, Agarwal Vineet, who serves as the Chief Financial Officer of the company, sold 10,216 shares for $78.26 each. As a result, the insider received 799,527 and left with 0 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, KRRO now has a Market Capitalization of 352433920 and an Enterprise Value of 255344560.
Stock Price History:
Over the past 52 weeks, KRRO has reached a high of $98.00, while it has fallen to a 52-week low of $30.00. The 50-Day Moving Average of the stock is -25.10%, while the 200-Day Moving Average is calculated to be -24.78%.
Shares Statistics:
KRRO traded an average of 142.50K shares per day over the past three months and 77820 shares per day over the past ten days. A total of 9.32M shares are outstanding, with a floating share count of 5.57M. Insiders hold about 40.57% of the company’s shares, while institutions hold 59.07% stake in the company. Shares short for KRRO as of 1734048000 were 435450 with a Short Ratio of 3.06, compared to 1731628800 on 244854. Therefore, it implies a Short% of Shares Outstanding of 435450 and a Short% of Float of 6.12.
