Is Cytokinetics Stock a Good Investment?
Cytokinetics Investment Advice | CYTK |
- Examine Cytokinetics' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Cytokinetics' leadership team and their track record. Good management can help Cytokinetics navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Biotechnology space and any emerging trends that could impact Cytokinetics' business and its evolving consumer preferences.
- Compare Cytokinetics' performance and market position to its competitors. Analyze how Cytokinetics is positioned in terms of product offerings, innovation, and market share.
- Check if Cytokinetics pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Cytokinetics' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Cytokinetics stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Cytokinetics is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Cytokinetics Stock
Researching Cytokinetics' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 100.0% of the company shares are held by institutions such as insurance companies. The company recorded a loss per share of 5.38. Cytokinetics had not issued any dividends in recent years. The entity had 1:6 split on the 25th of June 2013.
To determine if Cytokinetics is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Cytokinetics' research are outlined below:
| Cytokinetics generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 7.53 M. Net Loss for the year was (526.24 M) with loss before overhead, payroll, taxes, and interest of (146.22 M). | |
| Cytokinetics currently holds about 586.03 M in cash with (414.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.22. | |
| Cytokinetics has a frail financial position based on the latest SEC disclosures | |
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 5300 shares by Malik Fady Ibraham of Cytokinetics at 7.96 subject to Rule 16b-3 |
Cytokinetics uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Cytokinetics. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Cytokinetics' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Cytokinetics' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Cytokinetics' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2015-07-29 | 2015-06-30 | -0.23 | -0.27 | -0.04 | 17 | ||
2019-08-08 | 2019-06-30 | -0.5 | -0.56 | -0.06 | 12 | ||
2018-04-26 | 2018-03-31 | -0.5 | -0.56 | -0.06 | 12 | ||
2019-05-09 | 2019-03-31 | -0.47 | -0.54 | -0.07 | 14 | ||
2015-10-29 | 2015-09-30 | -0.3 | -0.23 | 0.07 | 23 | ||
2014-05-06 | 2014-03-31 | -0.34 | -0.27 | 0.07 | 20 | ||
2021-05-06 | 2021-03-31 | -0.58 | -0.66 | -0.08 | 13 | ||
2020-03-03 | 2019-12-31 | -0.44 | -0.52 | -0.08 | 18 |
Know Cytokinetics' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Cytokinetics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cytokinetics backward and forwards among themselves. Cytokinetics' institutional investor refers to the entity that pools money to purchase Cytokinetics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | T. Rowe Price Associates, Inc. | 2024-06-30 | 2.4 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 2.2 M | Boxer Capital Llc | 2024-09-30 | 2.1 M | Vestal Point Capital Lp | 2024-06-30 | 2.1 M | Armistice Capital, Llc | 2024-09-30 | 1.9 M | Alliancebernstein L.p. | 2024-06-30 | 1.9 M | Pictet Asset Manangement Sa | 2024-06-30 | 1.8 M | Partner Fund Management Lp | 2024-09-30 | 1.8 M | Marshall Wace Asset Management Ltd | 2024-06-30 | 1.7 M | Blackrock Inc | 2024-06-30 | 14.7 M | Fmr Inc | 2024-09-30 | 12.1 M |
Cytokinetics' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.16 B.Market Cap |
|
Cytokinetics' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.64) | (0.67) | |
| Return On Capital Employed | (0.69) | (0.65) | |
| Return On Assets | (0.64) | (0.67) | |
| Return On Equity | 1.36 | 1.43 |
Determining Cytokinetics' profitability involves analyzing its financial statements and using various financial metrics to determine if Cytokinetics is a good buy. For example, gross profit margin measures Cytokinetics' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Cytokinetics' profitability and make more informed investment decisions.
Evaluate Cytokinetics' management efficiency
Cytokinetics has return on total asset (ROA) of (0.3013) % which means that it has lost $0.3013 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (5.7215) %, meaning that it created substantial loss on money invested by shareholders. Cytokinetics' management efficiency ratios could be used to measure how well Cytokinetics manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is expected to rise to 1.43 this year, although the value of Return On Tangible Assets will most likely fall to (0.67). At this time, Cytokinetics' Liabilities And Stockholders Equity is quite stable compared to the past year. Non Current Liabilities Total is expected to rise to about 1.2 B this year, although the value of Non Current Liabilities Other will most likely fall to about 338.3 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (4.00) | (4.20) | |
| Tangible Book Value Per Share | (4.00) | (4.20) | |
| Enterprise Value Over EBITDA | (19.05) | (18.10) | |
| Price Book Value Ratio | (20.86) | (19.82) | |
| Enterprise Value Multiple | (19.05) | (18.10) | |
| Price Fair Value | (20.86) | (19.82) | |
| Enterprise Value | 318.6 M | 334.5 M |
Understanding the operational decisions made by Cytokinetics management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 0.783 |
Basic technical analysis of Cytokinetics Stock
As of the 28th of November, Cytokinetics shows the Risk Adjusted Performance of (0.01), mean deviation of 1.93, and Standard Deviation of 2.53. Cytokinetics technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Cytokinetics' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Cytokinetics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Cytokinetics' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Cytokinetics insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Cytokinetics' Outstanding Corporate Bonds
Cytokinetics issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Cytokinetics uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Cytokinetics bonds can be classified according to their maturity, which is the date when Cytokinetics has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Cytokinetics' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Cytokinetics' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.93 | |||
| Coefficient Of Variation | (3,613) | |||
| Standard Deviation | 2.53 | |||
| Variance | 6.41 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 14.08 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 3.52 | |||
| Skewness | (0.20) | |||
| Kurtosis | 0.8202 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.93 | |||
| Coefficient Of Variation | (3,613) | |||
| Standard Deviation | 2.53 | |||
| Variance | 6.41 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 14.08 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 3.52 | |||
| Skewness | (0.20) | |||
| Kurtosis | 0.8202 |
Consider Cytokinetics' intraday indicators
Cytokinetics intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Cytokinetics stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Cytokinetics Corporate Filings
F4 | 26th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 19th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
Cytokinetics Stock media impact
Far too much social signal, news, headlines, and media speculation about Cytokinetics that are available to investors today. That information is available publicly through Cytokinetics media outlets and privately through word of mouth or via Cytokinetics internal channels. However, regardless of the origin, that massive amount of Cytokinetics data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Cytokinetics news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Cytokinetics relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Cytokinetics' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Cytokinetics alpha.
Cytokinetics Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Cytokinetics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Cytokinetics Historical Investor Sentiment
Investor biases related to Cytokinetics' public news can be used to forecast risks associated with an investment in Cytokinetics. The trend in average sentiment can be used to explain how an investor holding Cytokinetics can time the market purely based on public headlines and social activities around Cytokinetics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cytokinetics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cytokinetics and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Cytokinetics news discussions. The higher the estimate score, the more favorable the investor's outlook on Cytokinetics.
Cytokinetics Corporate Management
| John Esq | Associate VP | Profile | |
| Andrew Callos | Executive Officer | Profile | |
| Jeff Lotz | Vice Operations | Profile | |
| Steven Cook | Senior Operations | Profile | |
| Scott Jordan | Senior Strategy | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cytokinetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Cytokinetics Stock please use our How to buy in Cytokinetics Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cytokinetics. If investors know Cytokinetics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cytokinetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.38) | Revenue Per Share 0.03 | Quarterly Revenue Growth 0.225 | Return On Assets (0.30) | Return On Equity (5.72) |
The market value of Cytokinetics is measured differently than its book value, which is the value of Cytokinetics that is recorded on the company's balance sheet. Investors also form their own opinion of Cytokinetics' value that differs from its market value or its book value, called intrinsic value, which is Cytokinetics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cytokinetics' market value can be influenced by many factors that don't directly affect Cytokinetics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Cytokinetics' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Cytokinetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cytokinetics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.