Cytokinetics Stock Price on May 8, 2024

CYTK Stock  USD 50.55  0.05  0.1%   
Below is the normalized historical share price chart for Cytokinetics extending back to April 29, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cytokinetics stands at 50.55, as last reported on the 11th of December 2024, with the highest price reaching 50.55 and the lowest price hitting 50.50 during the day.
IPO Date
29th of April 2004
200 Day MA
58.0762
50 Day MA
53.0032
Beta
0.783
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Cytokinetics Stock, it is important to understand the factors that can impact its price. Cytokinetics secures Sharpe Ratio (or Efficiency) of -0.0319, which signifies that the company had a -0.0319% return per unit of risk over the last 3 months. Cytokinetics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cytokinetics' Mean Deviation of 1.79, standard deviation of 2.4, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
  
At this time, Cytokinetics' Stock Based Compensation To Revenue is quite stable compared to the past year. . At this time, Cytokinetics' Price To Sales Ratio is quite stable compared to the past year. Price Sales Ratio is expected to rise to 1,124 this year, although the value of Price Earnings Ratio is projected to rise to (14.55). Cytokinetics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0319

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Negative ReturnsCYTK

Estimated Market Risk

 2.43
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Cytokinetics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cytokinetics by adding Cytokinetics to a well-diversified portfolio.
Price Book
60.3093
Enterprise Value Ebitda
(15.82)
Price Sales
1.9 K
Shares Float
117.4 M
Wall Street Target Price
80.5625

Related Headline

Blueprint Medicines Headline on 8th of May 2024

Filed transaction by Blueprint Medicines Corp Officer: Chief Financial Officer. Grant, award or other acquisition pursuant to Rule 16b-3(d)

Cytokinetics Valuation on May 8, 2024

It is possible to determine the worth of Cytokinetics on a given historical date. On May 8, 2024 Cytokinetics was worth 65.0 at the beginning of the trading date compared to the closed value of 65.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cytokinetics stock. Still, in general, we apply an absolute valuation method to find Cytokinetics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cytokinetics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cytokinetics' related companies.
 Open High Low Close Volume
  65.74    66.52    64.53    65.28    849,388  
05/08/2024
  65.00    66.25    64.52    65.27    1,174,612  
  68.21    68.44    61.75    64.02    2,404,751  
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Open Value
65.0
65.27
Closing Value
72.29
Upside

Cytokinetics Trading Date Momentum on May 8, 2024

On May 09 2024 Cytokinetics was traded for  64.02  at the closing time. The top price for the day was 68.44  and the lowest listed price was  61.75 . The trading volume for the day was 2.4 M. The trading history from May 9, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.92% . The overall trading delta against the current closing price is 8.70% .

Cytokinetics Fundamentals Correlations and Trends

By evaluating Cytokinetics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cytokinetics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cytokinetics financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cytokinetics Stock history

Cytokinetics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cytokinetics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cytokinetics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cytokinetics stock prices may prove useful in developing a viable investing in Cytokinetics
Last ReportedProjected for Next Year
Common Stock Shares Outstanding96.5 M101.4 M
Net Loss-350.1 M-332.6 M

Cytokinetics Quarterly Net Working Capital

908.79 Million

Cytokinetics Stock Technical Analysis

Cytokinetics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cytokinetics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cytokinetics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cytokinetics Period Price Range

Low
December 11, 2024
0.00  NaN%
High

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Cytokinetics cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Cytokinetics December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Cytokinetics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cytokinetics shares will generate the highest return on investment. By undertsting and applying Cytokinetics stock market strength indicators, traders can identify Cytokinetics entry and exit signals to maximize returns

Cytokinetics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cytokinetics' price direction in advance. Along with the technical and fundamental analysis of Cytokinetics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cytokinetics to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Cytokinetics is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Cytokinetics Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cytokinetics Stock. Highlighted below are key reports to facilitate an investment decision about Cytokinetics Stock:
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.
Please note, there is a significant difference between Cytokinetics' value and its price as these two are different measures arrived at by different 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.