Kodiak Sciences Stock Beta
| KOD Stock | USD 6.43 0.24 3.88% |
Kodiak Sciences fundamentals help investors to digest information that contributes to Kodiak Sciences' financial success or failures. It also enables traders to predict the movement of Kodiak Stock. The fundamental analysis module provides a way to measure Kodiak Sciences' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Kodiak Sciences stock.
Kodiak | Beta |
Kodiak Sciences Company Beta Analysis
Kodiak Sciences' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Kodiak Sciences Beta | 2.25 |
Most of Kodiak Sciences' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Kodiak Sciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Kodiak Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Kodiak Sciences is extremely important. It helps to project a fair market value of Kodiak Stock properly, considering its historical fundamentals such as Beta. Since Kodiak Sciences' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Kodiak Sciences' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Kodiak Sciences' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Kodiak Sciences has a Beta of 2.251. This is 161.74% higher than that of the Biotechnology sector and 61.94% higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Kodiak Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kodiak Sciences' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Kodiak Sciences could also be used in its relative valuation, which is a method of valuing Kodiak Sciences by comparing valuation metrics of similar companies.Kodiak Sciences is currently under evaluation in beta category among its peers.
Kodiak Sciences Current Valuation Drivers
We derive many important indicators used in calculating different scores of Kodiak Sciences from analyzing Kodiak Sciences' financial statements. These drivers represent accounts that assess Kodiak Sciences' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Kodiak Sciences' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.7B | 6.7B | 4.4B | 374.1M | 336.7M | 319.9M | |
| Enterprise Value | 2.5B | 5.9B | 3.7B | 271.4M | 244.3M | 232.1M |
Kodiak Sciences ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Kodiak Sciences' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Kodiak Sciences' managers, analysts, and investors.Environmental | Governance | Social |
Kodiak Sciences Institutional Holders
Institutional Holdings refers to the ownership stake in Kodiak Sciences that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Kodiak Sciences' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Kodiak Sciences' value.| Shares | Board Of Ttees Leland Stanford Jr Univ | 2024-09-30 | 691.8 K | Renaissance Technologies Corp | 2024-09-30 | 607.8 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 580.8 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 495.2 K | Hudson Bay Capital Management Lp | 2024-09-30 | 493.5 K | Ikarian Capital, Llc | 2024-09-30 | 476.6 K | Bruce & Co Inc | 2024-09-30 | 423 K | Goldman Sachs Group Inc | 2024-06-30 | 318.2 K | Two Sigma Advisers, Llc | 2024-06-30 | 300.4 K | Baker Bros Advisors Lp | 2024-09-30 | 17.3 M | Blackrock Inc | 2024-06-30 | 3.8 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kodiak Sciences will likely underperform.
Kodiak Fundamentals
| Return On Equity | -0.71 | ||||
| Return On Asset | -0.27 | ||||
| Current Valuation | 201.31 M | ||||
| Shares Outstanding | 52.62 M | ||||
| Shares Owned By Insiders | 5.65 % | ||||
| Shares Owned By Institutions | 77.79 % | ||||
| Number Of Shares Shorted | 1.3 M | ||||
| Price To Earning | (2.29) X | ||||
| Price To Book | 1.76 X | ||||
| EBITDA | (259.02 M) | ||||
| Net Income | (260.49 M) | ||||
| Cash And Equivalents | 597.88 M | ||||
| Cash Per Share | 11.55 X | ||||
| Total Debt | 81.63 M | ||||
| Debt To Equity | 0.16 % | ||||
| Current Ratio | 8.65 X | ||||
| Book Value Per Share | 5.08 X | ||||
| Cash Flow From Operations | (154.18 M) | ||||
| Short Ratio | 5.19 X | ||||
| Earnings Per Share | (3.64) X | ||||
| Price To Earnings To Growth | (0.08) X | ||||
| Target Price | 4.33 | ||||
| Number Of Employees | 111 | ||||
| Beta | 2.25 | ||||
| Market Capitalization | 325.74 M | ||||
| Total Asset | 479.37 M | ||||
| Retained Earnings | (1.15 B) | ||||
| Working Capital | 247.58 M | ||||
| Current Asset | 7.31 M | ||||
| Current Liabilities | 4.89 M | ||||
| Net Asset | 479.37 M |
About Kodiak Sciences Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kodiak Sciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kodiak Sciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kodiak Sciences based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Kodiak Sciences is a strong investment it is important to analyze Kodiak Sciences' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Kodiak Sciences' future performance. For an informed investment choice regarding Kodiak Stock, refer to the following important reports:Check out Kodiak Sciences Piotroski F Score and Kodiak Sciences Altman Z Score analysis. For information on how to trade Kodiak Stock refer to our How to Trade Kodiak Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model 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 Kodiak Sciences. If investors know Kodiak 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 Kodiak Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.64) | Return On Assets (0.27) | Return On Equity (0.71) |
The market value of Kodiak Sciences is measured differently than its book value, which is the value of Kodiak that is recorded on the company's balance sheet. Investors also form their own opinion of Kodiak Sciences' value that differs from its market value or its book value, called intrinsic value, which is Kodiak Sciences' 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 Kodiak Sciences' market value can be influenced by many factors that don't directly affect Kodiak Sciences' 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 Kodiak Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kodiak Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kodiak Sciences' 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.