Q3 2023 EPS Estimates for Kinnate Biopharma Inc. Lowered by William Blair

KNTEDelisted Stock  USD 2.96  0.27  8.36%   
About 61% of Kinnate Biopharma's investor base is looking to short. The analysis of current outlook of investing in Kinnate Biopharma suggests that many traders are alarmed regarding Kinnate Biopharma's prospects. The current market sentiment, together with Kinnate Biopharma's historical and current headlines, can help investors time the market. In addition, many technical investors use Kinnate Biopharma stock news signals to limit their universe of possible portfolio assets.
  
Kinnate Biopharma Inc. Analysts at William Blair cut their Q3 2023 EPS estimates for Kinnate Biopharma in a research report issued on Tuesday, September 19th. William Blair analyst T. Lugo now anticipates that the company will post earnings of per share for the quarter, down from their prior estimate

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Kinnate Biopharma Fundamental Analysis

We analyze Kinnate Biopharma's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kinnate Biopharma using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kinnate Biopharma 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.

Cash And Equivalents

Cash And Equivalents Comparative Analysis

Kinnate Biopharma is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Kinnate Biopharma Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kinnate Biopharma stock to make a market-neutral strategy. Peer analysis of Kinnate Biopharma could also be used in its relative valuation, which is a method of valuing Kinnate Biopharma by comparing valuation metrics with similar companies.

Peers

Kinnate Biopharma Related Equities

IPSCCentury Therapeutics   20.74   
0%
100.0%
KRONKronos Bio   10.34   
0%
49.0%
SRZNSurrozen   8.96   
0%
43.0%
WINTWindtree Therapeutics   8.93   
0%
43.0%
CCCCC4 Therapeutics   8.59   
0%
41.0%
LRMRLarimar Therapeutics   7.44   
0%
35.0%
GLUEMonte Rosa   5.93   
0%
28.0%
ERASErasca   5.04   
0%
24.0%
BOLTBolt Biotherapeutics   5.00   
0%
24.0%
KROSKeros Therapeutics   2.02   
0%
9.0%
STOKStoke Therapeutics   1.19   
0%
5.0%
PALIPalisade Bio   0.83   
0%
4.0%
EWTXEdgewise Therapeutics   0.37   
0%
1.0%
KZRKezar Life   0.40   
1.0%
0%
GBIOGeneration Bio   0.69   
3.0%
0%
SLRNACELYRIN, INC   1.51   
7.0%
0%
DSGNDesign Therapeutics   2.93   
14.0%
0%
PASGPassage Bio   10.67   
51.0%
0%
Check out Correlation Analysis to better understand how to build diversified portfolios. 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.
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Other Consideration for investing in Kinnate Stock

If you are still planning to invest in Kinnate Biopharma check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Kinnate Biopharma's history and understand the potential risks before investing.
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