Karyopharm Therapeutics Inc (NASDAQ:KPTI) shares, rose in value, with the stock price up by 17.81% to the previous day’s close as strong demand from buyers drove the stock to $0.99.
Actively observing the price movement in the last trading, the stock closed the session at $0.84, falling within a range of $0.8701 and $1.13. The value of beta (5-year monthly) was 0.196. Referring to stock’s 52-week performance, its high was $1.95, and the low was $0.62. On the whole, KPTI has fluctuated by 11.98% over the past month.
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With the market capitalization of Karyopharm Therapeutics Inc currently standing at about $123.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 152.35M, with a low estimate of 34.2M and a high estimate of 40.58M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 37.96M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KPTI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of KPTI currently trading nearly 15.12% and 23.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.16, while the 7-day volatility ratio is showing 10.59% which for the 30-day chart, stands at 6.78%. Furthermore, Karyopharm Therapeutics Inc (KPTI)’s beta value is 0.18, and its average true range (ATR) is 0.07.
A comparison of Karyopharm Therapeutics Inc (KPTI) with its peers suggests the former has fared considerably weaker in the market. KPTI showed an intraday change of 17.81% in last session, and over the past year, it grew by 13.77%%.
Data on historical trading for Karyopharm Therapeutics Inc (NASDAQ:KPTI) indicates that the trading volumes over the past 10 days have averaged 1.11 and over the past 3 months, they’ve averaged 601.89K. According to company’s latest data on outstanding shares, there are 114.92 million shares outstanding.
Nearly 8.52% of Karyopharm Therapeutics Inc’s shares belong to company insiders and institutional investors own 55.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.61 million shares as on 2024-10-15, resulting in a short ratio of 21.23. According to the data, the short interest in Karyopharm Therapeutics Inc (KPTI) stood at 1441.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 17.93 million. The stock has risen by 14.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KPTI stock heading into the next quarter.
