Kymera Therapeutics Inc (NASDAQ:KYMR) price on current trading day, rose 5.88% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $46.67.
A look at the stock’s price movement, the close in the last trading session was $44.08, moving within a range at $44.02 and $47.42. The beta value (5-Year monthly) was 2.219. Turning to its 52-week performance, $53.27 and $20.76 were the 52-week high and 52-week low respectively. Overall, KYMR moved -5.68% over the past month.
Kymera Therapeutics Inc’s market cap currently stands at around $3.02 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 15.21M for the company’s revenue for the quarter, with a low and high estimate of 2M and 65.7M respectively. The average forecast suggests down to a -68.23% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 54.17M, representing a -31.08% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KYMR is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 5 recommend KYMR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KYMR’s current price about 0.88% and 0.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.99, while 7-day volatility ratio is 5.20% and 5.14% in the 30-day chart. Further, Kymera Therapeutics Inc (KYMR) has a beta value of 2.17, and an average true range (ATR) of 2.41. Analysts have given the company’s stock an average 52-week price target of $57, forecast between a low of $55 and high of $65. Looking at the price targets, the low is -17.85% off current price level while to achieve the yearly target high, price needs to move -39.28%. Nonetheless, investors will most likely welcome a -22.13% jump to $57 which is the analysts’ median price.
If we refocus on Kymera Therapeutics Inc (NASDAQ:KYMR), historical trading data shows that trading volumes averaged 0.48 over the past 10 days and 425.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 64.75 million shares.
The 15.30% of Kymera Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 93.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.12 million on 2024-11-15, giving us a short ratio of 22.84. The data shows that as of 2024-11-15 short interest in Kymera Therapeutics Inc (KYMR) stood at 1573.0 of shares outstanding, with shares short rising to 9.07 million registered in 2024-10-15. Current price change has pushed the stock 83.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KYMR stock continues to rise going into the next quarter.
