Kura Oncology, Inc. (NASDAQ:KURA) is one of the stocks that are taking the center stage today as the company shares are trading 3.77% or 0.57 points higher from last closing price of $15.12, reaching $15.69 at last check. So what’s going on with KURA shares anyway? The price is gaining for the second day in a row and has risen in 4 of the last 5 days and is down -3.26% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 216,752 shares, and in total 338352 shares valued at $5.309 million were seen changing hands compared with 121600 shares valued at $1.839 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the KURA stock.
Kura Oncology, Inc. (KURA) shares have notched a 3-month decline of about -3.26%, but has still advanced 7.69% year to date. By comparison, the stock added 29.01% over the past 12 months, while it jumped 2.65% over the 1 month. The company’s market cap is around $689.77M, with its short interest ratio standing at 9.67%.
In the current trading session for KURA, the stock witnessed two major price actions, it rose to a high of $15.87 and was down as much as $15.21 at one point. The high recorded is very low when compared to their 52-week high which is $11.01. The 52-week high is now at -26.75 distance from current price. Their recent low of $21.42 represents a 42.51% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for KURA is $27.5, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
KURA‘s last price was down -4.28% as compared to the average trading price of 50 days recorded at $16.39 while enlarging the period to 200 trading days, the average closing price was $15.03. At present, there are 45.62 million in the total number of common shares owned by the public and among those 38.24 million shares have been available to trade. The percentage of shares being held by the company management was 0.8% while institutions stake was 88.7%. The company has generated negative returns on equity over the last 12 months (-31%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the KURA stock, there is another set of technicals that should be looked into and considered. Its 4.36% gain from moving average of $15.03 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.55 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Kura Oncology, Inc. — 9 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $27.25 on shares of Kura Oncology, Inc. (NASDAQ:KURA), which corresponds to 73.79% upside potential than its current market price of $15.69 and implies potential despite the recent advance in the price. However, their current target price has fallen from $27.25 a month ago and is down handily from the consensus target of $28 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 19.93%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded a drop of 0%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards KURA stock. Tower Research Capital LLC TRC trimmed position in the company after it dumped -47.6% or 5,666 shares of its common stock. The hedge fund now owns 2,969 shares worth $46,584, SEC documents show. Eagle Asset Management Inc. shored up assets in the stock as 2043058 shares have been purchased, increasing its stake by 1.6% to 2,075,747 shares which are currently valued at $32,568,470. In addition, Alps Advisors Inc. recently reported that it now owns 90,112 shares making a total of $1,413,857 based on the recent price. This refelects a change of 12.7% in their ownership.