In Thursday’s session, Kura Oncology Inc. (NASDAQ:KURA) marked $15.08 per share, down from $15.08 in the previous session. While Kura Oncology Inc. has underperformed by 0.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KURA fell by -14.32%, with highs and lows ranging from $21.19 to $10.41, whereas the simple moving average jumped by 0.11% in the last 200 days.
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On July 12, 2022, Cantor Fitzgerald started tracking Kura Oncology Inc. (NASDAQ: KURA) recommending Overweight. A report published by Jefferies on February 15, 2022, Initiated its previous ‘Buy’ rating for KURA. Credit Suisse also rated KURA shares as ‘Outperform’, setting a target price of $42 on the company’s shares in an initiating report dated May 05, 2021. Credit Suisse Initiated an Outperform rating on April 26, 2021, and assigned a price target of $42. H.C. Wainwright resumed its ‘Buy’ rating for KURA, as published in its report on December 07, 2020. Stifel’s report from December 03, 2020 suggests a price prediction of $45 for KURA shares, giving the stock a ‘Buy’ rating. Piper Sandler also rated the stock as ‘Neutral’.
Analysis of Kura Oncology Inc. (KURA)
Kura Oncology Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -25.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 27.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and KURA has an average volume of 780.70K. On a monthly basis, the volatility of the stock is set at 6.16%, whereas on a weekly basis, it is put at 5.43%, with a loss of -4.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.44, showing growth from the present price of $15.08, which can serve as yet another indication of whether KURA is worth investing in or should be passed over.
How Do You Analyze Kura Oncology Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.78%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in KURA shares?
The recent increase in stakes in KURA appears to be a result of several institutional investors and hedge funds increasing their positions. Ecor1 Capital LLC’s position in KURA has increased by 78.24% in the first quarter. The company now owns 6,638,371 shares of the stock, with a value of $121.68 million, following the purchase of 2,913,934 additional shares during the last quarter. Avoro Capital Advisor LLC made another increased to its shares in KURA during the first quarter, upping its stake by 20.00%. During the last quarter, the company picked up 800,000 additional shares for a total stake of worth $87.98 million, bringing number of shares owned by the company to 4,800,000.
During the first quarter, Deerfield Management Company LP added a 902,605 position in KURA. BlackRock Fund Advisors sold an additional -0.14 million shares in the last quarter, decreasing its holdings by -3.18%, now holding 4.38 million shares worth $80.23 million. At the end of the first quarter, Suvretta Capital Management LLC increased its KURA holdings by 8.97% and now holds 3.89 million KURA shares valued at $71.36 million with the added 0.32 million shares during the period. KURA shares are owned by institutional investors to the tune of 95.37% at present.