Look For Institutional Buying In Kala Bio Inc. (NASDAQ: KALA)

Kala Bio Inc. (KALA) concluded trading on Thursday at a closing price of $6.45, with 11.59 million shares of worth about $74.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.24% during that period and on June 27, 2024 the price saw a gain of about 40.22%. Currently the company’s common shares owned by public are about 2.76M shares, out of which, 2.33M shares are available for trading.

Stock saw a price change of 19.44% in past 5 days and over the past one month there was a price change of 0.00%. Year-to-date (YTD), KALA shares are showing a performance of -7.86% which decreased to -59.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.21 but also hit the highest price of $16.32 during that period. The average intraday trading volume for Kala Bio Inc. shares is 19.48K. The stock is currently trading 8.13% above its 20-day simple moving average (SMA20), while that difference is up 0.83% for SMA50 and it goes to -11.38% lower than SMA200.

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Kala Bio Inc. (NASDAQ: KALA) currently have 2.76M outstanding shares and institutions hold larger chunk of about 21.90% of that.

The stock has a current market capitalization of $18.19M and its 3Y-monthly beta is at -2.10. It has posted earnings per share of -$15.15 in the same period. It has Quick Ratio of 4.22 while making debt-to-equity ratio of 5.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KALA, volatility over the week remained 12.76% while standing at 8.23% over the month.

Stock’s fiscal year EPS is expected to rise by 16.48% while it is estimated to increase by 47.76% in next year. EPS is likely to grow at an annualized rate of 40.90% for next 5-years, compared to annual growth of 32.60% made by the stock over the past 5-years.

Stock get an Outperform rating from Oppenheimer on June 01, 2020.

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