Getting Ready for the Bounce: Korro Bio Inc. (KRRO) Stock

H.C. Wainwright raised the price target for the Korro Bio Inc. (NASDAQ:KRRO) stock to “a Buy”. The rating was released on Mar-29-24, according to finviz. The research report from H.C. Wainwright has initiated the stock to Buy, with a price target set at $100. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on November 29, 2023, to Outperform and set the price objective to $70. In their research brief published November 10, 2023, Piper Sandler analysts initiated the Korro Bio Inc. stock to Overweight with a price target of $180.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$25.65 during the last quarter as opposed to a consensus estimate of -$2.36, which indicates the company missed its estimate by -$23.29, which implies that the company surprised the market by -986.90%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is -$2.32. This is an average of 3 analysts’ earnings, where the high earnings per share estimate is -$2.19 and the low earnings per share estimate is -$2.53.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 38.46% within the last five trades and 91.69% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 834.34% in the last 6 months and 78.25% was added to its value over the previous 3 months. KRRO stock is trading at a margin of 49.13%, 63.19% and 196.22% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, KRRO deals in the Healthcare domain. The stock is trading -8.08 percent below its 52-week high and 1867.21 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -21.59. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Korro Bio Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 0.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $720.90 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 4.25, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 41.55 percent of Korro Bio Inc. shares are owned by insiders, and 49.98 percent are held by financial institutions. Lucchino David L., the Director at Korro Bio Inc. (KRRO) has sold 1,156 shares of firm on Nov 22 ’23 at a price of $37.69 against the total amount of $43573.0. In another inside trade, Lucchino David L., Director of Korro Bio Inc. (NASDAQ:KRRO) sold 968 shares of the firm on Nov 10 ’23 for a total worth of $40632.0 at a price of $41.97. An inside trade which took place on Aug 18 ’23, President and CEO of Korro Bio Inc. Lucchino David L. sold 2,865 shares of firm against total price of $1719.0 at the cost of $0.60 per share.

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