Kala Pharmaceuticals Inc. (KALA) Stock’s Detailed Analysis

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Kala Pharmaceuticals Inc. (NASDAQ:KALA) has a beta value of 0.33 and has seen 1.31 million shares traded in the last trading session. The company, currently valued at $149.74M, closed the last trade at $2.23 per share which meant it gained $0.16 on the day or 7.73% during that session. The KALA stock price is -347.09% off its 52-week high price of $9.97 and 24.22% above the 52-week low of $1.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.34 million shares traded. The 3-month trading volume is 1.34 million shares.

The consensus among analysts is that Kala Pharmaceuticals Inc. (KALA) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.42.

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Sporting 7.73% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 11/08/21 when the KALA stock price touched $2.23 or saw a rise of 2.62%. Year-to-date, Kala Pharmaceuticals Inc. shares have moved -67.11%, while the 5-day performance has seen it change 22.53%. Over the past 30 days, the shares of Kala Pharmaceuticals Inc. (NASDAQ:KALA) have changed -4.29%. Short interest in the company has seen 8.92 million shares shorted with days to cover at 4.88.

Wall Street analysts have a consensus price target for the stock at $16.60, which means that the shares’ value could jump 86.57% from current levels. The projected low price target is $4.00 while the price target rests at a high of $43.00. In that case, then, we find that the current price level is -1828.25% off the targeted high while a plunge would see the stock gain -79.37% from current levels.

Kala Pharmaceuticals Inc. (KALA) estimates and forecasts

The company’s shares have lost -59.53% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 214.10%.

5 analysts offering their estimates for the company have set an average revenue estimate of $5.31 million for the current quarter. 5 have an estimated revenue figure of $8.52 million for the next quarter concluding in Dec 2021. Year-ago sales stood $2.01 million and $2.24 million respectively for this quarter and the next, and analysts expect sales will grow by 164.20% for the current quarter and 280.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.70% over the past 5 years. Earnings growth for 2021 is a modest 27.80% while over the next 5 years, the company’s earnings are expected to increase by 40.90%.

KALA Dividends

Kala Pharmaceuticals Inc. is expected to release its next earnings report on May 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Kala Pharmaceuticals Inc. (NASDAQ:KALA)’s Major holders

Insiders own 0.32% of the company shares, while shares held by institutions stand at 59.88% with a share float percentage of 60.07%. Investors are also buoyed by the number of investors in a company, with Kala Pharmaceuticals Inc. having a total of 166 institutions that hold shares in the company. The top two institutional holders are RA Capital Management, L.P. with over 10.87 million shares worth more than $57.64 million. As of Jun 29, 2021, RA Capital Management, L.P. held 16.74% of shares outstanding.

The other major institutional holder is Orbimed Advisors LLC., with the holding of over 5.47 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $28.96 million and represent 8.41% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Mutual Fund Ser Tr-Eventide Healthcare & Life Sciences Fund and Vanguard Total Stock Market Index Fund. As of Mar 30, 2021, the former fund manager holds about 5.31% shares in the company for having 3.45 million shares of worth $23.25 million while later fund manager owns 1.17 million shares of worth $7.88 million as of Mar 30, 2021, which makes it owner of about 1.80% of company’s outstanding stock.