KalVista Pharmaceuticals Inc (NASDAQ: KALV): Stock No Longer In Decline?

The trading price of KalVista Pharmaceuticals Inc (NASDAQ:KALV) closed lower on Tuesday, April 02, closing at $11.04, -3.16% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $16.88 and a 52-week low of $7.21. Over the past month, the stock has lost -21.92% in value.

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KalVista Pharmaceuticals Inc, whose market valuation is $465.78 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.71 per share this quarter, however they have predicted annual earnings per share of -$3.03 for 2024 and -$2.44 for 2025. It means analysts are expecting annual earnings per share growth of 9.00% this year and 19.50% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of KalVista Pharmaceuticals Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest KALV has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that KALV’s price is currently -11.62% off the SMA20 and -18.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 36.83, and weekly volatility stands at 7.30%. When measured over the past 30 days, the indicator reaches 6.09%. KalVista Pharmaceuticals Inc (NASDAQ:KALV)’s beta value is currently sitting at 0.92, while the Average True Range indicator is currently displaying 0.80.

To see how KalVista Pharmaceuticals Inc stock has been performing in comparison to its peers in the industry, here are the numbers: KALV stock’s performance was -3.16% in the latest trading, and 46.61% in the past year.

An evaluation of the daily trading volume of KalVista Pharmaceuticals Inc (NASDAQ:KALV) indicates that the 3-month average is 815.49K. However, this figure has increased over the past 10 days to an average of 0.72 million.

Currently, records show that 34.17 million of the company’s shares remain outstanding. The insiders hold 34.70% of outstanding shares, whereas institutions hold 60.41%. The stats also highlight that short interest as of Mar 15, 2024, stood at 4.92 million shares, resulting in a short ratio of 4.25 at that time. From this, we can conclude that short interest is 11.66% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 2.99 million. However, since the stock’s price has seen -9.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.