Chinook Therapeutics (NASDAQ:KDNY) issued its quarterly earnings results on Tuesday. The company reported ($1.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.82), MarketWatch Earnings reports. Chinook Therapeutics had a negative net margin of 215.80% and a negative return on equity of 112.72%.
Shares of NASDAQ:KDNY opened at $14.75 on Thursday. The stock’s fifty day moving average is $16.88. Chinook Therapeutics has a 12 month low of $10.50 and a 12 month high of $21.68. The firm has a market cap of $621.83 million, a price-to-earnings ratio of -4.10 and a beta of 0.26.
Several equities analysts have commented on KDNY shares. Cantor Fitzgerald started coverage on shares of Chinook Therapeutics in a research report on Wednesday, December 9th. They issued an “overweight” rating and a $31.00 price target for the company. Bloom Burton restated a “buy” rating on shares of Chinook Therapeutics in a report on Monday, March 22nd. Wedbush initiated coverage on shares of Chinook Therapeutics in a report on Wednesday, January 6th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Chinook Therapeutics from a “sell” rating to a “hold” rating in a report on Monday, January 11th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.29.
Chinook Therapeutics, Inc, a clinical-stage biotechnology company, focuses on the discovery, development, and commercialization of precision medicines for kidney diseases. The company's lead clinical program is atrasentan, an investigational Phase III ready endothelin receptor antagonist for the treatment of IgA nephropathy and other primary glomerular diseases.
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