On Wednesday, Kura Oncology Inc. [NASDAQ:KURA] has a current price of $33.56, coming out to a daily percentage change of 7.77% with a 52-week range of $6.35 – $32.00.
Other data for the company is as follows:
- Stochastic %K of 87.03
- Weighted Alpha of 161.5
Analysts have the price target for Kura Oncology Inc. [KURA] at 26.25. Daily swings are between $31.46 and $34.00.
The Price is right
Holding a Market Cap of $1.93 billion, Kura Oncology Inc. has seen a trading range over the last year of $6.35-$32.00.
For the last five days, KURA is up from its last closing price. The average shares trading hands each day is 592.60K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for KURA. When we apply the Elder Force Index to Kura Oncology Inc., we are seeing an Elder Force Indicator number of 2829526.92.
In the last quarter, KURA made a profit of 0.14 million.
Looking at popular technical indicators, the company’s 5-day moving average is 31.27 compared to the 50-day moving average of 6.88%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. KURA currently holds a 9-day RSI of 82.05%, while 100-day RSI stands at 64.35%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. KURA’s 9-day MACD is 1.04 and the company’s 100-day MACD stands at 10.92.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 13.02% by insiders and 73.71% by institutions. Regarding institutional holdings, FMR, LLC owns 14.36%, while the second top holder, EcoR1 Capital, LLC, currently owns 8.19%.
Over the last six months, insiders have sold 6,250 with the most recent transaction from FORD KATHLEEN, Chief Operating Officer, with a sell at price 29.43 per share.
Overall, the recommended rating for KURA is Strong Buy. Currently, the company has 8 analysts watching the stock, and the average quarterly earnings estimate is -0.4.
To review, the current 1-year target estimate is sitting at 26.25, while the current price 33.56. Based on this, we expect some pullback on the stock over time given our above analysis.