The stock of Kadmon Holdings Inc (NYSE:KDMN) hit a new 52-week low and has $5.72 target or 10.00% below today’s $6.36 share price. The 8 months bearish chart indicates high risk for the $287.99 million company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $5.72 price target is reached, the company will be worth $28.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 42,868 shares traded hands. Kadmon Holdings Inc (NYSE:KDMN) has risen 6.00% since September 13, 2016 and is uptrending. It has underperformed by 1.52% the S&P500.
Kadmon Holdings Inc (NYSE:KDMN) Ratings Coverage
Out of 4 analysts covering Kadmon Holdings (NYSE:KDMN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Kadmon Holdings has been the topic of 4 analyst reports since August 22, 2016 according to StockzIntelligence Inc. The rating was initiated by JMP Securities on Monday, August 22 with “Outperform”. Jefferies initiated Kadmon Holdings Inc (NYSE:KDMN) rating on Monday, August 22. Jefferies has “Buy” rating and $12 price target. The firm has “Buy” rating given on Monday, August 22 by H.C. Wainwright. Citigroup initiated Kadmon Holdings Inc (NYSE:KDMN) rating on Monday, August 22. Citigroup has “Neutral” rating and $12 price target.
According to Zacks Investment Research, “Kadmon Holdings, Inc. is a biopharmaceutical company. It engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of significant unmet medical need. The company is developing product candidates within autoimmune and fibrotic diseases, oncology and genetic diseases. Kadmon Holdings, Inc. is headquartered in New York.”
More notable recent Kadmon Holdings Inc (NYSE:KDMN) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on June 17, 2016, also Marketwatch.com with their article: “Sam Waksal’s Kadmon Holdings prices IPO” published on July 26, 2016, Marketwatch.com published: “Kadmon Holdings trading below $12 issue price in market debut” on July 27, 2016. More interesting news about Kadmon Holdings Inc (NYSE:KDMN) were released by: Businesswire.com and their article: “Kadmon Initiates Phase 2 Clinical Trial Evaluating Tesevatinib in Glioblastoma” published on August 29, 2016 as well as Businesswire.com‘s news article titled: “Kadmon to Present at Two Upcoming Investor Conferences” with publication date: September 07, 2016.
KDMN Company Profile
Kadmon Holdings, Inc., formerly Kadmon Holdings, LLC, is a biopharmaceutical company, which is engaged in the discovery, development and commercialization of small molecules and biologics. The Firm is developing product candidates within autoimmune and fibrotic diseases, oncology and genetic diseases. The Company’s product candidates include KD025, Tesevatinib in Oncology, Tesevatinib in polycystic kidney disease (PKD) and KD034. It also offers tablets and capsules, such as Ribasphere RibaPak, Ribasphere tablets, Ribasphere, Qsymia, Tetrabenazine and Valganciclovir.
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