The stock of Kadmon Holdings Inc (NYSE:KDMN) hit a new 52-week low and has $4.11 target or 12.00% below today’s $4.67 share price. The 8 months bearish chart indicates high risk for the $201.13M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $4.11 price target is reached, the company will be worth $24.14 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 24,852 shares traded hands. Kadmon Holdings Inc (NYSE:KDMN) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% 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. H.C. Wainwright initiated it with “Buy” rating and $25 target price in Monday, August 22 report. JMP Securities initiated Kadmon Holdings Inc (NYSE:KDMN) on Monday, August 22 with “Outperform” rating. On Monday, August 22 the stock rating was initiated by Jefferies with “Buy”. 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 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 published the news titled: “Sam Waksal’s Kadmon Holdings prices IPO” on July 26, 2016. Marketwatch.com‘s news article titled: “Kadmon Holdings trading below $12 issue price in market debut” with publication date: July 27, 2016 was also an interesting one.
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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