Should I buy or sell Ikena Oncology stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ikena Oncology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IKNA shares. View IKNA analyst ratings or view top-rated stocks .

What is Ikena Oncology's stock price target for 2024?

3 brokers have issued 12-month price targets for Ikena Oncology's shares. Their IKNA share price targets range from $8.00 to $11.00. On average, they expect the company's stock price to reach $9.50 in the next year. This suggests a possible upside of 642.2% from the stock's current price. View analysts price targets for IKNA or view top-rated stocks among Wall Street analysts .

How have IKNA shares performed in 2024?

Ikena Oncology's stock was trading at $1.97 at the start of the year. Since then, IKNA shares have decreased by 35.0% and is now trading at $1.28. View the best growth stocks for 2024 here .

When is Ikena Oncology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our IKNA earnings forecast .

How were Ikena Oncology's earnings last quarter?

Ikena Oncology, Inc. (NASDAQ:IKNA) posted its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.41). The firm earned $0.66 million during the quarter, compared to the consensus estimate of $2.39 million.

When did Ikena Oncology IPO?

Ikena Oncology (IKNA) raised $125 million in an initial public offering (IPO) on Friday, March 26th 2021. The company issued 7,800,000 shares at a price of $15.00-$17.00 per share. Jefferies, Cowen, Credit Suisse and William Blair acted as the underwriters for the IPO.

How do I buy shares of Ikena Oncology?

Shares of IKNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:IKNA

Ikena Oncology (IKNA) Stock Price, News & Analysis

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$1.34

+0.06 (+4.69%)

(As of 12:52 PM ET)

Compare

Today's Range: $1.25
▼
$1.38
50-Day Range: $1.26
▼
$1.60
52-Week Range: $1.02
▼
$7.64

Volume: 153,804 shs
Average Volume: 381,312 shs
Market Capitalization: $64.67 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.50

Get Ikena Oncology alerts:

Ikena Oncology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 642.2% Upside
$9.50 Price Target
Short Interest: Healthy
4.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.93
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.50) to ($1.31) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.97 out of 5 stars

Medical Sector

376th out of 928 stocks

Biological Products, Except Diagnostic Industry

53rd out of 156 stocks

3.5

Analyst's Opinion

Consensus Rating
Ikena Oncology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Ikena Oncology has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.97% of the float of Ikena Oncology has been sold short.
Short Interest Ratio / Days to Cover
Ikena Oncology has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ikena Oncology has recently increased by 11.61%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Ikena Oncology does not currently pay a dividend.
Dividend Growth
Ikena Oncology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IKNA.

3.3

News and Social Media Coverage

News Sentiment
Ikena Oncology has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ikena Oncology this week, compared to 1 article on an average week.
MarketBeat Follows
3 people have added Ikena Oncology to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ikena Oncology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.95% of the stock of Ikena Oncology is held by insiders.
Percentage Held by Institutions
75.00% of the stock of Ikena Oncology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Ikena Oncology are expected to grow in the coming year, from ($1.50) to ($1.31) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ikena Oncology is -0.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ikena Oncology is -0.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ikena Oncology has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Ikena Oncology Stock (NASDAQ:IKNA)

Ikena Oncology, Inc. operates as an oncology company that develops differentiated therapies for patients in need that target nodes of cancer growth, spread, and therapeutic resistance in the United States. Its lead program is IK-930, an internally discovered, oral, TEAD1-selective, small molecule inhibitor of the Hippo pathway. The company also develops IK-595, a molecular glue designed to trap MEK and RAF in an inactive complex. Ikena Oncology, Inc. was incorporated in 2016 and is headquartered in Boston, Massachusetts.

IKNA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IKNA Stock News Headlines

April 10, 2024 | globenewswire.com

Ikena Oncology to Present at the Stifel 2024 Virtual Targeted Oncology Forum

March 19, 2024 | markets.businessinsider.com

The Analyst Landscape: 4 Takes On Ikena Oncology

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March 14, 2024 | finance.yahoo.com

Ikena Oncology Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

March 13, 2024 | markets.businessinsider.com

Ikena Oncology’s Promising Drug Pipeline Merits a Buy Rating

March 12, 2024 | benzinga.com

Ikena Oncology: Q4 Earnings Insights

March 12, 2024 | finanznachrichten.de

Ikena Oncology, Inc.: Ikena Oncology Reports Fourth Quarter and Full Year 2023 Financial Results

March 12, 2024 | globenewswire.com

Ikena Oncology Reports Fourth Quarter and Full Year 2023 Financial Results

April 16, 2024 | Crypto Swap Profits (Ad)

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February 27, 2024 | globenewswire.com

Ikena Oncology to Participate in TD Cowen 44th Annual Health Care Conference

February 21, 2024 | finance.yahoo.com

Ikena Oncology Appoints Caroline Germa, M.D. as Chief Medical Officer

February 21, 2024 | globenewswire.com

Ikena Oncology Appoints Caroline Germa, M.D. as Chief Medical Officer

February 14, 2024 | finance.yahoo.com

Down -29.05% in 4 Weeks, Here's Why Ikena Oncology, Inc. (IKNA) Looks Ripe for a Turnaround

January 24, 2024 | finance.yahoo.com

Down -33.01% in 4 Weeks, Here's Why Ikena Oncology, Inc. (IKNA) Looks Ripe for a Turnaround

January 22, 2024 | investing.com

Ikena Oncology Inc (IKNA)

January 20, 2024 | benzinga.com

Ikena Oncology Stock (NASDAQ:IKNA) Dividends: History, Yield and Dates

January 19, 2024 | markets.businessinsider.com

Ikena Oncology Refocuses on Key Programs: Analysts Maintain Outperform Ratings Amid Strategic Organizational Changes

January 19, 2024 | finanznachrichten.de

Ikena Oncology, Inc.: Ikena Oncology Outlines Key Priorities and Provides Corporate Updates

January 18, 2024 | msn.com

Ikena to cut 35% of workforce, extend cash runway into 2H 2026

January 18, 2024 | finance.yahoo.com

Ikena Oncology Outlines Key Priorities and Provides Corporate Updates

November 11, 2023 | benzinga.com

Ikena Oncology Stock (NASDAQ:IKNA) Earnings Dates and Earning Calls

November 11, 2023 | morningstar.com

Ikena Oncology Inc IKNA

November 10, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Healthcare Companies: Adicet Bio (ACET), Biogen (BIIB) and Ikena Oncology (IKNA)

November 10, 2023 | finance.yahoo.com

Broker Revenue Forecasts For Ikena Oncology, Inc. (NASDAQ:IKNA) Are Surging Higher

November 9, 2023 | marketwatch.com

Ikena Oncology Shares Slump to All-Time Low After IK-930 Cancer Drug Data

November 9, 2023 | msn.com

Ikena tumbles after early data for lead asset, Q3 financials

November 9, 2023 | benzinga.com

Why Is Cancer Firm Ikena Oncology Stock Trading Lower Today?

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Biological products, except diagnostic
Sub-Industry: N/A
Current Symbol: NASDAQ:IKNA
CUSIP: N/A
CIK: 1835579
Web: ikenaoncology.com
Phone: 857-273-8343
Fax: N/A
Employees: 43
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $9.50
High Stock Price Target: $11.00
Low Stock Price Target: $8.00
Potential Upside/Downside: +642.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.64)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-68,170,000.00
Net Margins: N/A
Pretax Margin: -745.94%
Return on Equity: -44.21%
Return on Assets: -37.27%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 12.58
Quick Ratio: 12.58

Sales & Book Value

Annual Sales: $9.16 million
Price / Sales: 6.74
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.52 per share
Price / Book: 0.36

Miscellaneous

Outstanding Shares: 48,260,000
Free Float: 45,387,000
Market Cap: $61.77 million
Optionable: Not Optionable
Beta: 0.33

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Key Executives

Dr. Mark Manfredi Ph.D. (Age 53)
President, CEO & Director
Comp: $803.9k
Dr. Jotin Marango M.D. (Age 45)
Ph.D., CFO & Head of Corporate Development
Comp: $581.42k
Mr. Bob Lally
Senior Vice President of Finance & Operations
Ms. Srividya Subramanian Esq.
Ph.D., VP & Deputy General Counsel
Ms. Samantha Vuksanic
Head of Human Resources
Mr. Jeffrey Ecsedy Ph.D. (Age 54)
Chief Development Officer
Mr. Navin Parwani M.S.
VP & Head of Quality
Mr. David Damphousse M.S.
Senior Vice President of Clinical Development Operations
Dr. Caroline Germa M.D. (Age 51)
Chief Medical Officer
Mr. Valdas Jurkauskas Ph.D.
Senior Vice President of Technical Operations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

IKNA Stock Analysis - Frequently Asked Questions

Should I buy or sell Ikena Oncology stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ikena Oncology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IKNA shares.
View IKNA analyst ratings or view top-rated stocks.
What is Ikena Oncology's stock price target for 2024?: 3 brokers have issued 12-month price targets for Ikena Oncology's shares. Their IKNA share price targets range from $8.00 to $11.00. On average, they expect the company's stock price to reach $9.50 in the next year. This suggests a possible upside of 642.2% from the stock's current price.
View analysts price targets for IKNA or view top-rated stocks among Wall Street analysts.
How have IKNA shares performed in 2024?: Ikena Oncology's stock was trading at $1.97 at the start of the year. Since then, IKNA shares have decreased by 35.0% and is now trading at $1.28.
View the best growth stocks for 2024 here.
When is Ikena Oncology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our IKNA earnings forecast.

How were Ikena Oncology's earnings last quarter?: Ikena Oncology, Inc. (NASDAQ:IKNA) posted its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.41). The firm earned $0.66 million during the quarter, compared to the consensus estimate of $2.39 million.
When did Ikena Oncology IPO?: Ikena Oncology (IKNA) raised $125 million in an initial public offering (IPO) on Friday, March 26th 2021. The company issued 7,800,000 shares at a price of $15.00-$17.00 per share. Jefferies, Cowen, Credit Suisse and William Blair acted as the underwriters for the IPO.
How do I buy shares of Ikena Oncology?: Shares of IKNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IKNA) was last updated on 4/16/2024 by MarketBeat.com Staff

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