Kodiak AI (NASDAQ:KDK) Reaches New 52-Week Low – Should You Sell?

Kodiak AI, Inc. (NASDAQ:KDK)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.94 and last traded at $3.91, with a volume of 117071 shares traded. The stock had previously closed at $4.01.

Wall Street Analyst Weigh In

KDK has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Kodiak AI from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Craig Hallum initiated coverage on Kodiak AI in a research note on Monday, June 15th. They issued a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings downgraded Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. Citigroup restated a “buy” rating on shares of Kodiak AI in a research note on Wednesday. Finally, Chardan Capital dropped their price target on Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Kodiak AI Stock Performance

The stock’s 50 day moving average is $4.88 and its 200 day moving average is $7.00. The company has a market capitalization of $786.23 million, a PE ratio of -0.83 and a beta of 0.45.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The company had revenue of $3.50 million for the quarter. On average, equities research analysts forecast that Kodiak AI, Inc. will post -0.63 EPS for the current fiscal year.

Institutional Trading of Kodiak AI

A number of hedge funds and other institutional investors have recently made changes to their positions in KDK. JPMorgan Chase & Co. purchased a new stake in Kodiak AI during the 3rd quarter worth about $36,000. Barclays PLC purchased a new position in Kodiak AI during the 3rd quarter valued at about $830,000. UBS Group AG bought a new stake in shares of Kodiak AI during the third quarter valued at about $1,059,000. Rokos Capital Management US LP bought a new stake in shares of Kodiak AI during the third quarter valued at about $14,185,000. Finally, AQR Arbitrage LLC purchased a new stake in shares of Kodiak AI in the third quarter worth about $4,802,000. 72.95% of the stock is currently owned by institutional investors.

Kodiak AI Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.