Jan. 2 at 5:39 PM
$KYMR This is typical trading for KYMR. It's still pre-revenue and therefore volatile. Go back over the past few years and look at the chart. In 2023 it rallied from
$12 to
$43. It then retraced to
$29 only to rally back to
$50 in 2024. From September 2024 it sold off from
$50 back to
$22 by March 2025. From there it rallied to the recent high of
$103 on the very promising data. The company was also able to take advantage of its stock strength raising
$700M in cash at
$84/share bringing its cash to approx.
$1.6B. Going forward they have adequate cash to advance the pipeline with no need for further dilution. Every analyst has raised price targets since the data with an average target of
$117. The volatility is nothing new for KYMR and presents an excellent opportunity to enter. It will hit those analyst targets over time and they will be raised again. Happy New Year!
