Kindred Biosciences Inc. (NASDAQ:KIN) traded today at a new 52-week high of $9.21. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 489,000 shares.
Kindred Biosciences Inc is a biopharmaceutical company developing innovative biologics focused on saving and improving the lives of pets. The company identifies targets that have already demonstrated safety and efficacy in humans and develop therapeutics based on these validated targets for dogs and cats. It has a pipeline of novel biologics in development across many therapeutic classes, alongside biologics manufacturing capabilities and a broad intellectual property portfolio.
Potential upside of 82.6% exists for Kindred Biosciences Inc., based on a current level of $9.20 and analysts’ average consensus price target of $16.80.
Over the past year, Kindred Biosciences Inc. has traded in a range of $3.20 to $9.21 and is now at $9.20, 188% above that low.
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