The mean of analysts' price targets for KALA BIO (KALA) points to a 74.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
KALA BIO (KALA) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
KALA BIO (KALA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
| Biotechnology Industry | Healthcare Sector | R. Kim Brazzell CEO | XMUN Exchange | US4831192020 ISIN |
| US Country | 38 Employees | - Last Dividend | 21 Oct 2022 Last Split | 20 Jul 2017 IPO Date |
KALA BIO, Inc., originally known as Kala Pharmaceuticals, Inc., is a clinical-stage biopharmaceutical entity dedicated to pioneering treatments for eye-related conditions. With its foundation laid in 2009 and based in Arlington, Massachusetts, the company has transitioned its name to KALA BIO, Inc. in August 2023. It marks its presence in the pharmaceutical industry by steering the discovery, development, and eventual commercialization of innovative therapies designed to tackle a variety of eye diseases, leveraging cutting-edge technology and scientific advances to fulfil unmet medical needs.