Long Position on KNSA @ $16.00 on 11/30/2022 (Momentum)

Kiniksa Pharmaceuticals, Ltd. (KNSA) focuses on discovering, acquiring, developing, and commercializing therapeutic medicines for patients suffering from debilitating diseases with significant unmet medical needs worldwide. Stockwinners

Its product candidates include ARCALYST, an interleukin-1alpha and interleukin-1beta, for the treatment of recurrent pericarditis, which is an inflammatory cardiovascular disease; Mavrilimumab, a monoclonal antibody inhibitor that completed Phase II clinical trials for the treatment of giant cell arteritis; Vixarelimab, a monoclonal antibody, which is in Phase 2a clinical trial for the treatment of prurigo nodularis, a chronic inflammatory skin condition; and KPL-404, a monoclonal antibody inhibitor of the CD40- CD154 interaction, a T-cell co-stimulatory signal critical for B-cell maturation, immunoglobulin class switching, and type 1 immune response.

On November 1, KNSA reported 3rd Quarter September 2022 earnings of $0.67 per share on revenue of $99.1 million. The consensus earnings estimate was $0.38 per share on revenue of $113.0 million. Revenue grew 719.6% on a year-over-year basis.

Shares have formed a bullish "cup and handle" and higher share prices are expected. 

 

Entry Point: $16.00

Trading Range: $7.36 to $16.78

Stop Loss: $15.20

Target Price: $17.60

Position closed on 12/8/2022 at price of $15.20 with a -5.00% loss in 8 days.

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