Shares of Kintara Therapeutics (NASDAQ: KTRA) jumped as much as 30% in today’s trading session. This can be attributed to the news of a fast track designation granted to the company by the FDA for its breast cancer candidate.
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This will allow Kintara’s treatment to reach patients sooner if it were to eventually get approved. The stock has since given up a large chunk of its gains but still maintains a 12% gain on the day.
Is Kintara Stock a Buy?
Kintara stock has a Hold consensus rating based on two Holds assigned in the past three months. Interestingly, these analysts haven’t assigned a price target, implying that the stock is too unpredictable.
