If You Had Bought IDEAYA Biosciences (NASDAQ:IDYA) Stock A Year Ago, You Could Pocket A 68% Gain Today

July 06, 2021
  •  Updated
November 29, 2022
NasdaqGS:IDYA
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The simplest way to invest in stocks is to buy exchange traded funds. But you can significantly boost your returns by picking above-average stocks. To wit, the IDEAYA Biosciences, Inc. (NASDAQ:IDYA) share price is 68% higher than it was a year ago, much better than the market return of around 41% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! We'll need to follow IDEAYA Biosciences for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long.

View our latest analysis for IDEAYA Biosciences

Given that IDEAYA Biosciences didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Shareholders of unprofitable companies usually expect strong revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

earnings-and-revenue-growth
NasdaqGS:IDYA Earnings and Revenue Growth July 7th 2021

IDEAYA Biosciences is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. So we recommend checking out this free report showing consensus forecasts

A Different Perspective

IDEAYA Biosciences shareholders should be happy with the total gain of 68% over the last twelve months. That's better than the more recent three month gain of 8.8%, implying that share price has plateaued recently. Having said that, we doubt shareholders would be concerned. It seems the market is simply waiting on more information, because if the business delivers so will the share price (eventually). I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with IDEAYA Biosciences (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process.

We will like IDEAYA Biosciences better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

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