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Kazia Therapeutics Announces Pricing of $50.0 Million Private Placement of Equity Securities
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Kazia Therapeutics Ltd is a biotechnology company focused on pharmaceutical drug development in oncology. The company has a portfolio of development candidates across various technologies targeting multiple cancer indications. Its primary program is Paxalisib, an investigational brain-penetrant inhibitor of the PI3K/Akt/mTOR pathway, designed for the treatment of brain cancer. The company develops targeted therapies aimed at addressing medical needs in oncology. The company operates in Australia and the United States.
Kazia Therapeutics Limited - American Depositary Shares trades on the NASDAQ stock market under the symbol KZIA.
As of February 6, 2026, KZIA stock price climbed to $5.79 with 102,338 million shares trading.
KZIA has a beta of 1.11, meaning it tends to be more sensitive to market movements. KZIA has a correlation of 0.02 to the broad based SPY ETF.
KZIA has a market cap of $65.64 million. This is considered a Micro Cap stock.
In the last 3 years, KZIA traded as high as $84.00 and as low as $2.86.
KZIA has underperformed the market in the last year with a price return of -17.3% while the SPY ETF gained +15.5%. KZIA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.6% and -17.3%, respectively, while the SPY returned +2.2% and +0.2%, respectively.
KZIA support price is $5.21 and resistance is $6.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KZIA shares will trade within this expected range on the day.