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After finishing at $2.70 in the prior trading day, Nkarta Inc (NASDAQ: NKTX) closed at $2.53, down -6.30%. In other words, the price has decreased by -$6.30 from its previous closing price. On the day, 1.26 million shares were traded. NKTX stock price reached its highest trading level at $2.735 during the session, while it also had its lowest trading level at $2.48.
Ratios:
Our goal is to gain a better understanding of NKTX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.91 and its Current Ratio is at 12.91. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Rodman & Renshaw on October 09, 2024, initiated with a Buy rating and assigned the stock a target price of $14.
On August 14, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Outperform but kept the price unchanged to $16.
Raymond James Downgraded its Strong Buy to Outperform on March 22, 2024, whereas the target price for the stock was revised from $13 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 16 ’24 when Hager Alicia J. sold 3,396 shares for $8.00 per share. The transaction valued at 27,168 led to the insider holds 103,819 shares of the business.
Trager James sold 456 shares of NKTX for $2,554 on Jun 18 ’24. The Chief Scientific Officer now owns 150,959 shares after completing the transaction at $5.60 per share. On Jun 18 ’24, another insider, HASTINGS PAUL J, who serves as the Chief Executive Officer of the company, sold 1,770 shares for $5.60 each. As a result, the insider received 9,912 and left with 240,737 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NKTX now has a Market Capitalization of 178539056 and an Enterprise Value of -19067052.
Stock Price History:
Over the past 52 weeks, NKTX has reached a high of $16.24, while it has fallen to a 52-week low of $2.28. The 50-Day Moving Average of the stock is -39.04%, while the 200-Day Moving Average is calculated to be -63.30%.
Shares Statistics:
The stock has traded on average 680.69K shares per day over the past 3-months and 1176770 shares per day over the last 10 days, according to various share statistics. A total of 49.18M shares are outstanding, with a floating share count of 46.00M. Insiders hold about 36.18% of the company’s shares, while institutions hold 68.87% stake in the company. Shares short for NKTX as of 1730332800 were 9569898 with a Short Ratio of 14.06, compared to 1727654400 on 9438578. Therefore, it implies a Short% of Shares Outstanding of 9569898 and a Short% of Float of 17.979999.
