Metric Deep Dive: Understanding Nkarta Inc (NKTX) Through its Ratios

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After finishing at $5.26 in the prior trading day, Nkarta Inc (NASDAQ: NKTX) closed at $5.55, up 5.51%. In other words, the price has increased by $5.51 from its previous closing price. On the day, 0.23 million shares were traded. NKTX stock price reached its highest trading level at $5.58 during the session, while it also had its lowest trading level at $5.15.

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 19.95 and its Current Ratio is at 19.95. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.17.

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 the company, Raymond James on March 22, 2024, Downgraded its rating to Outperform and sets its target price to $16 from $13 previously.

On October 10, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $25.Canaccord Genuity initiated its Buy rating on October 10, 2022, with a $25 target price.

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 Jun 18 ’24 when HASTINGS PAUL J sold 1,770 shares for $5.60 per share. The transaction valued at 9,912 led to the insider holds 240,737 shares of the business.

Hager Alicia J. sold 727 shares of NKTX for $4,071 on Jun 18 ’24. The Chief Legal Officer now owns 107,215 shares after completing the transaction at $5.60 per share. On Jun 18 ’24, another insider, Trager James, who serves as the Chief Scientific Officer of the company, sold 456 shares for $5.60 each. As a result, the insider received 2,554 and left with 150,959 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 377353984 and an Enterprise Value of 27134106.

Stock Price History:

The Beta on a monthly basis for NKTX is 0.85, which has changed by 1.7251909 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, NKTX has reached a high of $16.24, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is -14.68%, while the 200-Day Moving Average is calculated to be -12.75%.

Shares Statistics:

The stock has traded on average 856.28K shares per day over the past 3-months and 1141140 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 41.44M. Insiders hold about 41.20% of the company’s shares, while institutions hold 62.29% stake in the company. Shares short for NKTX as of 1718323200 were 5989900 with a Short Ratio of 7.00, compared to 1715731200 on 8037681. Therefore, it implies a Short% of Shares Outstanding of 5989900 and a Short% of Float of 11.270001.

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