After finishing at $10.87 in the prior trading day, Nkarta Inc (NASDAQ: NKTX) closed at $12.08, up 11.13%. In other words, the price has increased by $+1.21 from its previous closing price. On the day, 867943 shares were traded.
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 10.97 and its Current Ratio is at 10.97. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.28.
On October 10, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $25.
On July 28, 2022, Needham started tracking the stock assigning a Buy rating and target price of $26.Needham initiated its Buy rating on July 28, 2022, with a $26 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 Feb 12 when Trager James sold 4,143 shares for $12.00 per share. The transaction valued at 49,716 led to the insider holds 149,415 shares of the business.
HASTINGS PAUL J sold 9,697 shares of NKTX for $84,752 on Jan 16. The Chief Executive Officer now owns 390,507 shares after completing the transaction at $8.74 per share. On Jan 16, another insider, Trager James, who serves as the Chief Scientific Officer of the company, sold 4,560 shares for $8.74 each. As a result, the insider received 39,854 and left with 153,558 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 533.42M and an Enterprise Value of 347.27M.
Stock Price History:
Over the past 52 weeks, NKTX has reached a high of $12.20, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is 8.39, while the 200-Day Moving Average is calculated to be 4.03.
Shares Statistics:
The stock has traded on average 2.03M shares per day over the past 3-months and 568.68k shares per day over the last 10 days, according to various share statistics. A total of 48.88M shares are outstanding, with a floating share count of 26.44M. Insiders hold about 46.13% of the company’s shares, while institutions hold 58.40% stake in the company. Shares short for NKTX as of Feb 15, 2024 were 4.55M with a Short Ratio of 2.24, compared to 4.63M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.27% and a Short% of Float of 13.20%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.59 for the current quarter, with a high estimate of -$0.41 and a low estimate of -$0.85, while EPS last year was -$0.67. The consensus estimate for the next quarter is -$0.6, with high estimates of -$0.53 and low estimates of -$0.67.
Analysts are recommending an EPS of between -$2.25 and -$2.69 for the fiscal current year, implying an average EPS of -$2.42. EPS for the following year is -$2.49, with 8 analysts recommending between -$2.1 and -$3.25.
