Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Nkarta Inc’s stock clocked out at $7.40, down -1.73% from its previous closing price of $7.53. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 0.82 million shares were traded. NKTX stock price reached its highest trading level at $8.33 during the session, while it also had its lowest trading level at $7.35.
Ratios:
To gain a deeper understanding of NKTX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.85 and its Current Ratio is at 10.85. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.30.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 27 ’24 when RA CAPITAL MANAGEMENT, L.P. bought 3,000,000 shares for $10.00 per share. The transaction valued at 30,000,000 led to the insider holds 10,050,818 shares of the business.
George Simeon bought 2,000,000 shares of NKTX for $20,000,000 on Mar 27 ’24. The Director now owns 1,548,341 shares after completing the transaction at $10.00 per share. On Mar 01 ’24, another insider, Brandenberger Ralph, who serves as the Chief Technical Officer of the company, sold 8,367 shares for $12.51 each. As a result, the insider received 104,671 and left with 79,972 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 521460256 and an Enterprise Value of 205829776.
Stock Price History:
The Beta on a monthly basis for NKTX is 0.88, which has changed by 0.6369566 over the last 52 weeks, in comparison to a change of 0.22379243 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 -27.22%, while the 200-Day Moving Average is calculated to be 35.71%.
Shares Statistics:
It appears that NKTX traded 996.21K shares on average per day over the past three months and 906750 shares per day over the past ten days. A total of 49.18M shares are outstanding, with a floating share count of 47.34M. Insiders hold about 32.82% of the company’s shares, while institutions hold 47.80% stake in the company. Shares short for NKTX as of 1713139200 were 5572257 with a Short Ratio of 5.59, compared to 1710460800 on 4177830. Therefore, it implies a Short% of Shares Outstanding of 5572257 and a Short% of Float of 10.4899995.
Earnings Estimates
The current market rating for Nkarta Inc (NKTX) reflects the collective analysis of 7.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.56 for the current quarter, with a high estimate of -$0.46 and a low estimate of -$0.65, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.52, with high estimates of -$0.33 and low estimates of -$0.65.
Analysts are recommending an EPS of between -$1.52 and -$2.49 for the fiscal current year, implying an average EPS of -$2.1. EPS for the following year is -$2.07, with 7.0 analysts recommending between -$1.35 and -$2.47.
