The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of Nkarta Inc (NASDAQ: NKTX) was $2.34 for the day, up 2.18% from the previous closing price of $2.29. In other words, the price has increased by $2.18 from its previous closing price. On the day, 2.81 million shares were traded. NKTX stock price reached its highest trading level at $2.44 during the session, while it also had its lowest trading level at $2.24.
Ratios:
Our analysis of NKTX’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 165130992 and an Enterprise Value of -32475116.
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 -26.63%, while the 200-Day Moving Average is calculated to be -61.94%.
Shares Statistics:
NKTX traded an average of 1.18M shares per day over the past three months and 2976230 shares per day over the past ten days. A total of 70.57M shares are outstanding, with a floating share count of 46.00M. Insiders hold about 34.81% of the company’s shares, while institutions hold 68.90% stake in the company. Shares short for NKTX as of 1732838400 were 6646819 with a Short Ratio of 5.65, compared to 1730332800 on 9569898. Therefore, it implies a Short% of Shares Outstanding of 6646819 and a Short% of Float of 12.49.
