The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Nkarta Inc (NASDAQ: NKTX) closed at $2.21 in the last session, up 4.25% from day before closing price of $2.12. In other words, the price has increased by $4.25 from its previous closing price. On the day, 0.68 million shares were traded. NKTX stock price reached its highest trading level at $2.28 during the session, while it also had its lowest trading level at $2.115.
Ratios:
We take a closer look at NKTX’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 15 ’25 when Shook David sold 8,638 shares for $2.20 per share. The transaction valued at 19,004 led to the insider holds 190,955 shares of the business.
Levin Alyssa sold 5,838 shares of NKTX for $12,844 on Jan 15 ’25. The insider now owns 102,662 shares after completing the transaction at $2.20 per share. On Jan 15 ’25, another insider, Brandenberger Ralph, who serves as the Chief Technical Officer of the company, sold 7,447 shares for $2.20 each. As a result, the insider received 16,383 and left with 124,796 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 155957056 and an Enterprise Value of -41649052.
Stock Price History:
The Beta on a monthly basis for NKTX is 0.85, which has changed by -0.78585273 over the last 52 weeks, in comparison to a change of 0.22894537 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 $1.96. The 50-Day Moving Average of the stock is -6.67%, while the 200-Day Moving Average is calculated to be -51.02%.
Shares Statistics:
According to the various share statistics, NKTX traded on average about 1.53M shares per day over the past 3-months and 687410 shares per day over the past 10 days. A total of 70.57M shares are outstanding, with a floating share count of 45.61M. Insiders hold about 35.36% of the company’s shares, while institutions hold 75.17% stake in the company. Shares short for NKTX as of 1738281600 were 10143706 with a Short Ratio of 6.62, compared to 1735603200 on 9953939. Therefore, it implies a Short% of Shares Outstanding of 10143706 and a Short% of Float of 19.06.
