For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Nkarta Inc (NASDAQ: NKTX) closed at $2.02 in the last session, up 4.66% from day before closing price of $1.93. In other words, the price has increased by $4.66 from its previous closing price. On the day, 0.61 million shares were traded.
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 14.45 and its Current Ratio is at 14.45. 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.
Stock Price History:
Over the past 52 weeks, NKTX has reached a high of $8.23, while it has fallen to a 52-week low of $1.31. The 50-Day Moving Average of the stock is 12.91%, while the 200-Day Moving Average is calculated to be -36.07%.
Shares Statistics:
A total of 70.65M shares are outstanding, with a floating share count of 49.99M. Insiders hold about 29.54% of the company’s shares, while institutions hold 78.88% stake in the company.
