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The price of Nkarta Inc (NASDAQ: NKTX) closed at $7.29 in the last session, down -6.42% from day before closing price of $7.79. In other words, the price has decreased by -$6.42 from its previous closing price. On the day, 0.73 million shares were traded. NKTX stock price reached its highest trading level at $7.96 during the session, while it also had its lowest trading level at $7.18.
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 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:
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 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 513407008 and an Enterprise Value of 200394000.
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 $1.28. The 50-Day Moving Average of the stock is -32.76%, while the 200-Day Moving Average is calculated to be 40.29%.
Shares Statistics:
According to the various share statistics, NKTX traded on average about 1.01M shares per day over the past 3-months and 971680 shares per day over the past 10 days. A total of 49.18M shares are outstanding, with a floating share count of 36.17M. Insiders hold about 48.67% of the company’s shares, while institutions hold 47.79% stake in the company. Shares short for NKTX as of 1711584000 were 4852321 with a Short Ratio of 4.78, compared to 1709164800 on 4241849. Therefore, it implies a Short% of Shares Outstanding of 4852321 and a Short% of Float of 8.6899996.
Earnings Estimates
The market rating for Nkarta Inc (NKTX) is a result of the insights provided by Viking Therapeutics, Inc. analysts actively involved in the assessment.The consensus estimate for the next quarter is $1.24, with high estimates of $204.01 and low estimates of $0.70.
