In the latest session, Nkarta Inc (NASDAQ: NKTX) closed at $11.38 down -11.78% from its previous closing price of $12.90. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 856011 shares were traded. NKTX stock price reached its highest trading level at $12.82 during the session, while it also had its lowest trading level at $11.34.
Ratios:
For a deeper understanding of Nkarta Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.97 and its Current Ratio is at 10.97. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.28.
On October 10, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $25.
On July 28, 2022, Needham started tracking the stock assigning a Buy rating and target price of $26.Needham initiated its Buy rating on July 28, 2022, with a $26 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 01 ’24 when Brandenberger Ralph sold 8,367 shares for $12.51 per share. The transaction valued at 104,671 led to the insider holds 79,972 shares of the business.
Trager James sold 4,143 shares of NKTX for $49,716 on Feb 12 ’24. The Chief Scientific Officer now owns 149,415 shares after completing the transaction at $12.00 per share. On Jan 16 ’24, another insider, HASTINGS PAUL J, who serves as the Chief Executive Officer of the company, sold 9,697 shares for $8.74 each. As a result, the insider received 84,752 and left with 390,507 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 558.44M and an Enterprise Value of 372.30M.
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 10.31, while the 200-Day Moving Average is calculated to be 4.52.
Shares Statistics:
For the past three months, NKTX has traded an average of 2.12M shares per day and 841.93k over the past ten days. A total of 48.88M shares are outstanding, with a floating share count of 26.59M. Insiders hold about 45.82% of the company’s shares, while institutions hold 58.18% stake in the company. Shares short for NKTX as of Feb 29, 2024 were 4.24M with a Short Ratio of 2.00, compared to 3.84M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.64% and a Short% of Float of 12.31%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.59 for the current quarter, with a high estimate of -$0.41 and a low estimate of -$0.85, while EPS last year was -$0.67. The consensus estimate for the next quarter is -$0.6, with high estimates of -$0.53 and low estimates of -$0.67.
Analysts are recommending an EPS of between -$2.25 and -$2.69 for the fiscal current year, implying an average EPS of -$2.42. EPS for the following year is -$2.49, with 8 analysts recommending between -$2.1 and -$3.25.
