Additionally, the 36-month beta value for NKTX is 0.85. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NKTX is 36.17M and currently, short sellers hold a 15.41% ratio of that float. The average trading volume of NKTX on April 25, 2024 was 1.01M shares.
NKTX) stock’s latest price update
Nkarta Inc (NASDAQ: NKTX)’s stock price has gone decline by -6.79 in comparison to its previous close of 7.17, however, the company has experienced a -14.21% decrease in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-03 that SOUTH SAN FRANCISCO, Calif., April 03, 2024 (GLOBE NEWSWIRE) — Nkarta, Inc. (Nasdaq: NKTX), a biopharmaceutical company developing engineered natural killer (NK) cell therapies, today announced its participation in two upcoming investor conferences:
NKTX’s Market Performance
Nkarta Inc (NKTX) has seen a -14.21% fall in stock performance for the week, with a -32.29% decline in the past month and a -24.91% plunge in the past quarter. The volatility ratio for the week is 7.83%, and the volatility levels for the past 30 days are at 9.56% for NKTX. The simple moving average for the last 20 days is -23.91% for NKTX’s stock, with a simple moving average of 26.04% for the last 200 days.
Analysts’ Opinion of NKTX
Many brokerage firms have already submitted their reports for NKTX stocks, with Raymond James repeating the rating for NKTX by listing it as a “Outperform.” The predicted price for NKTX in the upcoming period, according to Raymond James is $16 based on the research report published on March 22, 2024 of the current year 2024.
Canaccord Genuity gave a rating of “Buy” to NKTX, setting the target price at $25 in the report published on October 10th of the previous year.
NKTX Trading at -36.71% from the 50-Day Moving Average
After a stumble in the market that brought NKTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.85% of loss for the given period.
Volatility was left at 9.56%, however, over the last 30 days, the volatility rate increased by 7.83%, as shares sank -40.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.55% lower at present.
During the last 5 trading sessions, NKTX fell by -14.76%, which changed the moving average for the period of 200-days by +222.33% in comparison to the 20-day moving average, which settled at $8.56. In addition, Nkarta Inc saw 1.26% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NKTX starting from RA CAPITAL MANAGEMENT, L.P., who purchase 3,000,000 shares at the price of $10.00 back on Mar 27 ’24. After this action, RA CAPITAL MANAGEMENT, L.P. now owns 10,050,818 shares of Nkarta Inc, valued at $30,000,000 using the latest closing price.
George Simeon, the Director of Nkarta Inc, purchase 2,000,000 shares at $10.00 during a trade that took place back on Mar 27 ’24, which means that George Simeon is holding 1,548,341 shares at $20,000,000 based on the most recent closing price.
Stock Fundamentals for NKTX
The total capital return value is set at -0.37. Equity return is now at value -36.41, with -27.59 for asset returns.
Based on Nkarta Inc (NKTX), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -0.98. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 37.64.
Currently, EBITDA for the company is -125.78 million with net debt to EBITDA at -0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.85.
Conclusion
In conclusion, Nkarta Inc (NKTX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
