In the past week, NKTR stock has gone down by -21.88%, with a monthly decline of -30.56% and a quarterly plunge of -17.01%. The volatility ratio for the week is 9.06%, and the volatility levels for the last 30 days are 7.39% for Nektar Therapeutics The simple moving average for the last 20 days is -20.38% for NKTR stock, with a simple moving average of -18.92% for the last 200 days.
Is It Worth Investing in Nektar Therapeutics (NASDAQ: NKTR) Right Now?
NKTR has 36-month beta value of 0.56. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for NKTR is 178.18M, and currently, short sellers hold a 2.93% ratio of that float. The average trading volume of NKTR on November 21, 2024 was 1.28M shares.
NKTR) stock’s latest price update
Nektar Therapeutics (NASDAQ: NKTR) has seen a decline in its stock price by -2.91 in relation to its previous close of 1.03. However, the company has experienced a -21.88% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-18 that – NKTR-422 demonstrated inflammation resolution and tissue repair in multiple preclinical models of chronic inflammatory conditions – SAN FRANCISCO , Nov. 18, 2024 /PRNewswire/ — Nektar Therapeutics (Nasdaq: NKTR) today announced its oral presentation highlighting preclinical data on NKTR-422 at the 2024 American College of Rheumatology (ACR) conference, being held in Washington, D.C. from November 14-19, 2024.
Analysts’ Opinion of NKTR
Many brokerage firms have already submitted their reports for NKTR stocks, with Piper Sandler repeating the rating for NKTR by listing it as a “Overweight.” The predicted price for NKTR in the upcoming period, according to Piper Sandler is $7 based on the research report published on November 04, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see NKTR reach a price target of $4. The rating they have provided for NKTR stocks is “Buy” according to the report published on September 30th, 2024.
Rodman & Renshaw gave a rating of “Buy” to NKTR, setting the target price at $2 in the report published on June 28th of the current year.
NKTR Trading at -22.00% from the 50-Day Moving Average
After a stumble in the market that brought NKTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.13% of loss for the given period.
Volatility was left at 7.39%, however, over the last 30 days, the volatility rate increased by 9.06%, as shares sank -29.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.00% lower at present.
During the last 5 trading sessions, NKTR fell by -21.87%, which changed the moving average for the period of 200-days by +47.06% in comparison to the 20-day moving average, which settled at $1.2560. In addition, Nektar Therapeutics saw 76.99% 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 NKTR starting from Zalevsky Jonathan, who sale 7,785 shares at the price of $1.01 back on Nov 19 ’24. After this action, Zalevsky Jonathan now owns 243,019 shares of Nektar Therapeutics, valued at $7,863 using the latest closing price.
Wilson Mark Andrew, the Chief Legal Officer of Nektar Therapeutics, sale 6,407 shares at $1.01 during a trade that took place back on Nov 19 ’24, which means that Wilson Mark Andrew is holding 218,856 shares at $6,471 based on the most recent closing price.
Stock Fundamentals for NKTR
Current profitability levels for the company are sitting at:
- -1.46 for the present operating margin
- 0.68 for the gross margin
The net margin for Nektar Therapeutics stands at -1.81. The total capital return value is set at -0.57. Equity return is now at value -161.63, with -44.87 for asset returns.
Based on Nektar Therapeutics (NKTR), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at -1.63. The debt to equity ratio resting at 2.21. The interest coverage ratio of the stock is -5.48.
Currently, EBITDA for the company is -243.11 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.24.
Conclusion
To put it simply, Nektar Therapeutics (NKTR) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
