The stock of Nkarta Inc. (NASDAQ:NKTX) decreased by -$0.05 on Wednesday to $1.93, down -2.27 percent. The last five days have seen an average of 374,378 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$4.0600. The average number of shares traded over the last 20 days was 404,185, while the average volume over the last 50 days totaled 557,228.
NKTX stock dropped -3.73% since last month. On 08/16/23, the company’s shares reached a one-month low of $1.8000. The stock touched a high of $18.36 on 01/04/23, after rallying from a low of $1.91 in 52 weeks. The price of NKTX stock has declined by -67.70% or -$4.0600 this year, reaching a new high 2 times. Still, the stock price is down -89.46% from the 52-week high.
Insider Transactions
NKTX stock investors should be aware that Nkarta Inc. (NKTX) stock had its last reported insider trading activity 57 days ago on Jun 20. On Jun 20, Chief Executive Officer HASTINGS PAUL J sold 1,704 shares at $4.85 each. This transaction resulted in the insider making $8,264. On Jun 20, Hager Alicia J. sold 701 shares at a price of US$4.85. After the transaction, the insider now owns 56,496 shares. Mahmood Nadir had earlier sold 526 shares on Jun 20 for $4.85 a share. The transaction was completed for $2,551.
Financial Health
For the three months ended June 29, Nkarta Inc.’s quick ratio was 10.80, while its current ratio was 10.80, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $118.95 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NKTX’s return on assets (ROA) during the last 12 months has been -26.80%. In the meantime, the return on equity (ROE) for the last 12 months was -34.80%.
Earnings Surprise
According to Nkarta Inc.’s quarterly financial report for the quarter that ended June 29, it had $251.64 million in cash and short-term investments. It was predicted that Nkarta Inc.’s quarterly earnings would be -$0.68, but it ended up being -$0.68. At the end of Nkarta Inc.’s most recent quarter ended June 29, its liabilities totaled 111.06 million, while its total debt was $90.5 million. Equity owned by shareholders amounts to $49.06 million.
Technical Picture
Here’s a quick look at Nkarta Inc.’s (NKTX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 27.32%, suggesting the stock is oversold, with a 26.86% historical volatility rate.
The stochastic %K and %D were 10.11% and 7.54% respectively, while the average true range (ATR) was 0.1282. Based on the 14-day stochastic reading of 18.06%, the RSI (14) reading is 29.21%. On the 9-day MACD Oscillator, the stock is at -0.0756, and the 14-day reading is at -0.1398.
Analyst Ratings
Nkarta Inc. (NASDAQ: NKTX) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Nkarta Inc. (NKTX) an Buy rating. NKTX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is NKTX’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $25.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Nkarta Inc. (NKTX) is $17.38.
