A share price of Nkarta Inc [NKTX] is currently trading at $12.98, up 1.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The NKTX shares have gain 14.06% over the last week, with a monthly amount glided 36.20%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, Nkarta Reports Fourth Quarter and Full Year 2023 Financial Results and Corporate Highlights. In a post published today on Yahoo Finance, First patient dosing on track for first half of 2024 in clinical trial of NKX019 in lupus nephritis using disease-tailored lymphodepletion.
From an analyst’s perspective:
Nkarta Inc [NASDAQ: NKTX] stock has seen the most recent analyst activity on December 22, 2022, when Oppenheimer downgraded its rating to a Perform. Previously, Canaccord Genuity started tracking the stock with Buy rating on October 10, 2022, and set its price target to $25. On July 28, 2022, Needham initiated with a Buy rating and assigned a price target of $26 on the stock. SVB Leerink started tracking the stock assigning a Outperform rating and suggested a price target of $30 on July 18, 2022. Raymond James initiated its recommendation with a Outperform and recommended $17 as its price target on March 11, 2022. H.C. Wainwright started tracking with a Buy rating for this stock on March 08, 2022, and assigned it a price target of $25. In a note dated January 06, 2022, William Blair initiated an Outperform rating.
Nkarta Inc experienced fluctuations in its stock price throughout the past year between $1.28 and $16.24. Currently, Wall Street analysts expect the stock to reach $34 within the next 12 months. Nkarta Inc [NASDAQ: NKTX] shares were valued at $12.98 at the most recent close of the market. An investor can expect a potential return of 161.94% based on the average NKTX price forecast.
Analyzing the NKTX fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.37 and Total Capital is -0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.48 points at the first support level, and at 11.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.69, and for the 2nd resistance point, it is at 14.40.
Nkarta Inc [NKTX] reported earnings per share of -$0.52 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.67/share, meaning a difference of $0.15 and a surprise factor of 22.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.68 per share as compared to estimates of -$0.68 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nkarta Inc [NASDAQ:NKTX] is 10.97. On the other hand, the Quick Ratio is 10.97, and the Cash Ratio is 1.49.
Transactions by insiders
Recent insider trading involved Brandenberger Ralph, Chief Technical Officer, that happened on Mar 01 ’24 when 8367.0 shares were sold. Chief Scientific Officer, Trager James completed a deal on Feb 12 ’24 to sell 4143.0 shares. Meanwhile, Chief Executive Officer HASTINGS PAUL J sold 9697.0 shares on Jan 16 ’24.
