Nkarta Inc [NKTX] stock prices are down -0.11% to $8.73 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NKTX shares have lost -1.47% over the last week, with a monthly amount drifted -23.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nkarta Inc [NASDAQ: NKTX] stock has seen the most recent analyst activity on March 22, 2024, when Raymond James downgraded its rating to a Outperform and also boosted its price target to $16 from $13. Previously, Oppenheimer downgraded its rating to Perform on December 22, 2022. On October 10, 2022, Canaccord Genuity initiated with a Buy rating and assigned a price target of $25 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $26 on July 28, 2022. SVB Leerink initiated its recommendation with a Outperform and recommended $30 as its price target on July 18, 2022. Raymond James started tracking with a Outperform rating for this stock on March 11, 2022, and assigned it a price target of $17. In a note dated March 08, 2022, H.C. Wainwright initiated an Buy rating and provided a target price of $25 on this stock.
The stock price of Nkarta Inc [NKTX] has been fluctuating between $1.28 and $16.24 over the past year. Currently, Wall Street analysts expect the stock to reach $21.6 within the next 12 months. Nkarta Inc [NASDAQ: NKTX] shares were valued at $8.73 at the most recent close of the market. An investor can expect a potential return of 147.42% 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 -0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 8.49 points at the first support level, and at 8.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.03, and for the 2nd resistance point, it is at 9.33.
Ratios To Look Out For
It’s worth pointing out that Nkarta Inc [NASDAQ:NKTX]’s Current Ratio is 10.85. On the other hand, the Quick Ratio is 10.85, and the Cash Ratio is 1.33.
Transactions by insiders
Recent insider trading involved RA CAPITAL MANAGEMENT, L.P., Director, that happened on Mar 27 ’24 when 3.0 million shares were purchased. Director, George Simeon completed a deal on Mar 27 ’24 to buy 2.0 million shares. Meanwhile, Chief Technical Officer Brandenberger Ralph sold 8367.0 shares on Mar 01 ’24.
