At the time of writing, Nkarta Inc [NKTX] stock is trading at $8.00, up 13.96%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NKTX shares have gain 39.86% over the last week, with a monthly amount glided 28.41%, and 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.
For the past year, the stock price of Nkarta Inc fluctuated between $1.28 and $16.24. Currently, Wall Street analysts expect the stock to reach $21.6 within the next 12 months. Nkarta Inc [NASDAQ: NKTX] shares were valued at $8.00 at the most recent close of the market. An investor can expect a potential return of 170.0% based on the average NKTX price forecast.
Analyzing the NKTX fundamentals
Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -12.34%, Pretax Profit Margin comes in at -11.02%, and Net Profit Margin reading is -11.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.34 and Total Capital is -0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 7.29 points at the first support level, and at 6.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.47, and for the 2nd resistance point, it is at 8.94.
Ratios To Look Out For
It is important to note that Nkarta Inc [NASDAQ:NKTX] has a current ratio of 19.95. As well, the Quick Ratio is 19.95, while the Cash Ratio is 11.28.
Transactions by insiders
Recent insider trading involved HASTINGS PAUL J, Chief Executive Officer, that happened on Jun 18 ’24 when 1770.0 shares were sold. Chief Legal Officer, Hager Alicia J. completed a deal on Jun 18 ’24 to sell 727.0 shares. Meanwhile, Chief Scientific Officer Trager James sold 456.0 shares on Jun 18 ’24.
