At the time of writing, Nkarta Inc [NKTX] stock is trading at $5.66, up 6.39%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NKTX shares have gain 8.64% over the last week, with a monthly amount drifted -19.60%, 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 August 14, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $16 for it. Previously, Raymond James downgraded its rating to Outperform on March 22, 2024, and elevated its price target to $16. On December 22, 2022, downgrade downgraded it’s rating to Perform. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $25 on October 10, 2022. Needham initiated its recommendation with a Buy and recommended $26 as its price target on July 28, 2022. SVB Leerink started tracking with a Outperform rating for this stock on July 18, 2022, and assigned it a price target of $30. In a note dated March 11, 2022, Raymond James initiated an Outperform rating and provided a target price of $17 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 $5.66 at the most recent close of the market. An investor can expect a potential return of 281.63% based on the average NKTX price forecast.
Analyzing the NKTX fundamentals
Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -11.76%, Pretax Profit Margin comes in at -10.24%, and Net Profit Margin reading is -10.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.29 and Total Capital is -0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 5.45 points at the first support level, and at 5.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.77, and for the 2nd resistance point, it is at 5.89.
Ratios To Look Out For
It is important to note that Nkarta Inc [NASDAQ:NKTX] has a current ratio of 15.91. Further, the Quick Ratio stands at 15.91, while the Cash Ratio is 5.77.
Transactions by insiders
Recent insider trading involved Hager Alicia J., Chief Legal Officer, that happened on Jul 16 ’24 when 3396.0 shares were sold. Chief Scientific Officer, Trager James completed a deal on Jun 18 ’24 to sell 456.0 shares. Meanwhile, Chief Executive Officer HASTINGS PAUL J sold 1770.0 shares on Jun 18 ’24.
