A share price of Nkarta Inc [NKTX] is currently trading at $4.26, up 6.50%. 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 9.51% over the last week, with a monthly amount drifted -20.82%, 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 October 09, 2024, when Rodman & Renshaw initiated its Buy rating and assigned the stock a price target of $14. Previously, Raymond James upgraded its rating to Strong Buy on August 14, 2024, and kept the price target unchanged to $16. On March 22, 2024, downgrade downgraded it’s rating to Outperform and revised its price target to $16 on the stock. Oppenheimer downgraded its rating to a Perform. Canaccord Genuity initiated its recommendation with a Buy and recommended $25 as its price target on October 10, 2022. Needham started tracking with a Buy rating for this stock on July 28, 2022, and assigned it a price target of $26. In a note dated July 18, 2022, SVB Leerink initiated an Outperform rating and provided a target price of $30 on this stock.
Nkarta Inc experienced fluctuations in its stock price throughout the past year between $1.81 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 $4.26 at the most recent close of the market. An investor can expect a potential return of 407.04% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 4.02 points at the first support level, and at 3.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.45, and for the 2nd resistance point, it is at 4.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nkarta Inc [NASDAQ:NKTX] is 15.91. As well, the Quick Ratio is 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.
