Nkarta Inc [NKTX] stock prices are down -2.17% to $1.80 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NKTX shares have gain 11.11% over the last week, with a monthly amount drifted -23.08%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Nkarta Inc [NKTX] has been fluctuating between $1.57 and $15.66 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 $1.80 at the most recent close of the market. An investor can expect a potential return of 1100.0% based on the average NKTX price forecast.
Analyzing the NKTX fundamentals
Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -12.19%, Pretax Profit Margin comes in at -10.49%, and Net Profit Margin reading is -10.49%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.27 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 1.7400 points at the first support level, and at 1.6800 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8700, and for the 2nd resistance point, it is at 1.9400.
Ratios To Look Out For
It’s worth pointing out that Nkarta Inc [NASDAQ:NKTX]’s Current Ratio is 12.91. On the other hand, the Quick Ratio is 12.91, and the Cash Ratio is 2.54.
Transactions by insiders
Recent insider trading involved Shook David,, that happened on Jan 15 ’25 when 8638.0 shares were sold., Levin Alyssa completed a deal on Jan 15 ’25 to sell 5838.0 shares. Meanwhile, Chief Technical Officer Brandenberger Ralph sold 7447.0 shares on Jan 15 ’25.
