During the last session, Nkarta Inc. (NASDAQ:NKTX)’s traded shares were 1.69 million. At the end of the trading day, the stock’s price was $14.19, reflecting an intraday gain of 10.95% or $1.4. The 52-week high for the NKTX share is $79.16, that puts it down -457.86 from that peak though still a striking 12.19% gain since the share price plummeted to a 52-week low of $12.46. The company’s market capitalization is $475.93M, and the average intraday trading volume over the past 10 days was 0.55 million shares, and the average trade volume was 312.84K shares over the past three months.
Nkarta Inc. (NKTX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. NKTX has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.66.
Nkarta Inc. (NASDAQ:NKTX) trade information
Nkarta Inc. (NKTX) registered a 10.95% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 10.95% in intraday trading to $14.19 this Wednesday, 12/15/21, hitting a weekly high. The stock’s 5-day price performance is -11.15%, and it has moved by -22.29% in 30 days. Based on these gigs, the overall price performance for the year is -79.13%. The short interest in Nkarta Inc. (NASDAQ:NKTX) is 1.28 million shares and it means that shorts have 4.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $69.67, which implies an increase of 79.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50.00 and $81.00 respectively. As a result, NKTX is trading at a discount of -470.82% off the target high and -252.36% off the low.
Nkarta Inc. (NKTX) estimates and forecasts
Statistics show that Nkarta Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Nkarta Inc. (NKTX) shares have gone down -44.05% during the last six months, with a year-to-date growth rate more than the industry average at 12.46% against 7.00. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -50.00% this quarter and then drop -27.30% in the quarter after that.
While earnings are projected to return -684.80% in 2021.
Nkarta Inc. is due to release its next quarterly earnings between August 18 and August 23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nkarta Inc. (NASDAQ:NKTX)’s Major holders
Nkarta Inc. insiders own 10.84% of total outstanding shares while institutional holders control 80.07%, with the float percentage being 89.80%. RA Capital Management, L.P. is the largest shareholder of the company, while 139 institutions own stock in it. As of Jun 29, 2021, the company held over 5.61 million shares (or 17.03% of all shares), a total value of $177.63 million in shares.
The next largest institutional holding, with 2.9 million shares, is of NEA Management Company, LLC’s that is approximately 8.83% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $92.06 million.
Also, the Mutual Funds coming in first place with the largest holdings of Nkarta Inc. (NKTX) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and iShares Russell 2000 ETF. Data provided on Aug 30, 2021 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF owns about 1.02 million shares. This amounts to just over 3.09 percent of the company’s overall shares, with a $32.92 million market value. The same data shows that the other fund manager holds slightly less at 0.34 million, or about 1.04% of the stock, which is worth about $11.08 million.