During the last session, Nkarta Inc. (NASDAQ:NKTX)’s traded shares were 0.65 million. At the end of the trading day, the stock’s price was $14.89, reflecting an intraday gain of 8.77% or $1.2. The 52-week high for the NKTX share is $40.64, that puts it down -172.93 from that peak though still a striking 49.29% gain since the share price plummeted to a 52-week low of $7.55. The company’s market capitalization is $684.94M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 765.43K 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 12 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 11 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 -$0.6.
Nkarta Inc. (NASDAQ:NKTX) trade information
Nkarta Inc. (NKTX) registered a 8.77% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.77% in intraday trading to $14.89 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 10.21%, and it has moved by 2.41% in 30 days. Based on these gigs, the overall price performance for the year is -61.18%. The short interest in Nkarta Inc. (NASDAQ:NKTX) is 6.28 million shares and it means that shorts have 8.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $41.80, which implies an increase of 64.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25.00 and $81.00 respectively. As a result, NKTX is trading at a discount of -443.99% off the target high and -67.9% 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 up 60.97% during the last six months, with a year-to-date growth rate more than the industry average at 1.91% against 1.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 9.10% this quarter and then jump 10.30% in the quarter after that.
While earnings are projected to return 51.80% in 2022.
Nkarta Inc. is due to release its next quarterly earnings between March 23 and March 28. 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 7.30% of total outstanding shares while institutional holders control 67.39%, with the float percentage being 72.70%. RA Capital Management, L.P. is the largest shareholder of the company, while 150 institutions own stock in it. As of Mar 30, 2022, the company held over 5.61 million shares (or 16.98% of all shares), a total value of $63.79 million in shares.
The next largest institutional holding, with 2.9 million shares, is of NEA Management Company, LLC’s that is approximately 8.80% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $33.06 million.
Also, the Mutual Funds coming in first place with the largest holdings of Nkarta Inc. (NKTX) shares are Fidelity Select Portfolios – Biotechnology and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF. Data provided on May 30, 2022 indicates that Fidelity Select Portfolios – Biotechnology owns about 0.88 million shares. This amounts to just over 2.67 percent of the company’s overall shares, with a $12.7 million market value. The same data shows that the other fund manager holds slightly less at 0.86 million, or about 2.60% of the stock, which is worth about $10.56 million.