In last trading session, Nkarta Inc (NASDAQ:NKTX) saw 0.7 million shares changing hands with its beta currently measuring 0.02. Company’s recent per share price level of $2.61 trading at $0.25 or 10.83% at ring of the bell on the day assigns it a market valuation of $128.07M. That closing price of NKTX’s stock is at a discount of -279.69% from its 52-week high price of $9.91 and is indicating a premium of 50.96% from its 52-week low price of $1.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.85 million shares which gives us an average trading volume of 2.51 million if we extend that period to 3-months.
Nkarta Inc (NASDAQ:NKTX) trade information
Upright in the green during last session for gaining 10.83%, in the last five days NKTX remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $2.61 price level, adding 1.14% to its value on the day. Nkarta Inc’s shares saw a change of -56.43% in year-to-date performance and have moved 28.57% in past 5-day. Nkarta Inc (NASDAQ:NKTX) showed a performance of 10.59% in past 30-days. Number of shares sold short was 6.94 million shares which calculate 1.08 days to cover the short interests.
Nkarta Inc (NKTX) estimates and forecasts
Statistics highlight that Nkarta Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -42.64% of value to its shares in past 6 months, showing an annual growth rate of -7.76% while that of industry is 14.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 17.90% in the current quarter and calculating 4.80% increase in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -319.81% during past 5 years.
Nkarta Inc is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Nkarta Inc (NASDAQ:NKTX)’s Major holders
Insiders are in possession of 7.05% of company’s total shares while institution are holding 88.18 percent of that, with stock having share float percentage of 94.86%. Investors also watch the number of corporate investors in a company very closely, which is 88.18% institutions for Nkarta Inc that are currently holding shares of the company. RA Capital Management, L.P. is the top institutional holder at NKTX for having 7.81 million shares of worth $17.09 million. And as of Jun 29, 2023, it was holding 15.91% of the company’s outstanding shares.
The second largest institutional holder is T. Rowe Price Investment Management, Inc., which was holding about 4.97 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 10.13% of outstanding shares, having a total worth of $10.89 million.
On the other hand, Wasatch Ultra Growth Fund and Wasatch Small Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.76 million shares of worth $3.85 million or 3.59% of the total outstanding shares. The later fund manager was in possession of 1.69 million shares on Jun 29, 2023, making its stake of worth around $3.7 million in the company or a holder of 3.45% of company’s stock.