In the last trading session, 1.28 million Nektar Therapeutics (NASDAQ:NKTR) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $0.48 changed hands at -$0.02 or -4.60% during last session, the market valuation stood at $91.86M. NKTR’s last price was a discount, traded about -631.25% off its 52-week high of $3.51. The share price had its 52-week low at $0.41, which suggests the last value was 14.58% up since then. When we look at Nektar Therapeutics’s average trading volume, we note the 10-day average is 1.81 million shares, with the 3-month average coming to 1.90 million.
Analysts gave the Nektar Therapeutics (NKTR) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended NKTR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Nektar Therapeutics’s EPS for the current quarter is expected to be -$0.21.
Nektar Therapeutics (NASDAQ:NKTR) trade information
Instantly NKTR was in red as seen at the end of in last trading. With action 5.85%, the performance over the past five days has been green. The drop to weekly highs of 0.5401 on Friday, 11/17/23 subtracted -4.60% to the stock’s daily price. The company’s shares are showing year-to-date downside of -78.69%, with the 5-day performance at 5.85% in the green. However, in the 30-day time frame, Nektar Therapeutics (NASDAQ:NKTR) is -10.83% down. Looking at the short shares, we see there were 7.47 million shares sold at short interest cover period of 4.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.75, meaning bulls need an upside of 82.55% from its current market value. According to analyst projections, NKTR’s forecast low is $0.50 with $5.00 as the target high. To hit the forecast high, the stock’s price needs a -941.67% plunge from its current level, while the stock would need to soar -4.17% for it to hit the projected low.
Nektar Therapeutics (NKTR) estimates and forecasts
Data shows that the Nektar Therapeutics share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -33.29% over the past 6 months, a 29.44% in annual growth rate that is considerably higher than the industry average of 11.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Nektar Therapeutics will rise 34.40%, while the growth in revenue is estimated to hit 80.80% for the next quarter. Year-over-year growth is forecast to reach -7.90% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $18.62 million. 4 analysts are of the opinion that Nektar Therapeutics’s revenue for the quarter ending Mar 2024 will be $17.12 million. The company’s revenue for the corresponding quarters a year ago was $22.02 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.98%. The 2023 estimates are for Nektar Therapeutics earnings to increase by 26.90%, but the outlook for the next 5-year period is at -7.30% per year.
Nektar Therapeutics is expected to release its next quarterly earnings report on November 07.
Nektar Therapeutics (NASDAQ:NKTR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.07% of Nektar Therapeutics shares while 97.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.43%. There are 97.38% institutions holding the Nektar Therapeutics stock share, with Deep Track Capital, Lp the top institutional holder. As of Jun 29, 2023, the company held 9.45% of the shares, roughly 17.97 million NKTR shares worth $10.34 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 6.34% or 12.06 million shares worth $6.93 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Primecap Odyssey Aggressive Growth Fund. With 5.85 million shares estimated at $3.36 million under it, the former controlled 3.08% of total outstanding shares. On the other hand, Primecap Odyssey Aggressive Growth Fund held about 2.24% of the shares, roughly 4.25 million shares worth around $2.28 million.