During the last session, Nkarta Inc (NASDAQ:NKTX)’s traded shares were 0.5 million, with the beta value of the company hitting 0.87. At the end of the trading day, the stock’s price was $3.19, reflecting an intraday gain of 3.57% or $0.11. The 52-week high for the NKTX share is $16.24, that puts it down -409.09 from that peak though still a striking 40.75% gain since the share price plummeted to a 52-week low of $1.89. The company’s market capitalization is $225.08M, and the average intraday trading volume over the past 10 days was 0.89 million shares, and the average trade volume was 618.85K shares over the past three months.
Nkarta Inc (NKTX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NKTX has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 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 -0.36.
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Nkarta Inc (NASDAQ:NKTX) trade information
Nkarta Inc (NKTX) registered a 3.57% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.57% in intraday trading to $3.19, hitting a weekly high. The stock’s 5-day price performance is -4.20%, and it has moved by -18.21% in 30 days. Based on these gigs, the overall price performance for the year is 67.02%. The short interest in Nkarta Inc (NASDAQ:NKTX) is 10.42 million shares and it means that shorts have 18.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $16, which implies an increase of 80.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $36 respectively. As a result, NKTX is trading at a discount of -1028.53% off the target high and -370.22% 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 -56.89% during the last six months, with a year-to-date growth rate more than the industry average at 20.00% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 30.80% this quarter and then jump 31.60% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -209.81%. While earnings are projected to return 32.57% in 2024.
NKTX Dividends
Nkarta Inc is due to release its next quarterly earnings on 2024-Nov-07. 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 4.87% of total outstanding shares while institutional holders control 95.79%, with the float percentage being 100.69%. RA CAPITAL MANAGEMENT, L.P. is the largest shareholder of the company, while 162.0 institutions own stock in it. As of 2024-06-30, the company held over 10.81 million shares (or 14.702% of all shares), a total value of $63.86 million in shares.
The next largest institutional holding, with 4.06 million shares, is of BLACKROCK INC.’s that is approximately 8.0094% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $23.99 million.
