In the last trading session, 1.18 million Nkarta Inc (NASDAQ:NKTX) shares changed hands as the company’s beta touched 0.85. With the company’s per share price at $2.87 changed hands at -$0.12 or -4.01% during last session, the market valuation stood at $194.40M. NKTX’s last price was a discount, traded about -465.85% off its 52-week high of $16.24. The share price had its 52-week low at $2.38, which suggests the last value was 17.07% up since then. When we look at Nkarta Inc’s average trading volume, we note the 10-day average is 1.42 million shares, with the 3-month average coming to 831.05K.
Analysts gave the Nkarta Inc (NKTX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NKTX as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight.
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Nkarta Inc (NASDAQ:NKTX) trade information
Instantly NKTX was in red as seen at the end of in last trading. With action 17.62%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -56.52%, with the 5-day performance at 17.62% in the green. However, in the 30-day time frame, Nkarta Inc (NASDAQ:NKTX) is -13.81% down. Looking at the short shares, we see there were 6.77 million shares sold at short interest cover period of 7.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need an upside of 82.06% from its current market value. According to analyst projections, NKTX’s forecast low is 15 with 36 as the target high. To hit the forecast high, the stock’s price needs a -1154.36% plunge from its current level, while the stock would need to soar -422.65% for it to hit the projected low.
Nkarta Inc (NKTX) estimates and forecasts
Data shows that the Nkarta Inc 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 -57.73% over the past 6 months, a 19.17% in annual growth rate that is considerably higher than the industry average of 17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -209.81%. The 2024 estimates are for Nkarta Inc earnings to increase by 25.06%.
NKTX Dividends
Nkarta Inc is expected to release its next quarterly earnings report in January.
Nkarta Inc (NASDAQ:NKTX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.87% of Nkarta Inc shares while 98.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.88%. There are 98.82% institutions holding the Nkarta Inc stock share, with RA CAPITAL MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 14.702% of the shares, roughly 10.81 million NKTX shares worth $63.86 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.0094% or 4.06 million shares worth $23.99 million as of 2024-06-30.
