In the last trading session, 1.96 million shares of the Nkarta Inc (NASDAQ:NKTX) were traded, and its beta was 0.83. Most recently the company’s share price was $2.58, and it changed around -$0.06 or -2.27% from the last close, which brings the market valuation of the company to $177.93M. NKTX currently trades at a discount to its 52-week high of $16.24, offering almost -529.46% off that amount. The share price’s 52-week low was $2.38, which indicates that the current value has risen by an impressive 7.75% since then. We note from Nkarta Inc’s average daily trading volume that its 10-day average is 1.63 million shares, with the 3-month average coming to 902.15K.
Nkarta Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended NKTX as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Nkarta Inc is expected to report earnings per share of -0.4 for the current quarter.
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Nkarta Inc (NASDAQ:NKTX) trade information
Instantly NKTX has showed a red trend with a performance of -2.27% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.16 on recent trading dayincreased the stock’s daily price by 18.35%. The company’s shares are currently down -60.91% year-to-date, but still down -10.10% over the last five days. On the other hand, Nkarta Inc (NASDAQ:NKTX) is -22.99% down in the 30-day period. We can see from the shorts that 6.77 million shares have been sold at a short interest cover period of 7.05 day(s).
The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 83.88% from its current value. Analyst projections state that NKTX is forecast to be at a low of $15 and a high of $36.
Nkarta Inc (NKTX) estimates and forecasts
Nkarta Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -60.91 percent over the past six months and at a 19.17% annual growth rate that is well above the industry average of 17.10%.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -209.81%.
NKTX Dividends
Nkarta Inc’s next quarterly earnings report is expected to be released in January.
Nkarta Inc (NASDAQ:NKTX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.87% of Nkarta Inc shares, and 100.01% of them are in the hands of institutional investors. The stock currently has a share float of 105.12%. Nkarta Inc stock is held by 168.0 institutions, with RA CAPITAL MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 14.702% of the shares, which is about 10.81 million shares worth $63.86 million.
BLACKROCK INC., with 8.0094% or 4.06 million shares worth $23.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
