Nektar Therapeutics (NASDAQ:NKTR) has a beta value of 0.60 and has seen 2.53 million shares traded in the last trading session. The company, currently valued at $219.51M, closed the last trade at $1.19 per share which meant it gained $0.02 on the day or 1.71% during that session. The NKTR stock price is -62.18% off its 52-week high price of $1.93 and 59.66% above the 52-week low of $0.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.44 million shares traded. The 3-month trading volume is 1.80 million shares.
The consensus among analysts is that Nektar Therapeutics (NKTR) is Buy stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Nektar Therapeutics (NASDAQ:NKTR) trade information
Sporting 1.71% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NKTR stock price touched $1.19 or saw a rise of 4.8%. Year-to-date, Nektar Therapeutics shares have moved 27.96%, while the 5-day performance has seen it change 26.06%. Over the past 30 days, the shares of Nektar Therapeutics (NASDAQ:NKTR) have changed 16.67%. Short interest in the company has seen 4.4 million shares shorted with days to cover at 1.92.
Wall Street analysts have a consensus price target for the stock at $18.5, which means that the shares’ value could jump 93.57% from current levels. The projected low price target is $6.0 while the price target rests at a high of $24.0. In that case, then, we find that the current price level is -1916.81% off the targeted high while a plunge would see the stock gain -404.2% from current levels.
Nektar Therapeutics (NKTR) estimates and forecasts
Figures show that Nektar Therapeutics shares have outperformed across the wider relevant industry. The company’s shares have lost -3.25% over the past 6 months, with this year growth rate of 51.03%, compared to 16.70% for the industry.
Earnings growth for 2025 is a modest 51.45% while over the next 5 years, the company’s earnings are expected to decrease by -7.30%.
NKTR Dividends
Nektar Therapeutics is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nektar Therapeutics (NASDAQ:NKTR)’s Major holders
Insiders own 1.30% of the company shares, while shares held by institutions stand at 76.58% with a share float percentage of 77.59%. Investors are also buoyed by the number of investors in a company, with Nektar Therapeutics having a total of 174.0 institutions that hold shares in the company. The top two institutional holders are DEEP TRACK CAPITAL, LP with over 17.88 million shares worth more than $22.17 million. As of 2024-06-30, DEEP TRACK CAPITAL, LP held 9.1789% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 15.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $18.79 million and represent 7.7823% of shares outstanding.
