In today’s recent session, 0.46 million shares of the Nkarta Inc (NASDAQ:NKTX) have been traded, and its beta is 0.85. Most recently the company’s share price was $1.78, and it changed around $0.07 or 4.39% from the last close, which brings the market valuation of the company to $126.66M. NKTX at last check was trading at a discount to its 52-week high of $8.53, offering almost -379.21% off that amount. The share price’s 52-week low was $1.31, which indicates that the recent value has risen by an impressive 26.4% since then. We note from Nkarta Inc’s average daily trading volume that its 10-day average is 1.04 million shares, with the 3-month average coming to 1.47 million.
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 -0.45 for the current quarter.
Nkarta Inc (NASDAQ:NKTX) trade information
Instantly NKTX has been showing a green trend so far today with a performance of 4.39% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.8000 on recent trading dayincreased the stock’s daily price by 1.11%. The company’s shares are currently down -28.31% year-to-date, but still up 13.69% over the last five days. On the other hand, Nkarta Inc (NASDAQ:NKTX) is 16.67% up in the 30-day period. We can see from the shorts that 7.85 million shares have been sold at a short interest cover period of 3.4 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 88.88% from its current value. Analyst projections state that NKTX is forecast to be at a low of $15 and a high of $36.
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 -19.86%. Nkarta Inc earnings are expected to increase by 14.51% in 2025, but the outlook is negative -2.11% per year for the next five years.
NKTX Dividends
Nkarta Inc’s next quarterly earnings report is expected to be released on 2025-Mar-25.
Nkarta Inc (NASDAQ:NKTX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.23% of Nkarta Inc shares, and 99.39% of them are in the hands of institutional investors. The stock currently has a share float of 104.88%. Nkarta Inc stock is held by 157.0 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.
BOXER CAPITAL, LLC, with 7.6296% or 5.61 million shares worth $33.14 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
WASATCH FUNDS TRUST-Wasatch Ultra Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 1.65 shares worth $2.98 million, making up 2.32% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 1.45 shares worth around $2.62 million, which represents about 2.05% of the total shares outstanding.
