Nkarta Inc (NASDAQ: NKTX) is -62.12% lower on its value in year-to-date trading and has touched a low of $2.38 and a high of $16.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NKTX stock was last observed hovering at around $2.48 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $2.50, the stock is -19.07% and -36.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.81% at the moment leaves the stock -63.16% off its SMA200. NKTX registered -4.40% loss for a year compared to 6-month loss of -64.03%. The firm has a 50-day simple moving average (SMA 50) of $4.0014 and a 200-day simple moving average (SMA200) of $6.82475.
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The stock witnessed a -39.90% gain in the last 1 month and extending the period to 3 months gives it a -51.46%, and is -14.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.32% over the week and 9.09% over the month.
Nkarta Inc (NKTX) has around 150 employees, a market worth around $176.42M and $0.00M in sales. Distance from 52-week low is 5.04% and -84.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.71%).
The EPS is expected to grow by 25.06% this year
167.0 institutions hold shares in Nkarta Inc (NKTX), with institutional investors hold 103.88% of the company’s shares. The shares outstanding are 49.18M, and float is at 46.00M with Short Float at 20.80%. Institutions hold 98.82% of the Float.
The top institutional shareholder in the company is RA CAPITAL MANAGEMENT, L.P. with over 10.81 million shares valued at $63.86 million. The investor’s holdings represent 14.702 of the NKTX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.06 million shares valued at $23.99 million to account for 8.0094 of the shares outstanding. The other top investors are BOXER CAPITAL, LLC which holds 5.61 million shares representing 7.6296 and valued at over $33.14 million, while COMMODORE CAPITAL LP holds 5.6481 of the shares totaling 4.15 million with a market value of $24.53 million.
Nkarta Inc (NKTX) Insider Activity
The most recent transaction is an insider sale by Hager Alicia J., the company’s Chief Legal Officer. SEC filings show that Hager Alicia J. sold 3,396 shares of the company’s common stock on Jul 16 ’24 at a price of $8.00 per share for a total of $27168.0. Following the sale, the insider now owns 0.1 million shares.
Nkarta Inc disclosed in a document filed with the SEC on Jun 18 ’24 that Trager James (Chief Scientific Officer) sold a total of 456 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $5.60 per share for $2554.0. Following the transaction, the insider now directly holds 0.15 million shares of the NKTX stock.
Still, SEC filings show that on Jun 18 ’24, HASTINGS PAUL J (Chief Executive Officer) disposed off 1,770 shares at an average price of $5.60 for $9912.0. The insider now directly holds 240,737 shares of Nkarta Inc (NKTX).
