Wednesday, September 23, 2020

Nektar Therapeutics [NKTR] stock Initiated by JP Morgan analyst, price target now $26

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Nektar Therapeutics [NASDAQ: NKTR] price surged by 4.94 percent to reach at $0.93.

A sum of 1400215 shares traded at recent session while its average daily volume was at 892.51K shares. Nektar Therapeutics shares reached a high of $19.86 and dropped to a low of $19.01 until finishing in the latest session at $19.75.

The one-year NKTR stock forecast points to a potential upside of 37.02. The average equity rating for NKTR stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Nektar Therapeutics [NKTR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NKTR shares is $31.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NKTR stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Nektar Therapeutics shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 14, 2020. The new note on the price target was released on June 10, 2020, representing the official price target for Nektar Therapeutics stock. Previously, the target price had yet another drop from $32 to $26, while H.C. Wainwright kept a Neutral rating on NKTR stock.

The Average True Range (ATR) for Nektar Therapeutics is set at 0.68, with the Price to Sales ratio for NKTR stock in the period of the last 12 months amounting to 21.74. The Price to Book ratio for the last quarter was 2.81, with the Price to Cash per share for the same quarter was set at 5.80.

NKTR Stock Performance Analysis:

Nektar Therapeutics [NKTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.39. With this latest performance, NKTR shares dropped by -1.50% in over the last four-week period, additionally plugging by 36.49% over the last 6 months – not to mention a drop of -1.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NKTR stock in for the last two-week period is set at 48.05, with the RSI for the last a single of trading hit 59.61, and the three-weeks RSI is set at 45.76 for Nektar Therapeutics [NKTR]. The present Moving Average for the last 50 days of trading for this stock 21.40, while it was recorded at 18.94 for the last single week of trading, and 20.97 for the last 200 days.

Insight into Nektar Therapeutics Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Nektar Therapeutics [NKTR] shares currently have an operating margin of -383.92 and a Gross Margin at +74.25. Nektar Therapeutics’s Net Margin is presently recorded at -384.47.

Return on Total Capital for NKTR is now -22.67, given the latest momentum, and Return on Invested Capital for the company is -24.34. Return on Equity for this stock declined to -28.22, with Return on Assets sitting at -21.35. When it comes to the capital structure of this company, Nektar Therapeutics [NKTR] has a Total Debt to Total Equity ratio set at 32.08. Additionally, NKTR Total Debt to Total Capital is recorded at 24.29, with Total Debt to Total Assets ending up at 22.80. Long-Term Debt to Equity for the company is recorded at 13.50, with the Long-Term Debt to Total Capital now at 10.22.

Reflecting on the efficiency of the workforce at the company, Nektar Therapeutics [NKTR] managed to generate an average of -$609,498 per employee. Receivables Turnover for the company is 2.86 with a Total Asset Turnover recorded at a value of 0.06.Nektar Therapeutics’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.20 and a Current Ratio set at 9.30.


With the latest financial reports released by the company, Nektar Therapeutics posted -0.56/share EPS, while the average EPS was predicted by analysts to be reported at -0.73/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 23.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NKTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nektar Therapeutics go to -7.30%.

Nektar Therapeutics [NKTR] Insider Position Details

There are presently around $3,462 million, or 98.90% of NKTR stock, in the hands of institutional investors. The top three institutional holders of NKTR stocks are: INVESCO LTD. with ownership of 33,180,644, which is approximately -2.184% of the company’s market cap and around 1.00% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 19,406,599 shares of the stock with an approximate value of $383.28 million in NKTR stocks shares; and FMR LLC, currently with $378.83 million in NKTR stock with ownership of nearly -1.71% of the company’s market capitalization.

Positions in Nektar Therapeutics stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 124 institutional holders increased their position in Nektar Therapeutics [NASDAQ:NKTR] by around 5,118,239 shares. Additionally, 120 investors decreased positions by around 7,245,841 shares, while 44 investors held positions by with 162,942,940 shares. The mentioned changes placed institutional holdings at 175,307,020 shares, according to the latest SEC report filing. NKTR stock had 40 new institutional investments in for a total of 1,329,280 shares, while 25 institutional investors sold positions of 275,946 shares during the same period.

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