Nektar Therapeutics [NASDAQ: NKTR] loss -7.90% or -0.08 points to close at $0.86 with a heavy trading volume of 2682623 shares. The company report on April 17, 2023 at 5:00 PM that Nektar Therapeutics Announces Strategic Reprioritization and Cost Restructuring Plan.
— Pipeline focus will prioritize programs in immunology, including REZPEG and several immunology research programs –.
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— Development of NKTR-255 in diffuse large B-cell lymphoma and bladder cancer to continue as strategic partnering options are pursued –.
It opened the trading session at $0.93, the shares rose to $0.9328 and dropped to $0.8501, the range by which the price of stock traded the whole day. The daily chart for NKTR points out that the company has recorded -76.41% loss over the past six months. However, it is still -43.33% lower than its most recent low trading price.
If we look at the average trading volume of 4.91M shares, NKTR reached to a volume of 2682623 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $2.93 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 3.50. 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.
Jefferies have made an estimate for Nektar Therapeutics shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on February 24, 2023. The new note on the price target was released on August 08, 2022, representing the official price target for Nektar Therapeutics stock. Previously, the target price had yet another drop from $12 to $4, while Jefferies kept a Hold rating on NKTR stock.
The Average True Range (ATR) for Nektar Therapeutics is set at 0.11, with the Price to Sales ratio for NKTR stock in the period of the last 12 months amounting to 1.97. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 2.40.
Trading performance analysis for NKTR stock
Nektar Therapeutics [NKTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.39. With this latest performance, NKTR shares dropped by -1.41% in over the last four-week period, additionally sinking by -76.41% over the last 6 months – not to mention a drop of -81.40% 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 40.81, with the RSI for the last a single of trading hit 44.53, and the three-weeks RSI is set at 38.12 for Nektar Therapeutics [NKTR]. The present Moving Average for the last 50 days of trading for this stock 1.4590, while it was recorded at 0.9264 for the last single week of trading, and 2.9290 for the last 200 days.
Nektar Therapeutics [NKTR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Nektar Therapeutics [NKTR] shares currently have an operating margin of -260.97 and a Gross Margin at +68.35. Nektar Therapeutics’s Net Margin is presently recorded at -399.98.
Return on Total Capital for NKTR is now -30.12, given the latest momentum, and Return on Invested Capital for the company is -47.23. Return on Equity for this stock declined to -70.39, with Return on Assets sitting at -40.29. When it comes to the capital structure of this company, Nektar Therapeutics [NKTR] has a Total Debt to Total Equity ratio set at 70.36. Additionally, NKTR Total Debt to Total Capital is recorded at 41.30, with Total Debt to Total Assets ending up at 36.30. Long-Term Debt to Equity for the company is recorded at 65.27, with the Long-Term Debt to Total Capital now at 38.31.
Reflecting on the efficiency of the workforce at the company, Nektar Therapeutics [NKTR] managed to generate an average of -$1,704,620 per employee. Receivables Turnover for the company is 6.16 with a Total Asset Turnover recorded at a value of 0.10.Nektar Therapeutics’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.70 and a Current Ratio set at 8.00.
Nektar Therapeutics [NKTR]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Nektar Therapeutics [NKTR]
There are presently around $158 million, or 94.80% of NKTR stock, in the hands of institutional investors. The top three institutional holders of NKTR stocks are: INVESCO LTD. with ownership of 37,327,473, which is approximately 0.171% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 35,930,715 shares of the stock with an approximate value of $33.59 million in NKTR stocks shares; and VANGUARD GROUP INC, currently with $21.57 million in NKTR stock with ownership of nearly -0.428% of the company’s market capitalization.
Positions in Nektar Therapeutics stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 91 institutional holders increased their position in Nektar Therapeutics [NASDAQ:NKTR] by around 12,805,584 shares. Additionally, 112 investors decreased positions by around 19,718,023 shares, while 48 investors held positions by with 136,397,733 shares. The mentioned changes placed institutional holdings at 168,921,340 shares, according to the latest SEC report filing. NKTR stock had 27 new institutional investments in for a total of 1,573,034 shares, while 38 institutional investors sold positions of 13,319,293 shares during the same period.