Nkarta Inc [NASDAQ: NKTX] closed the trading session at $2.49.
The stocks have a year to date performance of -62.27 percent and weekly performance of -7.78 percent. The stock has been moved at -61.69 percent over the last six months. The stock has performed -21.94 percent around the most recent 30 days and changed -61.21 percent over the most recent 3-months.
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If compared to the average trading volume of 950.13K shares, NKTX reached to a volume of 8075908 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Nkarta Inc [NKTX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NKTX shares is $16.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NKTX stock is a recommendation set at 1.00. 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.
Rodman & Renshaw have made an estimate for Nkarta Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 09, 2024. The new note on the price target was released on August 14, 2024, representing the official price target for Nkarta Inc stock. Previously, the target price had yet another raise from $13 to $16, while Raymond James kept a Outperform rating on NKTX stock.
The Average True Range (ATR) for Nkarta Inc is set at 0.26 The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 4.01.
NKTX stock trade performance evaluation
Nkarta Inc [NKTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.78. With this latest performance, NKTX shares dropped by -21.94% in over the last four-week period, additionally sinking by -61.69% over the last 6 months – not to mention a drop of -8.79% 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 NKTX stock in for the last two-week period is set at 37.09, with the RSI for the last a single of trading hit 36.85, and the three-weeks RSI is set at 37.06 for Nkarta Inc [NKTX]. The present Moving Average for the last 50 days of trading for this stock 3.29, while it was recorded at 2.58 for the last single week of trading, and 6.28 for the last 200 days.
Nkarta Inc [NKTX]: An insightful look at the core fundamentals
Nkarta Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.91 and a Current Ratio set at 12.91.
Nkarta Inc [NKTX]: Institutional Ownership
There are presently around $100.01%, or 105.12%% of NKTX stock, in the hands of institutional investors. The top three institutional holders of NKTX stocks are: RA CAPITAL MANAGEMENT, L.P. with ownership of 10.81 million shares, which is approximately 14.702%. BLACKROCK INC., holding 4.06 million shares of the stock with an approximate value of $$23.99 million in NKTX stocks shares; and BLACKROCK INC., currently with $$33.14 million in NKTX stock with ownership which is approximately 7.6296%.
