Nkarta Inc (NASDAQ: NKTX) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 70.57M common shares owned by the public and among those 46.00M shares have been available to trade.

The company’s stock has a 5-day price change of -7.78% and -61.21% over the past three months. NKTX shares are trading -62.27% year to date (YTD), with the 12-month market performance down to -8.79% lower. It has a 12-month low price of $2.38 and touched a high of $16.24 over the same period. NKTX has an average intraday trading volume of 950.13K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.46%, -24.36%, and -60.38% respectively.

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Institutional ownership of Nkarta Inc (NASDAQ: NKTX) shares accounts for 68.90% of the company’s 70.57M shares outstanding.

It has a market capitalization of $175.71M and a beta (3y monthly) value of 0.84. The earnings-per-share (ttm) stands at -$1.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.71% over the week and 9.41% over the month.

Earnings per share for the fiscal year are expected to increase by 25.06%, and 0.83% over the next financial year.

Looking at the support for the NKTX, a number of firms have released research notes about the stock. Rodman & Renshaw stated their Buy rating for the stock in a research note on October 09, 2024, with the firm’s price target at $14. Raymond James coverage for the Nkarta Inc (NKTX) stock in a research note released on August 14, 2024 offered a Strong Buy rating with a price target of $16. Canaccord Genuity on their part issued Buy rating on October 10, 2022.

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