Nektar Therapeutics (NASDAQ:NKTR) price on Wednesday, February 05, fall -2.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.76.
A look at the stock’s price movement, the close in the last trading session was $0.78, moving within a range at $0.7211 and $0.8109. The beta value (5-Year monthly) was 0.61. Turning to its 52-week performance, $1.93 and $0.54 were the 52-week high and 52-week low respectively. Overall, NKTR moved -30.91% over the past month.
Nektar Therapeutics’s market cap currently stands at around $140.19 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 36.65M for the company’s revenue for the quarter, with a low and high estimate of 17.58M and 91M respectively. The average forecast suggests up to a 53.46% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 105.92M, representing a 17.53% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NKTR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend NKTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NKTR’s current price about -15.98% and -21.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.58, while 7-day volatility ratio is 7.62% and 7.80% in the 30-day chart. Further, Nektar Therapeutics (NKTR) has a beta value of 0.67, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $18.5, forecast between a low of $6 and high of $24. Looking at the price targets, the low is -689.47% off current price level while to achieve the yearly target high, price needs to move -3057.89%. Nonetheless, investors will most likely welcome a -2334.21% jump to $18.5 which is the analysts’ median price.
If we refocus on Nektar Therapeutics (NASDAQ:NKTR), historical trading data shows that trading volumes averaged 1.19 over the past 10 days and 1.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 184.46 million shares.
The 3.64% of Nektar Therapeutics’s shares are in the hands of company insiders while institutional holders own 74.36% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.72 million on 2025-01-15, giving us a short ratio of 3.09. The data shows that as of 2025-01-15 short interest in Nektar Therapeutics (NKTR) stood at 327.0 of shares outstanding, with shares short rising to 4.4 million registered in 2024-12-13. Current price change has pushed the stock -18.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NKTR stock continues to rise going into the next quarter.
