Nkarta Inc (NASDAQ:NKTX) price on Friday, May 02, rose 1.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.09.
A look at the stock’s price movement, the close in the last trading session was $2.05, moving within a range at $2.05 and $2.12. The beta value (5-Year monthly) was 0.839. Turning to its 52-week performance, $8.33 and $1.31 were the 52-week high and 52-week low respectively. Overall, NKTX moved 9.42% over the past month.
Nkarta Inc’s market cap currently stands at around $148.30 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-25.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NKTX is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 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 0 analyst(s) rate the stock as a Hold, 8 recommend NKTX 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.
NKTX’s current price about 12.59% and 17.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.29, while 7-day volatility ratio is 7.62% and 8.57% in the 30-day chart. Further, Nkarta Inc (NKTX) has a beta value of 0.81, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $15 and high of $36. Looking at the price targets, the low is -617.7% off current price level while to achieve the yearly target high, price needs to move -1622.49%. Nonetheless, investors will most likely welcome a -665.55% jump to $16 which is the analysts’ median price.
If we refocus on Nkarta Inc (NASDAQ:NKTX), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 1.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 70.65 million shares.
The 29.54% of Nkarta Inc’s shares are in the hands of company insiders while institutional holders own 81.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.2 million on 2025-04-15, giving us a short ratio of 3.07. The data shows that as of 2025-04-15 short interest in Nkarta Inc (NKTX) stood at 1344.0 of shares outstanding, with shares short falling to 9.4 million registered in 2025-03-14. Current price change has pushed the stock -16.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NKTX stock continues to rise going into the next quarter.
