Nkarta Inc (NASDAQ:NKTX) shares, rose in value, with the stock price up by 3.43% to the previous day’s close as strong demand from buyers drove the stock to $1.81.
Actively observing the price movement in the last trading, the stock closed the session at $1.75, falling within a range of $1.715 and $1.825. The value of beta (5-year monthly) was 0.839. Referring to stock’s 52-week performance, its high was $8.33, and the low was $1.31. On the whole, NKTX has fluctuated by 19.08% over the past month.
With the market capitalization of Nkarta Inc currently standing at about $128.43 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-25.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NKTX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NKTX currently trading nearly 8.17% and 0.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.83, while the 7-day volatility ratio is showing 7.39% which for the 30-day chart, stands at 10.25%. Furthermore, Nkarta Inc (NKTX)’s beta value is 0.83, and its average true range (ATR) is 0.16.
A comparison of Nkarta Inc (NKTX) with its peers suggests the former has fared considerably weaker in the market. NKTX showed an intraday change of 3.43% in last session, and over the past year, it shrunk by -76.77%%.
Data on historical trading for Nkarta Inc (NASDAQ:NKTX) indicates that the trading volumes over the past 10 days have averaged 0.96 and over the past 3 months, they’ve averaged 1.47 million. According to company’s latest data on outstanding shares, there are 70.65 million shares outstanding.
Nearly 29.54% of Nkarta Inc’s shares belong to company insiders and institutional investors own 80.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.85 million shares as on 2025-03-31, resulting in a short ratio of 3.4. According to the data, the short interest in Nkarta Inc (NKTX) stood at 1464.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 9.87 million. The stock has fallen by -27.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NKTX stock heading into the next quarter.
