Nkarta Inc’s recent filing unveils that its Chief Legal Officer Hager Alicia J. unloaded Company’s shares for reported $27168.0 on Jul 16 ’24. In the deal valued at $8.00 per share,3,396 shares were sold. As a result of this transaction, Hager Alicia J. now holds 103,819 shares worth roughly $0.27 million.
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Then, Trager James sold 456 shares, generating $2,554 in total proceeds. Upon selling the shares at $5.60, the Chief Scientific Officer now owns 150,959 shares.
Before that, HASTINGS PAUL J sold 1,770 shares. Nkarta Inc shares valued at $9,912 were divested by the Chief Executive Officer at a price of $5.60 per share. As a result of the transaction, HASTINGS PAUL J now holds 240,737 shares, worth roughly $0.63 million.
Rodman & Renshaw initiated its Nkarta Inc [NKTX] rating to a Buy in a research note published on October 09, 2024; the price target was $14. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid August from “an Outperform” to “a Strong buy”. Raymond James also remained covering NKTX and has decreased its forecast on March 22, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Oppenheimer revised its rating on December 22, 2022. It rated NKTX as “a Perform” which previously was an “an Outperform”.
Price Performance Review of NKTX
On Tuesday, Nkarta Inc [NASDAQ:NKTX] saw its stock jump 0.77% to $2.61. Over the last five days, the stock has gained 5.24%. Nkarta Inc shares have fallen nearly -60.45% since the year began. Nevertheless, the stocks have risen 3.16% over the past one year. While a 52-week high of $16.24 was reached on 03/07/24, a 52-week low of $2.38 was recorded on 11/19/24. SMA at 50 days reached $3.68, while 200 days put it at $6.62.
Levels Of Support And Resistance For NKTX Stock
The 24-hour chart illustrates a support level at 2.54, which if violated will result in even more drops to 2.46. On the upside, there is a resistance level at 2.68. A further resistance level may holdings at 2.74. The Relative Strength Index (RSI) on the 14-day chart is 33.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.91%. Stochastics %K at 11.89% indicates the stock is a buying.
How much short interest is there in Nkarta Inc?
A steep rise in short interest was recorded in Nkarta Inc stocks on 2024-11-15, dropping by -3.65 million shares to a total of 6.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.42 million shares. There was a decline of -53.87%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 10, 2022 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
