Nkarta Inc’s filing revealed that its insider Shook David unloaded Company’s shares for reported $19004.0 on Jan 15 ’25. In the deal valued at $2.20 per share,8,638 shares were sold. As a result of this transaction, Shook David now holds 190,955 shares worth roughly $0.45 million.
Then, Levin Alyssa sold 5,838 shares, generating $12,844 in total proceeds. Upon selling the shares at $2.20, the insider now owns 102,662 shares.
Before that, Brandenberger Ralph sold 7,447 shares. Nkarta Inc shares valued at $16,383 were divested by the Chief Technical Officer at a price of $2.20 per share. As a result of the transaction, Brandenberger Ralph now holds 124,796 shares, worth roughly $0.29 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 fall -2.89% to $2.35. Over the last five days, the stock has lost -3.69%. Nkarta Inc shares have fallen nearly -5.62% since the year began. Nevertheless, the stocks have fallen -73.60% over the past one year. While a 52-week high of $16.24 was reached on 01/02/25, a 52-week low of $2.08 was recorded on 01/15/25. SMA at 50 days reached $2.48, while 200 days put it at $4.87.
Levels Of Support And Resistance For NKTX Stock
The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.18. On the upside, there is a resistance level at 2.43. A further resistance level may holdings at 2.51. The Relative Strength Index (RSI) on the 14-day chart is 44.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.90%. Stochastics %K at 54.76% indicates the stock is a holding.
How much short interest is there in Nkarta Inc?
A steep rise in short interest was recorded in Nkarta Inc stocks on 2025-01-15, growing by 1.51 million shares to a total of 10.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.54 million shares. There was a rise of 14.99%, which implies that there is a positive 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.
