Nektar Therapeutics (NASDAQ:NKTR) went down by -5.84% from its latest closing price compared to the recent 1-year high of $19.37. The company’s stock price has collected -11.04% of loss in the last five trading sessions. The Wall Street Journal reported on 05/11/22 that This Biotech Flew High, Then Fell Hard When Its Cancer Drug Failed
Is It Worth Investing in Nektar Therapeutics (NASDAQ :NKTR) Right Now?
Plus, the 36-month beta value for NKTR is at 1.18. Opinions of the stock are interesting as 0 analysts out of 9 who provided ratings for Nektar Therapeutics declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 2 as “sell.”
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The average price from analysts is $4.45, which is $0.68 above the current price. NKTR currently public float of 185.32M and currently shorts hold a 10.18% ratio of that float. Today, the average trading volume of NKTR was 2.98M shares.
NKTR’s Market Performance
NKTR stocks went down by -11.04% for the week, with a monthly jump of 6.90% and a quarterly performance of 15.80%, while its annual performance rate touched -73.40%. The volatility ratio for the week stands at 5.78% while the volatility levels for the past 30 days are set at 6.14% for Nektar Therapeutics. The simple moving average for the period of the last 20 days is -13.43% for NKTR stocks with a simple moving average of -46.16% for the last 200 days.
Analysts’ Opinion of NKTR
Jefferies, on the other hand, stated in their research note that they expect to see NKTR reach a price target of $4, previously predicting the price at $12. The rating they have provided for NKTR stocks is “Hold” according to the report published on May 31st, 2022.
Goldman gave a rating of “Sell” to NKTR, setting the target price at $3 in the report published on April 18th of the current year.
NKTR Trading at -2.99% from the 50-Day Moving Average
After a stumble in the market that brought NKTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.19% of loss for the given period.
Volatility was left at 6.14%, however, over the last 30 days, the volatility rate increased by 5.78%. Over the last 50 days, in opposition, the stock is trading +16.14% upper at present.
During the last 5 trading sessions, NKTR fell by -11.04%, which changed the moving average for the period of 200-days by -70.26% in comparison to the 20-day moving average, which settled at $4.65. In addition, Nektar Therapeutics saw -70.17% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at NKTR starting from Zalevsky Jonathan, who sale 73,716 shares at the price of $4.65 back on Aug 18. After this action, Zalevsky Jonathan now owns 327,123 shares of Nektar Therapeutics, valued at $342,779 using the latest closing price.
Thomsen Jillian B., the SVP & Chief Accounting Officer of Nektar Therapeutics, sale 2,006 shares at $4.76 during a trade that took place back on Aug 16, which means that Thomsen Jillian B. is holding 334,859 shares at $9,549 based on the most recent closing price.
Stock Fundamentals for NKTR
Current profitability levels for the company are sitting at:
- -437.76 for the present operating margin
- +65.93 for the gross margin
The net margin for Nektar Therapeutics stands at -514.03. Equity return is now at value -82.40, with -49.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 9.34.