Nkarta Inc Stock Chance of Future Stock Price Finishing Over 5.7
| NKTX Stock | USD 2.45 0.01 0.41% |
Nkarta |
Nkarta Target Price Odds to finish over 5.7
The tendency of Nkarta Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 5.70 or more in 90 days |
| 2.45 | 90 days | 5.70 | about 9.07 |
Based on a normal probability distribution, the odds of Nkarta to move over $ 5.70 or more in 90 days from now is about 9.07 (This Nkarta Inc probability density function shows the probability of Nkarta Stock to fall within a particular range of prices over 90 days) . Probability of Nkarta Inc price to stay between its current price of $ 2.45 and $ 5.70 at the end of the 90-day period is about 87.24 .
Given the investment horizon of 90 days Nkarta Inc has a beta of -0.57. This indicates as returns on the benchmark increase, returns on holding Nkarta are expected to decrease at a much lower rate. During a bear market, however, Nkarta Inc is likely to outperform the market. Additionally Nkarta Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nkarta Price Density |
| Price |
Predictive Modules for Nkarta
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nkarta Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nkarta's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nkarta Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nkarta is not an exception. The market had few large corrections towards the Nkarta's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nkarta Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nkarta within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.92 | |
β | Beta against Dow Jones | -0.57 | |
σ | Overall volatility | 1.04 | |
Ir | Information ratio | -0.22 |
Nkarta Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nkarta for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nkarta Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nkarta Inc generated a negative expected return over the last 90 days | |
| Nkarta Inc has high historical volatility and very poor performance | |
| Nkarta Inc has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (117.5 M) with loss before overhead, payroll, taxes, and interest of (36.22 M). | |
| Nkarta Inc currently holds about 412.95 M in cash with (86.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.49, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Nkarta Inc has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: NKTX stock touches 52-week low at 2.44 amid market fluctuations - Investing.com UK |
Nkarta Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nkarta Stock often depends not only on the future outlook of the current and potential Nkarta's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nkarta's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49 M | |
| Cash And Short Term Investments | 248.2 M |
Nkarta Technical Analysis
Nkarta's future price can be derived by breaking down and analyzing its technical indicators over time. Nkarta Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nkarta Inc. In general, you should focus on analyzing Nkarta Stock price patterns and their correlations with different microeconomic environments and drivers.
Nkarta Predictive Forecast Models
Nkarta's time-series forecasting models is one of many Nkarta's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nkarta's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nkarta Inc
Checking the ongoing alerts about Nkarta for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nkarta Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nkarta Inc generated a negative expected return over the last 90 days | |
| Nkarta Inc has high historical volatility and very poor performance | |
| Nkarta Inc has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (117.5 M) with loss before overhead, payroll, taxes, and interest of (36.22 M). | |
| Nkarta Inc currently holds about 412.95 M in cash with (86.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.49, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Nkarta Inc has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: NKTX stock touches 52-week low at 2.44 amid market fluctuations - Investing.com UK |
Additional Tools for Nkarta Stock Analysis
When running Nkarta's price analysis, check to measure Nkarta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nkarta is operating at the current time. Most of Nkarta's value examination focuses on studying past and present price action to predict the probability of Nkarta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nkarta's price. Additionally, you may evaluate how the addition of Nkarta to your portfolios can decrease your overall portfolio volatility.