Nkarta Inc Stock Short Ratio
| NKTX Stock | USD 2.61 0.02 0.77% |
Nkarta Inc fundamentals help investors to digest information that contributes to Nkarta's financial success or failures. It also enables traders to predict the movement of Nkarta Stock. The fundamental analysis module provides a way to measure Nkarta's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nkarta stock.
Nkarta | Short Ratio |
Nkarta Inc Company Short Ratio Analysis
Nkarta's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Nkarta Short Ratio | 12.64 X |
Most of Nkarta's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nkarta Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nkarta Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Nkarta is extremely important. It helps to project a fair market value of Nkarta Stock properly, considering its historical fundamentals such as Short Ratio. Since Nkarta's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nkarta's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nkarta's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Nkarta Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Nkarta Inc has a Short Ratio of 12.64 times. This is 224.1% higher than that of the Biotechnology sector and 70.58% higher than that of the Health Care industry. The short ratio for all United States stocks is notably lower than that of the firm.
Nkarta Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nkarta's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nkarta could also be used in its relative valuation, which is a method of valuing Nkarta by comparing valuation metrics of similar companies.Nkarta is currently under evaluation in short ratio category among its peers.
Nkarta Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nkarta from analyzing Nkarta's financial statements. These drivers represent accounts that assess Nkarta's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nkarta's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 430.3M | 2.0B | 504.4M | 261.4M | 300.6M | 285.5M | |
| Enterprise Value | 417.0M | 1.9B | 456.0M | 311.0M | 357.7M | 339.8M |
Nkarta ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nkarta's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nkarta's managers, analysts, and investors.Environmental | Governance | Social |
Nkarta Institutional Holders
Institutional Holdings refers to the ownership stake in Nkarta that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nkarta's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nkarta's value.| Shares | Wasatch Advisors Lp | 2024-09-30 | 1.8 M | Ameriprise Financial Inc | 2024-06-30 | 1.2 M | Geode Capital Management, Llc | 2024-09-30 | 1.2 M | Alyeska Investment Group, L.p. | 2024-09-30 | 1.1 M | State Street Corp | 2024-06-30 | 1.1 M | Renaissance Technologies Corp | 2024-09-30 | 884.3 K | Orbimed Advisors, Llc | 2024-06-30 | 800 K | T. Rowe Price Investment Management,inc. | 2024-09-30 | 792.8 K | Superstring Capital Management Lp | 2024-09-30 | 740.3 K | Ra Capital Management, Llc | 2024-09-30 | 10.8 M | Commodore Capital Lp | 2024-09-30 | 4.7 M |
Nkarta Fundamentals
| Return On Equity | -0.3 | ||||
| Return On Asset | -0.17 | ||||
| Current Valuation | (24.71 M) | ||||
| Shares Outstanding | 70.57 M | ||||
| Shares Owned By Insiders | 4.86 % | ||||
| Shares Owned By Institutions | 98.82 % | ||||
| Number Of Shares Shorted | 9.57 M | ||||
| Price To Book | 0.40 X | ||||
| Price To Sales | 1,000,000 X | ||||
| Gross Profit | (36.22 M) | ||||
| EBITDA | (120.48 M) | ||||
| Net Income | (117.5 M) | ||||
| Cash And Equivalents | 412.95 M | ||||
| Cash Per Share | 8.49 X | ||||
| Total Debt | 88.34 M | ||||
| Debt To Equity | 0.17 % | ||||
| Current Ratio | 31.66 X | ||||
| Book Value Per Share | 6.11 X | ||||
| Cash Flow From Operations | (86.16 M) | ||||
| Short Ratio | 12.64 X | ||||
| Earnings Per Share | (1.83) X | ||||
| Target Price | 15.83 | ||||
| Number Of Employees | 159 | ||||
| Beta | 0.87 | ||||
| Market Capitalization | 182.77 M | ||||
| Total Asset | 378.88 M | ||||
| Retained Earnings | (435.43 M) | ||||
| Working Capital | 229.74 M | ||||
| Net Asset | 378.88 M |
About Nkarta Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nkarta Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nkarta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nkarta Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.