Stocks of Nektar Therapeutics (NASDAQ:NKTR) traded higher last session on Wall Street, up 5.07% to $1.45.
NKTR stock price is now 15.55% away from the 50-day moving average and 26.63% away from the 200-day moving average. The market capitalization of the company currently stands at $266.92M.
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On June 28, 2024, Rodman & Renshaw recently initiated its ‘Buy’ rating on the stock quoting a target price of $2, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Zalevsky Jonathan, Chief R&D Officer sold 6,866 shares of the company’s stock on Aug 19 ’24. The stock was sold for $8,788 at an average price of $1.28. Upon completion of the transaction, the Chief R&D Officer now directly owns 250,804 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Chief Legal Officer Wilson Mark Andrew sold 5,651 shares of the business’s stock. A total of $7,233 was realized by selling the stock at an average price of $1.28. This leaves the insider owning 225,263 shares of the company worth $0.33 million. A total of 3.41% of the company’s stock is owned by insiders.
During the past 12 months, Nektar Therapeutics has had a low of $0.41 and a high of $1.93. As of last week, the company has a debt-to-equity ratio of 2.76, a current ratio of 5.15, and a quick ratio of 4.90. The fifty day moving average price for NKTR is $1.255 and a two-hundred day moving average price translates $1.1452 for the stock.
The latest earnings results from Nektar Therapeutics (NASDAQ: NKTR) was released for 2024-06-30. The net profit margin was -190.09% and return on equity was -128.02% for NKTR. The company reported revenue of $23.49 million for the quarter, compared to $20.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.59 percent.
