Nektar Therapeutics (NKTR) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $103.07, down from yesterday’s close by -4.86%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Nektar Therapeutics (NKTR) currently trades with a market capitalization of $16.24 Billion. That value represents a market adjusting for revenues that have been growing by 154.90 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$62.36 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.5 on a per share basis this quarter. Perhaps, that suggests something about why 1.89% of the outstanding share supply is held by institutional investors.
Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Nektar Therapeutics recorded a 52-week high of $109.32. It is now trading 6.25% off that level. The stock is trading $79.96 its 50-day moving average by -23.11%. The stock carved out a 52-week low down at $14.96.
In recent action, Nektar Therapeutics (NKTR) has made a move of +38.09% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.79% with $155.90 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NKTR.