On Jan. 04, Nelson Sonja divested U.S. $534,938 in shares of NantKwest Inc.. The CFO sold 39,271 shares at a price per share of $13.62. The transaction decreased this specific insider’s holdings to 20,410 shares worth around $0.26 million at present.
Piper Sandler launched its NantKwest Inc. [NK] rating to the equivalent of an Overweight and assigned the price target of $18, in a research note dated July 08, 2020. That figure represents around a 28.72% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with Piper Sandler’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in early July. Meanwhile, Citigroup had lowered its rating on NK to “Sell” from the earlier “Neutral”, in a research note produced for clients May 31, 2019. In addition, there was an upgrade from Citigroup on November 30, 2018. The rater changed NK from “a Sell” to “a Neutral”.
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Is NantKwest Inc. [NASDAQ:NK] a Good Buy Right Now?
It should be noted that NK technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 56% Buy in the past month. Data from NantKwest Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 4.3 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 2.26 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.69 million shares.
NK Price Performance
On Wall Street, NantKwest Inc. [NASDAQ:NK] finished Wednesday’s session down -0.54% at $12.83. The stock went up to $13.43 at the same session while its lowest single day price was $12.50. In the last five days, it saw a fall of about -4.11%, NantKwest Inc. shares dropped by almost -3.75% since the beginning of the year. However, the share price has dropped to as low as -33.76% below its one year high. On 01/04/21, the company shares recorded $14.96, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $12.50. The company’s shares have inclined by 267.62% in the past year. The 50-day SMA achieved is $10.25 while the 200-day SMA is $8.34. Volume dropped to 1.39 million from 1.52 million in the previous session.
NantKwest Inc. [NK] Valuation Measures
Notably, NantKwest Inc. [NK] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 15160.14 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 20.33.
NK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 12.41 level, and in case of violation of this particular level, it will cause more drop to 11.99 level. On the upper level, 13.85 is still the key resistance. The stock may increase to the subsequent resistance at 13.34. The Relative Strength Index (RSI) pinned on the 14-day chart is 52.08, implying a neutral technical stance while the MACD stands at -0.69, meaning price will decrease in the next trading period. Percent R indicator moved to 71.40%, implying bearish price movement. Stochastic %K at 32.13% suggest holding the stock.
What is the short interest in NantKwest Inc.?
Short interest in the NantKwest Inc. stock has surged, increasing by 0.13 million shares to total 6.85 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6.98 million, data from Yahoo Finance shows. The decrease of -1.9% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 17.76% of the overall float for the stock.
NantKwest Inc.’s Biggest Shareholders: Who Owns NantKwest Inc. [NK]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 1,916,902 shares or roughly 1.77% of the outstanding NK shares. This means their shares have increased by 51,874 from the 1,916,902 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $17,145,278. The Geode Capital Management LLC’s holdings currently number 531,746 shares at $6822301.18. According to the firm’s last 13F report, Two Sigma Advisers LP shares in the company at filing stood at 429,233 shares, roughly $4,112,052.
NK Earnings Forecast For The Current Quarter
NantKwest Inc. [NK] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $10k and an earnings per share of -$0.18 for Dec 2020. Looking further ahead, the company is expected to report revenue of $20k at an EPS of -$0.21 for Mar 2021. The estimates represent upside of 0.00% and -11.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
NK Earnings Estimates For The Current Year
For the financial year, NantKwest Inc. [NASDAQ:NK] is expected to bring in revenue of $100k. The returns are nearly $57000.0 higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.77, lower than that of FY19 by -$0.07. Estimates put this year’s earnings growth at -10.00%, -11.70% for the next, and at an annual -1.70% over the next 5-year period. As for sales, forecasts are for an increase of 132.60% in the current fiscal year and a further 0.00% over the following year.
What are analyst thoughts on NantKwest Inc.?
Looking forward to the NantKwest Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for NantKwest Inc. stock at $13.00 within the next 12 months, which represents almost 1.31 per cent growth from its previous closing price of $12.83. The highest analysts’ target for NantKwest Inc. stock projections is $18.00 and the lowest one is $8.00. Still, 2 analysts sharing their consensus rating for NK stock in 2021 agree that it is an Overweight.