Digging Up the Facts on Nektar Therapeutics (NKTR)

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 $54.14, up from yesterday’s close by 2.21%. 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 $10.28 Billion. That value represents a market adjusting for revenues that have been growing by 53.74 % 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 -$104.88 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $5.22 on a per share basis this quarter. Perhaps, that suggests something about why 1.61% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how NKTR has been acting. Looking at the stock’s movement on the chart, Nektar Therapeutics recorded a 52-week high of $111.36. It is now trading 57.22% off that level. The stock is trading $84.50 its 50-day moving average by 30.36%. The stock carved out a 52-week low down at $17.51.

In recent action, Nektar Therapeutics (NKTR) has made a move of -29.95% 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 14.04, 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 6.87% with $170.27 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NKTR.

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