NantKwest (NASDAQ:NK) Cut to “Strong Sell” at BidaskClub

NantKwest (NASDAQ:NK) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, April 10th.

A number of other equities research analysts have also weighed in on NK. Raymond James Financial reissued a “hold” rating on shares of NantKwest in a report on Monday, December 11th. Zacks Investment Research lowered shares of NantKwest from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. NantKwest currently has an average rating of “Hold” and a consensus price target of $4.00.

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Shares of NantKwest stock traded up $0.19 during trading hours on Tuesday, hitting $4.20. The company’s stock had a trading volume of 157,329 shares, compared to its average volume of 237,973. NantKwest has a 1-year low of $2.71 and a 1-year high of $8.45. The firm has a market capitalization of $301.11, a P/E ratio of -3.34 and a beta of 2.83. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 0.01.

Large investors have recently modified their holdings of the stock. Ardsley Advisory Partners bought a new stake in shares of NantKwest during the 4th quarter worth about $112,000. Russell Investments Group Ltd. bought a new stake in shares of NantKwest during the 3rd quarter worth about $139,000. JPMorgan Chase & Co. raised its position in shares of NantKwest by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,579 shares of the biotechnology company’s stock worth $140,000 after buying an additional 71,444 shares in the last quarter. SG Americas Securities LLC raised its position in shares of NantKwest by 254.3% during the 3rd quarter. SG Americas Securities LLC now owns 49,356 shares of the biotechnology company’s stock worth $270,000 after buying an additional 35,424 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of NantKwest by 116.7% during the 4th quarter. Deutsche Bank AG now owns 67,847 shares of the biotechnology company’s stock worth $304,000 after buying an additional 36,542 shares in the last quarter. Hedge funds and other institutional investors own 15.89% of the company’s stock.

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NantKwest Company Profile

NantKwest, Inc is a clinical-stage immunotherapy company. The Company is focused on harnessing the power of the innate immune system by using the natural killer cell to treat cancer, infectious diseases and inflammatory diseases. Its immuno-oncology NK platform has multiple modes to induce cell death against the tumor or infected cell by direct killing by binding to stress ligands expressed by the diseased cell with the release of toxic granules directly into the tumor cell; antibody mediated killing by binding to antibodies administered in combination and enhancing the cancer killing effect of the administered antibody, enabling targeted cell killing through antibody dependent cellular cytotoxicity (ADCC), and target activated killing by binding to known or newly discovered tumor-specific antigens expressed on the surface of tumor cells and inducing cell death by the release of toxic granules directly into the tumor cell and by the release of cytokines and chemokines.

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