NantKwest (NK) is Initiated by Canaccord Genuity to Buy, Price Target at $20

NantKwest (NK) is Initiated by Canaccord Genuity to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $20. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of NantKwest, Inc. (NASDAQ:NK) ended Thursday session in red amid volatile trading. The shares closed down 2.02 points or 11.42% at $15.67 with 636,949 shares getting traded. Post opening the session at $17.71, the shares hit an intraday low of $15.58 and an intraday high of $17.96 and the price vacillated in this range throughout the day. The company has a market cap of $1,273 million and the number of outstanding shares has been calculated to be 81,220,377 shares. The 52-week high of NantKwest, Inc. (NASDAQ:NK) is $38.48 and the 52-week low is $10.1.

Research firm Zacks has rated NantKwest, Inc. (NASDAQ:NK) and has ranked it at 3, indicating that for the short term the shares are a hold. 4 Wall Street analysts have given the company an average rating of 1. Strong buy was given by 4 Wall Street Analysts.

NantKwest, Inc. (NASDAQ:NK) stock has received a short term price target of $ 34.75 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.95. The higher estimate of target price is $38 , while the lower price target estimate is $30

Shares of NantKwest, Inc. rose by 0.06% in the last five trading days and 6.6% for the last 4 weeks. NantKwest, Inc. has dropped 19.56% during the last 3-month period . Year-to-Date the stock performance stands at -54.76%.