Nektar Common Stock vs Net Debt Analysis

NKTR Stock

USD 1.13 0.06 5.61%

Nektar Therapeutics financial indicator trend analysis is infinitely more than just investigating Nektar Therapeutics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nektar Therapeutics is a good investment. Please check the relationship between Nektar Therapeutics Common Stock and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nektar Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Nektar Stock, please use our How to Invest in Nektar Therapeutics guide.

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nektar Therapeutics Common Stock account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nektar Therapeutics' Common Stock and Net Debt is -0.41. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of Nektar Therapeutics, assuming nothing else is changed. The correlation between historical values of Nektar Therapeutics' Common Stock and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Nektar Therapeutics are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock i.e., Nektar Therapeutics' Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Nektar Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nektar Therapeutics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nektar Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Nektar Stock, please use our How to Invest in Nektar Therapeutics guide.At this time, Nektar Therapeutics' Tax Provision is relatively stable compared to the past year. As of 11/28/2024, Sales General And Administrative To Revenue is likely to grow to 0.90, while Enterprise Value Over EBITDA is likely to drop (1.31).

	2021	2022	2023	2024 (projected)
Gross Profit	77.0M	70.4M	53.5M	50.8M
Total Revenue	101.9M	92.1M	90.1M	162.3M

Gross Profit Total Revenue

Nektar Therapeutics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments	Common Stock	Net Receivables
Total Assets		0.58	0.4	0.51	0.97	0.63	-0.01	-0.09	0.62	0.8	0.94	-0.23	0.99	0.6	0.16	0.45	0.58	0.49	0.57	0.99	0.47	-0.21	-0.36	0.99	-0.36	0.91
Short Long Term Debt Total	0.58		0.23	0.6	0.46	0.25	0.73	-0.23	0.25	0.27	0.56	-0.11	0.55	0.52	0.3	-0.02	0.43	0.67	0.32	0.55	0.58	0.12	-0.61	0.55	-0.61	0.46
Other Current Liab	0.4	0.23		0.6	0.33	0.83	0.14	-0.02	0.52	0.31	0.37	-0.23	0.43	0.3	0.16	0.24	0.16	0.55	0.67	0.43	0.4	0.0	-0.29	0.42	-0.29	0.52
Total Current Liabilities	0.51	0.6	0.6		0.44	0.59	0.51	0.05	0.44	0.16	0.56	-0.12	0.47	0.22	-0.21	0.12	0.19	0.5	0.54	0.47	0.96	0.05	-0.31	0.5	-0.31	0.36
Total Stockholder Equity	0.97	0.46	0.33	0.44		0.57	-0.11	0.0	0.59	0.81	0.92	-0.31	0.97	0.54	-0.01	0.45	0.51	0.29	0.5	0.97	0.43	-0.27	-0.18	0.97	-0.18	0.91
Property Plant And Equipment Net	0.63	0.25	0.83	0.59	0.57		0.06	-0.22	0.76	0.41	0.56	-0.14	0.66	0.55	0.19	0.59	0.46	0.57	0.89	0.66	0.44	-0.26	-0.38	0.67	-0.38	0.64
Net Debt	-0.01	0.73	0.14	0.51	-0.11	0.06		-0.21	-0.1	-0.42	0.02	-0.12	-0.03	0.2	0.07	-0.16	0.12	0.41	0.17	-0.03	0.52	0.17	-0.41	0.01	-0.41	-0.11
Retained Earnings	-0.09	-0.23	-0.02	0.05	0.0	-0.22	-0.21		-0.46	-0.06	0.12	0.09	-0.15	-0.69	-0.34	-0.4	-0.86	-0.27	-0.53	-0.14	0.1	0.64	0.64	-0.12	0.64	0.06
Accounts Payable	0.62	0.25	0.52	0.44	0.59	0.76	-0.1	-0.46		0.6	0.43	-0.13	0.68	0.61	0.06	0.37	0.69	0.35	0.83	0.68	0.34	-0.55	-0.32	0.67	-0.32	0.53
Cash	0.8	0.27	0.31	0.16	0.81	0.41	-0.42	-0.06	0.6		0.72	-0.19	0.82	0.5	0.2	0.25	0.46	0.29	0.35	0.82	0.09	-0.2	-0.22	0.76	-0.22	0.84
Non Current Assets Total	0.94	0.56	0.37	0.56	0.92	0.56	0.02	0.12	0.43	0.72		-0.16	0.89	0.51	0.13	0.41	0.36	0.49	0.4	0.9	0.55	0.05	-0.34	0.89	-0.34	0.86
Non Currrent Assets Other	-0.23	-0.11	-0.23	-0.12	-0.31	-0.14	-0.12	0.09	-0.13	-0.19	-0.16		-0.26	-0.2	0.38	-0.27	-0.22	0.26	-0.17	-0.26	-0.13	0.4	-0.17	-0.27	-0.17	-0.31
Cash And Short Term Investments	0.99	0.55	0.43	0.47	0.97	0.66	-0.03	-0.15	0.68	0.82	0.89	-0.26		0.63	0.16	0.46	0.62	0.46	0.62	1.0	0.42	-0.29	-0.34	0.99	-0.34	0.92
Common Stock Shares Outstanding	0.6	0.52	0.3	0.22	0.54	0.55	0.2	-0.69	0.61	0.5	0.51	-0.2	0.63		0.45	0.56	0.83	0.55	0.63	0.63	0.17	-0.36	-0.76	0.59	-0.76	0.51
Non Current Liabilities Total	0.16	0.3	0.16	-0.21	-0.01	0.19	0.07	-0.34	0.06	0.2	0.13	0.38	0.16	0.45		0.13	0.28	0.75	0.11	0.16	-0.36	0.3	-0.71	0.1	-0.71	0.22
Other Current Assets	0.45	-0.02	0.24	0.12	0.45	0.59	-0.16	-0.4	0.37	0.25	0.41	-0.27	0.46	0.56	0.13		0.57	0.19	0.52	0.46	0.1	-0.52	-0.3	0.47	-0.3	0.39
Other Stockholder Equity	0.58	0.43	0.16	0.19	0.51	0.46	0.12	-0.86	0.69	0.46	0.36	-0.22	0.62	0.83	0.28	0.57		0.38	0.7	0.62	0.14	-0.69	-0.63	0.6	-0.63	0.41
Total Liab	0.49	0.67	0.55	0.5	0.29	0.57	0.41	-0.27	0.35	0.29	0.49	0.26	0.46	0.55	0.75	0.19	0.38		0.46	0.47	0.34	0.3	-0.84	0.43	-0.84	0.44
Property Plant And Equipment Gross	0.57	0.32	0.67	0.54	0.5	0.89	0.17	-0.53	0.83	0.35	0.4	-0.17	0.62	0.63	0.11	0.52	0.7	0.46		0.62	0.42	-0.53	-0.45	0.63	-0.45	0.52
Total Current Assets	0.99	0.55	0.43	0.47	0.97	0.66	-0.03	-0.14	0.68	0.82	0.9	-0.26	1.0	0.63	0.16	0.46	0.62	0.47	0.62		0.42	-0.28	-0.34	0.99	-0.34	0.92
Short Term Debt	0.47	0.58	0.4	0.96	0.43	0.44	0.52	0.1	0.34	0.09	0.55	-0.13	0.42	0.17	-0.36	0.1	0.14	0.34	0.42	0.42		0.02	-0.2	0.46	-0.2	0.28
Current Deferred Revenue	-0.21	0.12	0.0	0.05	-0.27	-0.26	0.17	0.64	-0.55	-0.2	0.05	0.4	-0.29	-0.36	0.3	-0.52	-0.69	0.3	-0.53	-0.28	0.02		-0.06	-0.3	-0.06	-0.11
Common Stock Total Equity	-0.36	-0.61	-0.29	-0.31	-0.18	-0.38	-0.41	0.64	-0.32	-0.22	-0.34	-0.17	-0.34	-0.76	-0.71	-0.3	-0.63	-0.84	-0.45	-0.34	-0.2	-0.06		-0.29	1.0	-0.23
Short Term Investments	0.99	0.55	0.42	0.5	0.97	0.67	0.01	-0.12	0.67	0.76	0.89	-0.27	0.99	0.59	0.1	0.47	0.6	0.43	0.63	0.99	0.46	-0.3	-0.29		-0.29	0.91
Common Stock	-0.36	-0.61	-0.29	-0.31	-0.18	-0.38	-0.41	0.64	-0.32	-0.22	-0.34	-0.17	-0.34	-0.76	-0.71	-0.3	-0.63	-0.84	-0.45	-0.34	-0.2	-0.06	1.0	-0.29		-0.23
Net Receivables	0.91	0.46	0.52	0.36	0.91	0.64	-0.11	0.06	0.53	0.84	0.86	-0.31	0.92	0.51	0.22	0.39	0.41	0.44	0.52	0.92	0.28	-0.11	-0.23	0.91	-0.23

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Nektar Therapeutics Account Relationship Matchups

Nektar Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.5B	1.1B	710.6M	398.0M	707.3M
Short Long Term Debt Total	403.9M	150.3M	143.2M	131.5M	230.4M	237.5M
Other Current Liab	67.9M	65.7M	40.6M	17.9M	2.9M	2.8M
Total Current Liabilities	353.9M	115.8M	85.2M	68.2M	51.3M	88.1M
Total Stockholder Equity	1.4B	1.1B	679.5M	366.6M	131.0M	124.4M
Property Plant And Equipment Net	199.2M	186.1M	177.5M	85.9M	36.9M	35.0M
Net Debt	307.6M	(48.7M)	118.0M	43.3M	210.2M	160.0M
Retained Earnings	(1.9B)	(2.3B)	(2.8B)	(3.2B)	(3.5B)	(3.3B)
Accounts Payable	19.2M	22.1M	9.7M	13.0M	9.8M	8.3M
Cash	96.4M	199.0M	25.2M	88.2M	35.3M	33.5M
Non Current Assets Total	555.8M	400.8M	321.6M	164.6M	67.3M	64.0M
Non Currrent Assets Other	1.0M	1.5M	2.7M	2.2M	4.6M	8.3M
Cash And Short Term Investments	1.3B	1.1B	734.0M	505.0M	303.6M	437.9M
Common Stock Shares Outstanding	175.0M	178.6M	183.3M	187.1M	190.0M	109.0M
Liabilities And Stockholders Equity	2.0B	1.5B	1.1B	710.6M	398.0M	707.3M
Non Current Liabilities Total	218.1M	345.7M	352.5M	275.8M	215.8M	301.7M
Other Current Assets	15.4M	21.9M	46.7M	29.2M	8.7M	13.4M
Other Stockholder Equity	3.3B	3.4B	3.5B	3.6B	3.6B	3.8B
Total Liab	572.0M	461.5M	437.7M	344.0M	267.0M	389.8M
Property Plant And Equipment Gross	199.2M	186.1M	177.5M	85.9M	123.8M	101.3M
Total Current Assets	1.4B	1.1B	795.6M	546.0M	330.7M	476.4M
Accumulated Other Comprehensive Income	(1.0M)	(2.3M)	(4.2M)	(6.9M)	80K	84K
Short Term Debt	261.2M	27.8M	34.9M	37.3M	38.5M	37.3M
Current Deferred Revenue	13.9M	5.5M	91K	(8.2M)	(7.4M)	(7.0M)
Short Term Investments	1.2B	862.9M	708.7M	416.8M	268.3M	407.0M
Net Receivables	36.8M	38.9M	22.5M	6.0M	2.3M	2.1M
Other Liab	75.3M	209.3M	226.7M	162.9M	187.4M	105.7M
Other Assets	1.0M	264.6M	2.7M	2.2M	2.6M	2.5M
Property Plant Equipment	65.0M	59.7M	177.5M	85.9M	77.3M	77.9M
Inventory	12.7M	15.3M	15.8M	19.2M	16.1M	13.3M
Net Tangible Assets	1.3B	1.0B	603.0M	290.1M	333.7M	431.0M
Retained Earnings Total Equity	(1.4B)	(1.9B)	(2.3B)	(2.8B)	(2.5B)	(2.7B)
Capital Surpluse	3.1B	3.3B	3.4B	3.5B	4.0B	2.6B

Pair Trading with Nektar Therapeutics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nektar Therapeutics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nektar Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving against Nektar Stock

0.37

MNOV

MediciNova

Pair Corr

The ability to find closely correlated positions to Nektar Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nektar Therapeutics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nektar Therapeutics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nektar Therapeutics to buy it.

The correlation of Nektar Therapeutics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nektar Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nektar Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Nektar Therapeutics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Nektar Stock Analysis

When running Nektar Therapeutics' price analysis, check to measure Nektar Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nektar Therapeutics is operating at the current time. Most of Nektar Therapeutics' value examination focuses on studying past and present price action to predict the probability of Nektar Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nektar Therapeutics' price. Additionally, you may evaluate how the addition of Nektar Therapeutics to your portfolios can decrease your overall portfolio volatility.

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