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DMRA (35) KARD (46) OMER (41) AAPG (45) ⌘ Pro Terminal β†’

Nektar Therapeutics (NKTR) Options Positioning, Max Pain & Unusual Sweeps

$36.95 -4.94% NASDAQ β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $36.55

Nektar Therapeutics (NKTR) carries a Roarable Rating of E (Strong Sell) with 20/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E β€’ RED ALERT Cap $1.33B
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚑ INSTANT AI QUANT PREVIEW β€’ $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on NKTR Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is NKTR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-03, Nektar Therapeutics (NASDAQ: NKTR) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 20/100 at a spot price of $36.95 (-4.94% 1D, market cap $1.33B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 3/20. Across 1015 tracked Health Care issuers, NKTR ranks #974 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does NKTR compare to DMRA and KARD in the Health Care sector?
β–Ό

Within the Health Care sector (Biotechnology: Pharmaceutical Preparations), NKTR carries a Roarable E (20/100 RQD), trailing P/E of N/A, gross margin of 96.0%, and ROIC of -35.0%. By comparison, DMRA (Damora Therapeutics Inc.) holds a D- grade (35/100 RQD, P/E N/A, ROIC -35.0%, cap $1.33B) and KARD (Kardigan Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC β€”, cap $1.32B). Among the 5-stock peer group, NKTR leads on earnings multiple (N/A) while NKTR leads on capital efficiency (-35.0% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NKTR?
β–Ό

Per NKTR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000906709), Nektar Therapeutics generated $55.2M in revenue (-43.9% YoY), -$164.0M in net income, and -$208.7M in free cash flow against $280.4M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Health Care with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists β€” not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $36.55 (-1.08%)🧬 Dilution Drag (+2.48% YoY Shares)βš™οΈ Cash Engine: 5/20 (E) β€’ 0% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record Warning: Scores below 50 (20/100 Β· E) historically underperformed SPY in 71% of rolling 90-day windows (-11.8% avg 90D alpha vs SPY β€’ 29.0% hit rate).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERRED ALERT β€’ E
025507510020
3-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw E Β· Rk E
Cash (5)Whales (4)SEC (5)Macro (3)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-17.1% Base Target
$114 Bull$31 Base$24 Bear
πŸ“¬ FREE NKTR RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for NKTR)Realized 20D OHLCV Swing Band: Β±9.1%
Deterministic 5-Pillar Attribution (20/100 Composite)
πŸ” WHY NKTR SCORES 20/100 (E) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: Cash Engine Quality+5/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 100% Gross Margin

β–² #2 Bullish Driver: SEC 10-K Forensic Risk+5/20 pts (25% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) β€’ Piotroski F-Score 2/9

β–Ό #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
28
Grade E$37.92+3.4% Next Q
Q2 (-2Q)
25
Grade E$39.22-3.2% Next Q
Q3 (-1Q)
23
Grade E$37.97-2.7% Next Q
Current
20
Grade E$36.95-11.8% Hist 90D Ξ±
Trajectory: E (28) β†’ E (20)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a NKTR Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While NKTR currently carries a cautious 20/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Established market leader in Health Care with deep daily trading liquidity.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($54.29) and Max Pain ($38.80) forces dealer call-delta covering toward $114.45.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NKTRβ€’ $2.4M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œNKTR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 20%NO 80%Trade / Inspect Odds β†’
CALL VS. PUT WHALE SHARE
β€” (No Active Options Snapshot)
Put/Call Ratio: β€” (No Active Options Snapshot)
MAX-PAIN EXPIRATION MAGNET
β€” (No Active Options Snapshot)
No active options chain max-pain snapshot on file
HISTORICAL 20D VOLATILITY SWING
Β±9.1%
Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (NKTR)

β€” (No Active Options Snapshot) β€” No unusual CBOE strike concentration anomalies recorded in the current database snapshot for NKTR.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NKTR)

  • βœ“Walkthrough of NKTR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • βœ“Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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NKTR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -57.47%πŸ“ HORIZONTAL RANGE
2026-11-03O $39.18H $39.18L $36.95C $36.95VOL 601.1K
RES: $78.24SUP: $30.07SMA50: $54.29SMA200: $65.03
$91.77$76.55$61.33$46.11$30.89RES $78.24SUP $30.07$36.952026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NKTR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

πŸ¦‹ NKTR Butterfly Map β†’ + Track NKTR β†’
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. -43.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on NKTR today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for NKTR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for NKTR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NKTR)

Health Care Rank #974 of 1015 βš”οΈ DMRA vs NKTR Full Matrix β†’

1. Head-to-Head Health Care Peer Comparison (NKTR vs. DMRA, KARD, OMER, AAPG)

Industry: Biotechnology: Pharmaceutical Preparations (489 Tracked Issuers)

Across 1015 tracked Health Care securities in the Roarable RQD universe, Nektar Therapeutics (NKTR) ranks #974 by composite RQD confidence (20/100, grade E) and #317 by equity capitalization ($1.33B). Within this direct 5-issuer industry benchmark cohort, NKTR leads on earnings valuation at N/A trailing P/E, while NKTR leads on capital efficiency and profitability with -35.0% ROIC and 96.0% gross margin. KARD currently holds the highest overall quantitative score in the immediate peer group at 46/100 (D) compared with NKTR at 20/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
NKTR ACTIVE
Nektar Therapeutics
E 20/100 β€” 96.0% -35.0% -4.94% $1.33B Benchmark Subject
DMRA
Damora Therapeutics Inc.
D- 35/100 β€” β€” -35.0% +0.51% $1.33B /dmra-vs-nktr β†’
KARD
Kardigan Inc.
D 46/100 β€” β€” β€” +0.57% $1.32B /kard-vs-nktr β†’
OMER
Omeros Corporation
D- 41/100 β€” β€” -35.0% -3.31% $1.33B /omer-vs-nktr β†’
AAPG
Ascentage Pharma Group International American Depository Shares
D 45/100 β€” β€” β€” -6.20% $1.35B /aapg-vs-nktr β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-31 β€’ CIK 0000906709 β†—

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Nektar Therapeutics (NKTR) reported GAAP revenue of $55.2M (-43.9% vs. FY2024 revenue of $98.4M , and -38.7% cumulative change since FY2023) , GAAP net income of -$164.0M, operating cash flow of -$208.5M, and free cash flow of -$208.7M (-17.8% YoY). On the balance sheet, NKTR closed FY2025 with $280.4M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $55.2M -$164.0M -$208.5M -$208.7M $280.4M β€”
FY2024 (FY) 2024-12-31 $98.4M -$119.0M -$175.7M -$177.2M $303.9M β€”
FY2023 (FY) 2023-12-31 $90.1M -$276.0M -$192.6M -$192.6M β€” β€”

3. NKTR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NKTR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Nektar Therapeutics (NASDAQ: NKTR) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 20/100 at a spot price of $36.95 (-4.94% 1D, market cap $1.33B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 3/20. Across 1015 tracked Health Care issuers, NKTR ranks #974 in composite RQD confidence.

How does NKTR compare to DMRA and KARD in the Health Care sector?

Within the Health Care sector (Biotechnology: Pharmaceutical Preparations), NKTR carries a Roarable E (20/100 RQD), trailing P/E of N/A, gross margin of 96.0%, and ROIC of -35.0%. By comparison, DMRA (Damora Therapeutics Inc.) holds a D- grade (35/100 RQD, P/E N/A, ROIC -35.0%, cap $1.33B) and KARD (Kardigan Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC β€”, cap $1.32B). Among the 5-stock peer group, NKTR leads on earnings multiple (N/A) while NKTR leads on capital efficiency (-35.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NKTR?

Per NKTR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000906709), Nektar Therapeutics generated $55.2M in revenue (-43.9% YoY), -$164.0M in net income, and -$208.7M in free cash flow against $280.4M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Health Care with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NKTR trading relative to its 50-day, 200-day, and 52-week technical levels?

NKTR last traded at $36.95 (-4.94% on volume of 823,311 shares), positioning the stock -31.94% below its 50-day simple moving average ($54.29) and -43.18% below its 200-day simple moving average ($65.03). Across its 52-week range of $33.40 to $109.00, NKTR sits at the 4.7% percentile with a 14-day RSI of 35.2 (NEUTRAL RANGE) and an implied next-earnings move of Β±9.1% ($33.59 to $40.31).

Direct Sub-Reports: NKTR RQD Cockpit NKTR 12M Forecast NKTR Earnings & Move NKTR Dividends & DRIP NKTR Insiders & 13F NKTR Whale Options NKTR Profit Sankey NKTR News & Why
ROARABLE RATING BRIEF β€’ RQD 20/100 (E) βœ“ SEC XBRL & RQD VERIFIED

NKTR β€” Nektar Therapeutics: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Nektar Therapeutics (NKTR) earns a live Roarable RQD composite score of 20/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $36.95 (-4.94% 1D, market capitalization $1.33B).

  • Fundamental Cash Engine (5/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 96.0%, operating margin of -60.0%, and free cash flow yield of -15.60%.
  • Whale 13F & Options Flow (4/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (3/20) + Forensic Balance Sheet (5/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 2/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Nektar Therapeutics is a NASDAQ-listed issuer in the Health Care sector, operating within the Biotechnology: Pharmaceutical Preparations industry..3B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Nektar Therapeutics (NKTR) reported $55.2M in annual revenue (up from $98.4M in FY2024, -43.9% YoY) and -$164.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($90.1M revenue, -$276.0M net income) through FY2025, NKTR scaled operating cash flow to -$208.5M and free cash flow to -$208.7M, backed by $280.4M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • πŸ‚ Primary Bull Case (E β€’ RQD 20/100): Established market leader in Health Care with deep daily trading liquidity. Free cash flow yield of -15.60% and institutional whale pillar of 4/20. With Fundamental Cash Engine at 5/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $33.40 – $109.00 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

β€” for upstream dependencies, downstream customers, or sector correlations beyond the sector and industry classification.

  • Key Question #1: Can NKTR sustain or expand its -60.0% operating margin and -35.0% ROIC against Biotechnology: Pharmaceutical Preparations peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $55.2M and free cash flow of -$208.7M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is NKTR's equity valuation to Health Care capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

NKTR Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Nektar Therapeutics (NKTR) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to NKTR Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NKTR Bull vs. Bear Conversation Board β€” What's Your Call at $36.95?

πŸ‚ 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NKTR 🐻 33% BEARISH CONVICTION
1. Pick Your Side on NKTR:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
TA TapeReader_Pro RQD DEBATE OPENER β€’ Price Action & Volume Trader πŸ‚ BULLISH 🎯 Target: $47.42 (+22.0%)
πŸ“Œ Pinned Debate

The stock trades at $39.18, well below its $109 52-week high, with the news feed noting a Phase III trial launch as a potential catalys

Picked up a starter position in NKTR in my $100K Virtual Cash book at $38.87. The stock trades at $39.18, well below its $109 52-week high, with the news feed noting a Phase III trial launch as a potential catalyst.. Trading inside a $33.40–$109.00 52-week range with -15.6% FCF yield gives solid downside support if Biotechnology: Pharmaceutical Preparations multiples expand this quarter.

CapAlloc_Nerd πŸ‚ BULL

@TapeReader_Pro Agree on the RQD 20/100 quality, though with 1.0 beta I'm scaling in with half-size at $38.87 and keeping dry powder in case we test $36.15.

CR CreditSpread_Watch RQD DEBATE OPENER β€’ Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $29.54 (-24.0%)
Spot @ $38.87

Free cash flow of -$208.7M against only $15.1M in cash and a 2025 revenue decline to $55.2M signal a severe funding and cash-burn risk.

Here is the bear case nobody on the bull side wants to address on NKTR: Free cash flow of -$208.7M against only $15.1M in cash and a 2025 revenue decline to $55.2M signal a severe funding and cash-burn risk.. At current EV/EBITDA multiples, even a small guidance miss in Biotechnology: Pharmaceutical Preparations triggers a 12-15% air pocket.

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