NanoString Technologies Inc. (NASDAQ:NSTG) saw an upside of 3.24% to $43.33 after adding $1.36 on Tuesday. The 5-day average trading volume is 795,502 shares of the company’s common stock. It has gained $47.50 in the past week. An average of 596,930 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 449,412.
NSTG’s 1-month performance is -29.63% or -$16.81 on its low of $41.68 reached on 10/11/21. The company’s shares have touched a 52-week low of $34.31 and high of $86.42, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, NSTG has lost -37.25% or -$24.05. However, the current price is down -49.86%% from the 52-week high price.
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On Sep 13, 29 days have gone by since the last insider trading activity for NanoString Technologies Inc. (NSTG). Malloy Kirk (Director) most recently sold 3,000 shares at $59.37 per share on Sep 13. This transaction cost the insider $178,110. President and CEO, GRAY R BRADLEY, sold 33,334 shares at a price of $57.92 on Sep 08. Then, on Sep 02, SVP, Research & Development BEECHEM JOSEPH M sold 23,114 shares at a price of $61.14 per share. This transaction amounted to $1,413,206.
NanoString Technologies Inc. (NSTG) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.25 for the sector.NSTG stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.71 while the price-to-book (PB) in the most recent quarter is 8.65.
NanoString Technologies Inc.’s quick ratio for the period ended June 29 was 10.10, with the current ratio over the same period at 10.80 meaning that NSTG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.02, while the total debt to equity was 1.02. In terms of profitability, the gross margin trailing 12 months is 53.70%. The trailing 12-month EBITDA margin is -67.40% while for the period ending June 29; NanoString Technologies Inc.’s operating margin was -66.00%. The firm’s gross profit as reported stood at $64.91 million against revenue of $117.32 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NSTG to announce -$0.58 per share in earnings in its latest quarter, but it posted -$0.6, representing a -3.40% surprise. EBITDA for the quarter stood at more than -$26.27 million. NSTG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 293.33 million, with total debt at $252.25 million. Shareholders hold equity totaling $45.52 million
Let’s look briefly at NanoString Technologies Inc. (NSTG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 30.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 64.55%.
The stock’s 5-day moving average is $43.58, reflecting a -6.16% or -$2.81 change from its current price. NSTG is currently trading -23.45% above its 20-day SMA, -14.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -30.31% and -41.10% respectively.
Stochastic %K and %D was 4.09% and 5.42% and the average true range (ATR) pointed at 2.52. The RSI (14) points at 31.31%, while the 14-day stochastic is at 9.16% with the period’s ATR at 2.56. The stock’s 9-day MACD Oscillator is pointing at -2.64 and -3.90 on the 14-day charts.
In the most recent analyst report for NanoString Technologies Inc. (NASDAQ: NSTG), Cowen upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for NSTG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NSTG as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is NSTG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $85.00, with their median price target at $75.00. Looking at these predictions, the average price target given by analysts is for NanoString Technologies Inc. (NSTG) stock is $77.20.