NanoString Technologies Inc. (NASDAQ:NSTG) finished Friday with a subtraction of -$0.08 to close at $3.07, a downside of -2.54 percent. An average of 1,212,740 shares of common stock have been traded in the last five days. There was a fall of -$0.80 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,042,610 shares traded, while the 50-day average volume stands at 1,351,546.
NSTG stock has decreased by -26.73% in the last month. The company shares reached their 1-month lowest point of $3.00 on 08/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $3.09 and a high of $18.51 in 52 weeks. It has reached a new high 7 times so far this year and lost -61.48% or -$4.90 in price. In spite of this, the price is down -83.41% from the 52-week high.
Valuation Metrics
NanoString Technologies Inc. (NSTG) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 10.59.
Financial Health
The quick ratio of NanoString Technologies Inc. for the three months ended June 29 was 3.50, and the current ratio was 4.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 16.69 and a total debt to equity ratio of 16.69 for the quarter ending June 29. NanoString Technologies Inc.’s EBITDA margin for the year ending June 29 is -109.99%. Its gross profit as reported stood at $61.79 million compared to revenue of $127.26 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NanoString Technologies Inc.’s return on assets was -43.40%.
Earnings Surprise
For the three-month period that ended June 29, NanoString Technologies Inc. had $227.38 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$43.67 million in the quarter, while revenues of -$41.24 million were grew 10.14%. The analyst consensus anticipated NanoString Technologies Inc.’s latest quarter earnings to come in at -$0.67 per share, but it turned out to be -$0.92, a -37.30% surprise. For the quarter, EBITDA amounted to -$38.61 million. Shareholders own equity worth $47.55 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NanoString Technologies Inc. (NSTG) price momentum. RSI 9-day as of the close on 11 August was 27.35%, suggesting the stock is oversold, with historical volatility in this time frame at 83.55%.
As of today, NSTG’s price is $3.31 -20.67% or -$0.80 from its 5-day moving average. NSTG is currently trading -21.68% lower than its 20-day SMA and -63.15% lower than its 100-day SMA. However, the stock’s current price level is -47.88% below the SMA50 and -68.51% below the SMA200.
The stochastic %K and %D were 3.56% and 9.08%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 3.87% and the average true range at 0.37, the RSI (14) stands at 31.86%. The stock has reached -0.42 on the 9-day MACD Oscillator while the 14-day reading was at -0.78.
Analyst Ratings
The consensus rating for NanoString Technologies Inc. (NSTG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NSTG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is NSTG’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $24.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for NanoString Technologies Inc. (NSTG) stock is $12.86.
