The stock of Natera Inc. (NASDAQ:NTRA) increased by $1.93 on Friday to finish at $57.38, up 3.48 percent. The last five days have seen an average of 807,880 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $17.21. The average number of shares traded over the last 20 days was 1,201,850, while the average volume over the last 50 days totaled 1,045,504.
NTRA stock appreciated 26.61% since last month. On 08/03/23, the company’s shares reached a one-month low of $43.19. The stock touched a high of $59.75 on 03/09/23, after rallying from a low of $34.00 in 52 weeks. The price of NTRA stock has risen by 42.84% or $17.21 this year, reaching a new high 16 times. Still, the stock price is down -3.97% from the 52-week high.
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Insider Transactions
NTRA stock investors should be aware that Natera Inc. (NTRA) stock had its last reported insider trading activity 17 days ago on Aug 11. On Aug 11, CEO AND PRESIDENT Chapman Steven Leonard sold 2,578 shares at $55.00 each. This transaction resulted in the insider making $141,790. On Aug 02, Sheena Jonathan sold 5,000 shares at a price of US$44.22. After the transaction, the insider now owns 504,746 shares. CO-FOUNDER Sheena Jonathan had earlier sold 1,000 shares on Aug 02 for $44.15 a share. The transaction was completed for $44,149.
Valuation Metrics
Beta for the stock is 1.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.83, the price-to-book (PB) ratio of 10.95.
Financial Health
For the three months ended June 29, Natera Inc.’s quick ratio was 3.70, while its current ratio was 3.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.47, and the total debt to equity ratio is 0.61. As far as profitability goes, gross margin for the trailing twelve months is 42.50% percent. Natera Inc.’s EBITDA margin for the year ended June 29 was -61.11%, whereas its operating margin stood at -54.90% for the same period. Based on annual data, it had gross profit of $363.97 million and revenue of $820.22 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NTRA’s return on assets (ROA) during the last 12 months has been -41.20%. There was a -50.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -88.50%.
Earnings Surprise
According to Natera Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $261.4 million, while revenues rose by 24.18% to $241.76 million. It was predicted that Natera Inc.’s quarterly earnings would be -$0.97, but it ended up being -$1.09, beating the consensus by 11.00%. EBITDA was -$106.32 million for the quarter. At the end of Natera Inc.’s most recent quarter ended June 29, its liabilities totaled 651.75 million, while its total debt was $444.24 million. Equity owned by shareholders amounts to $114.6 million.
Technical Picture
Here’s a quick look at Natera Inc.’s (NTRA) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 68.41%, suggesting the stock is Neutral, with a 44.66% historical volatility rate.
The stochastic %K and %D were 82.20% and 79.08% respectively, while the average true range (ATR) was 2.33. Based on the 14-day stochastic reading of 91.21%, the RSI (14) reading is 64.85%. On the 9-day MACD Oscillator, the stock is at 1.61, and the 14-day reading is at 1.64.
Analyst Ratings
Analysts have assigned Natera Inc. (NTRA) an Buy rating. NTRA is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is NTRA’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.00 and $117.00, with a median target price of $73.00. In analyzing these forecasts, the average price target given by analysts for Natera Inc. (NTRA) is $74.29.
