At the last check on Thursday, NanoString Technologies Inc.’s (NASDAQ:NSTG) stock was down -$0.11, moving down -3.75 percent to $2.69. The average number of shares traded per day over the past five days has been 1,260,641 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 1,120,130, while in the previous 50 days, it was 1,306,950.
Since last month, NSTG stock retreated -29.54%. Shares of the company fell to $2.59 on 08/22/23, the lowest level in the past month. A 52-week high of $16.47 was reached on 02/02/23 after having rallying from a 52-week low of $2.59. Since the beginning of this year, NSTG’s stock price has dropped by -66.19% or -$5.24, and marked a new high 7 times. However, the stock has declined by -83.64% since its 52-week high.
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NSTG stock investors should be aware that NanoString Technologies Inc. (NSTG) stock had its last reported insider trading activity 97 days ago on May 26. Bailey K Thomas, the Chief Financial Officer of the company, purchased of 15,000 shares for $5.76 on May 26. It resulted in a $86,445 investment by the insider. GRAY R BRADLEY added 30,000 shares at an average price of $5.80 on May 25. The insider now owns 338,395 shares following the transaction. On May 24, Director YOUNG WILLIAM bought 35,400 shares at $5.69 apiece. The transaction was valued at $201,511.
Financial Health
In the three months ended June 29, NanoString Technologies Inc.’s quick ratio stood at 2.80, while its current ratio was 3.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 39.20% percent. Based on annual data, NSTG earned $61.79 million in gross profit and brought in $127.26 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -56.00%. Return on equity (ROE) for the past 12 months was -548.30%.
In NanoString Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $227.38 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NSTG’s revenue rose 27.04% to $35.81 million during the quarter, while net income inched up to $44.16 million. While analysts expected NanoString Technologies Inc. to report -$0.67 quarterly earnings, the actual figure was -$0.92 per share, beating the consensus estimate by -37.30%. During the quarter, the company generated -$38.61 million in EBITDA. The liabilities of NanoString Technologies Inc. were 310.45 million at the end of its most recent quarter ended June 29, and its total debt was $248.62 million. The value of shareholders’ equity is $47.55 million.
Technical Picture
This quick technical analysis looks at NanoString Technologies Inc.’s (NSTG) price momentum. With a historical volatility rate of 64.26%, the RSI 9-day stood at 35.17% on 30 August.
With respect to its five-day moving average, the current NanoString Technologies Inc. price is down by -5.05% percent or -$0.14. At present, NSTG shares trade -23.35% below its 20-day simple moving average and -72.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.64% below its SMA50 and -67.13% below its SMA200.
Stochastic coefficient K was 40.02% and Stochastic coefficient D was 36.84%, while ATR was 0.25. Given the Stochastic reading of 24.11% for the 14-day period, the RSI (14) reading has been calculated as 34.80%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.01.
Analyst Ratings
NanoString Technologies Inc. (NSTG) has been rated Buy by analysts. According to 0 brokerage firms, NSTG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate NanoString Technologies Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $7.00 – $24.00. Based on these forecasts, analysts predict NanoString Technologies Inc. (NSTG) will achieve an average price target of $12.86.
