The stock of NanoString Technologies Inc. (NASDAQ:NSTG) decreased by -$0.22 on Tuesday to finish at $1.48, down -12.94 percent. The last five days have seen an average of 3,391,640 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$6.4900. The average number of shares traded over the last 20 days was 2,037,030, while the average volume over the last 50 days totaled 1,489,664.
NSTG stock dropped -45.59% since last month. On 09/19/23, the company’s shares reached a one-month low of $1.4700. The stock touched a high of $15.44 on 02/02/23, after rallying from a low of $1.61 in 52 weeks. The price of NSTG stock has declined by -81.43% or -$6.4900 this year, reaching a new high 7 times. Still, the stock price is down -90.42% from the 52-week high.
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Insider Transactions
NSTG stock investors should be aware that NanoString Technologies Inc. (NSTG) stock had its last reported insider trading activity 117 days ago on May 26. On May 26, Chief Financial Officer Bailey K Thomas acquired 15,000 shares at $5.76 each. This transaction resulted in the insider spending $86,445. On May 25, GRAY R BRADLEY added 30,000 shares at a price of US$5.80. After the transaction, the insider now owns 338,395 shares. Director YOUNG WILLIAM had earlier bought 35,400 shares on May 24 for $5.69 a share. The transaction was completed for $201,511.
Financial Health
For the three months ended June 29, NanoString Technologies Inc.’s quick ratio was 2.80, while its current ratio was 3.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 39.20% percent. Based on annual data, it had gross profit of $61.79 million and revenue of $127.26 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NSTG’s return on assets (ROA) during the last 12 months has been -49.20%. There was a -56.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -548.30%.
Earnings Surprise
According to NanoString Technologies 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 $44.16 million, while revenues rose by 27.04% to $35.81 million. It was predicted that NanoString Technologies Inc.’s quarterly earnings would be -$0.92, but it ended up being -$0.67, beating the consensus by -37.30%. EBITDA was -$38.61 million for the quarter. At the end of NanoString Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 310.45 million, while its total debt was $248.62 million. Equity owned by shareholders amounts to $47.55 million.
Technical Picture
Here’s a quick look at NanoString Technologies Inc.’s (NSTG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 22.98%, suggesting the stock is oversold, with a 130.49% historical volatility rate.
The stochastic %K and %D were 4.11% and 8.30% respectively, while the average true range (ATR) was 0.2625. Based on the 14-day stochastic reading of 0.63%, the RSI (14) reading is 25.33%. On the 9-day MACD Oscillator, the stock is at -0.1056, and the 14-day reading is at -0.3680.
Analyst Ratings
Analysts have assigned NanoString Technologies Inc. (NSTG) an Buy rating. NSTG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is NSTG’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $24.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for NanoString Technologies Inc. (NSTG) is $12.86.
