Nanostring Technologies Inc (NASDAQ:NSTG) saw an upside of 4.17% to close Friday at $1.50 after adding $0.06 on the day. The 5-day average trading volume is 2,011,440 shares of the company’s common stock. It has gained $1.9900 in the past week and touched a new high 1 time within the past 5 days. An average of 2,091,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,438,614.
NSTG’s 1-month performance is -47.74% or -$1.2300 on its low of $1.4000 reached on 09/22/23. The company’s shares have touched a 52-week low of $1.41 and high of $14.57, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, NSTG has lost -81.18% or -$6.4700 and has reached a new high 7 times. However, the current price is down -89.71% from the 52-week high price.
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Valuation Metrics
NSTG stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.50.
Nanostring Technologies Inc’s quick ratio for the period ended June 29 was 2.76, with the current ratio over the same period at 3.55. In terms of profitability, the gross margin trailing 12 months is 37.70%. The trailing 12-month EBITDA margin is -109.99% while for the period ending June 29, Nanostring Technologies Inc’s operating margin was -111.91%. The firm’s gross profit as reported stood at $61.79 million against revenue of $127.26 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 10.14% to -$43.67 million, while revenue of -$41.24 million was 5.56% off the previous quarter. Analysts expected NSTG to announce -$0.67 per share in earnings in its latest quarter, but it posted -$0.92, representing a -37.30% surprise. EBITDA for the quarter stood at more than -$38.61 million. NSTG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 310.45 million, with total debt at $248.62 million. Shareholders hold equity totaling $47.55 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 22 September was 29.04% to suggest the stock is trending oversold, with historical volatility in this time period at 126.91%.
The stock’s 5-day moving average is $1.5340, reflecting a -11.76% or -$0.2000 change from its current price. NSTG is currently trading -47.74% above its 20-day SMA, -84.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -64.20% and SMA200 by-78.75%.
Stochastic %K and %D was 5.31% and 3.98% and the average true range (ATR) pointed at 0.2305. The RSI (14) points at 28.81%, while the 14-day stochastic is at 8.62% with the period’s ATR at 0.2481. The stock’s 9-day MACD Oscillator is pointing at -0.1633 and -0.2519 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for NSTG stock have a consensus rating for the stock as Buy. 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 5 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 $7.00 and a high of $24.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Nanostring Technologies Inc (NSTG) stock is $12.86.
