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We Analyzed the Future Direction of NanoString Technologies Inc. (NSTG), Here is What We Found

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NanoString Technologies Inc. (NASDAQ:NSTG) went up by 9.42% from its latest closing price compared to the recent 1-year high of $86.42. The company’s stock price has collected -10.65% of loss in the last five trading sessions. Press Release reported 6 hours ago that NanoString Reports Inducement Grant Under Nasdaq Listing Rules

Is It Worth Investing in NanoString Technologies Inc. (NASDAQ :NSTG) Right Now?

Plus, the 36-month beta value for NSTG is at 1.76. Opinions of the stock are interesting as 3 analysts out of 5 who provided ratings for NanoString Technologies Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $71.80, which is $34.4 above the current price. NSTG currently public float of 44.81M and currently shorts hold a 7.53% ratio of that float. Today, the average trading volume of NSTG was 567.29K shares.

NSTG’s Market Performance

NSTG stocks went down by -10.65% for the week, with a monthly drop of -4.42% and a quarterly performance of -10.89%, while its annual performance rate touched -45.83%. The volatility ratio for the week stands at 10.81% while the volatility levels for the past 30 days are set at 7.57% for NanoString Technologies Inc.. The simple moving average for the period of the last 20 days is -4.58% for NSTG stocks with a simple moving average of -31.45% for the last 200 days.

Analysts’ Opinion of NSTG

Many brokerage firms have already submitted their reports for NSTG stocks, with Cowen repeating the rating for NSTG by listing it as a “Outperform.” The predicted price for NSTG in the upcoming period, according to Cowen is $75 based on the research report published on January 06th of the previous year 2021.

Morgan Stanley, on the other hand, stated in their research note that they expect to see NSTG reach a price target of $43. The rating they have provided for NSTG stocks is “Equal-Weight” according to the report published on September 09th, 2020.

NSTG Trading at -11.90% from the 50-Day Moving Average

After a stumble in the market that brought NSTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.72% of loss for the given period.

Volatility was left at 7.57%, however, over the last 30 days, the volatility rate increased by 10.81%, as shares sank -2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.21% lower at present.

During the last 5 trading sessions, NSTG fell by -10.65%, which changed the moving average for the period of 200-days by -40.65% in comparison to the 20-day moving average, which settled at $39.15. In addition, NanoString Technologies Inc. saw -11.44% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NSTG starting from Bailey K Thomas, who sale 7,843 shares at the price of $46.74 back on Nov 17. After this action, Bailey K Thomas now owns 0 shares of NanoString Technologies Inc., valued at $366,580 using the latest closing price.

GRAY R BRADLEY, the President and CEO of NanoString Technologies Inc., sale 25,000 shares at $46.29 during a trade that took place back on Nov 10, which means that GRAY R BRADLEY is holding 123,324 shares at $1,157,299 based on the most recent closing price.

Stock Fundamentals for NSTG

Current profitability levels for the company are sitting at:

  • -75.05 for the present operating margin
  • +59.59 for the gross margin

The net margin for NanoString Technologies Inc. stands at -93.83. The total capital return value is set at -24.23, while invested capital returns managed to touch -30.63. Equity return is now at value -45.30, with -21.10 for asset returns.

Based on NanoString Technologies Inc. (NSTG), the company’s capital structure generated 66.01 points at debt to equity in total, while total debt to capital is 39.76. Total debt to assets is 37.23, with long-term debt to equity ratio resting at 64.61. Finally, the long-term debt to capital ratio is 38.92.

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When we switch over and look at the enterprise to sales, we see a ratio of 9.52, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 4.03 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.45.

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