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

NanoString Technologies Inc. (NASDAQ:NSTG) went down by -11.83% from its latest closing price compared to the recent 1-year high of $57.87. The company’s stock price has collected -13.16% of loss in the last five trading sessions.

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

Plus, the 36-month beta value for NSTG is at 1.83. Opinions of the stock are interesting as 4 analysts out of 6 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 $27.50, which is $13.64 above the current price. NSTG currently public float of 46.09M and currently shorts hold a 9.92% ratio of that float. Today, the average trading volume of NSTG was 757.24K shares.

NSTG’s Market Performance

NSTG stocks went down by -13.16% for the week, with a monthly drop of -5.26% and a quarterly performance of 11.95%, while its annual performance rate touched -74.57%. The volatility ratio for the week stands at 7.97% while the volatility levels for the past 30 days are set at 7.46% for NanoString Technologies Inc. The simple moving average for the period of the last 20 days is -1.36% for NSTG stocks with a simple moving average of -43.92% for the last 200 days.

Analysts’ Opinion of NSTG

Many brokerage firms have already submitted their reports for NSTG stocks, with Canaccord Genuity repeating the rating for NSTG by listing it as a “Buy.” The predicted price for NSTG in the upcoming period, according to Canaccord Genuity is $50 based on the research report published on March 24th of the current year 2022.

Cowen, on the other hand, stated in their research note that they expect to see NSTG reach a price target of $75. The rating they have provided for NSTG stocks is “Outperform” according to the report published on January 06th, 2021.

Morgan Stanley gave a rating of “Equal-Weight” to NSTG, setting the target price at $43 in the report published on September 09th of the previous year.

NSTG Trading at -0.70% 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 -76.05% of loss for the given period.

Volatility was left at 7.46%, however, over the last 30 days, the volatility rate increased by 7.97%, as shares sank -3.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.00% lower at present.

During the last 5 trading sessions, NSTG fell by -13.16%, which changed the moving average for the period of 200-days by -66.28% in comparison to the 20-day moving average, which settled at $14.02. In addition, NanoString Technologies Inc. saw -67.18% 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 FINNEY ELISHA W, who sale 1,945 shares at the price of $12.41 back on Jun 17. After this action, FINNEY ELISHA W now owns 6,595 shares of NanoString Technologies Inc., valued at $24,137 using the latest closing price.

GRAY R BRADLEY, the President and CEO of NanoString Technologies Inc., sale 8,625 shares at $27.81 during a trade that took place back on Mar 15, which means that GRAY R BRADLEY is holding 202,298 shares at $239,844 based on the most recent closing price.

Stock Fundamentals for NSTG

Current profitability levels for the company are sitting at:

  • -74.59 for the present operating margin
  • +57.40 for the gross margin

The net margin for NanoString Technologies Inc. stands at -79.44. Equity return is now at value -87.90, with -30.40 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 8.20.

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