NanoString Technologies Inc. (NASDAQ: NSTG)’s stock price has dropped by -9.74 in relation to previous closing price of 6.26. Nevertheless, the company has seen a loss of -30.59% in its stock price over the last five trading days.
Is It Worth Investing in NanoString Technologies Inc. (NASDAQ: NSTG) Right Now?
Additionally, the 36-month beta value for NSTG is 1.66. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for NSTG is $16.43, which is $10.78 above the current price. The public float for NSTG is 46.24M and currently, short sellers hold a 9.31% ratio of that float. The average trading volume of NSTG on May 24, 2023 was 832.38K shares.
NSTG’s Market Performance
NSTG’s stock has seen a -30.59% decrease for the week, with a -43.44% drop in the past month and a -42.29% fall in the past quarter. The volatility ratio for the week is 17.85%, and the volatility levels for the past 30 days are at 10.10% for NanoString Technologies Inc. The simple moving average for the past 20 days is -33.55% for NSTG’s stock, with a -44.86% simple moving average for the past 200 days.
NSTG Trading at -37.19% 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 -69.48% of loss for the given period.
Volatility was left at 10.10%, however, over the last 30 days, the volatility rate increased by 17.85%, as shares sank -38.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.43% lower at present.
During the last 5 trading sessions, NSTG fell by -30.59%, which changed the moving average for the period of 200-days by -63.31% in comparison to the 20-day moving average, which settled at $8.32. In addition, NanoString Technologies Inc. saw -29.11% 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 WAITE CHARLES P JR, who purchase 12,000 shares at the price of $8.35 back on Mar 13. After this action, WAITE CHARLES P JR now owns 23,300 shares of NanoString Technologies Inc., valued at $100,200 using the latest closing price.
Norden Gregory, the Director of NanoString Technologies Inc., purchase 12,500 shares at $9.84 during a trade that took place back on Mar 07, which means that Norden Gregory is holding 23,800 shares at $123,000 based on the most recent closing price.
Stock Fundamentals for NSTG
Current profitability levels for the company are sitting at:
- -119.58 for the present operating margin
- +48.55 for the gross margin
The net margin for NanoString Technologies Inc. stands at -125.37. The total capital return value is set at -41.98, while invested capital returns managed to touch -44.65. Equity return is now at value -253.00, with -43.90 for asset returns.
Based on NanoString Technologies Inc. (NSTG), the company’s capital structure generated 546.78 points at debt to equity in total, while total debt to capital is 84.54. Total debt to assets is 70.88, with long-term debt to equity ratio resting at 534.74. Finally, the long-term debt to capital ratio is 82.68.
When we switch over and look at the enterprise to sales, we see a ratio of 2.65, with the company’s debt to enterprise value settled at 0.59. The receivables turnover for the company is 3.55 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.87.
Conclusion
In conclusion, NanoString Technologies Inc. (NSTG) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
