In the past week, NSTG stock has gone up by 1.80%, with a monthly decline of -39.07% and a quarterly plunge of -66.14%. The volatility ratio for the week is 16.92%, and the volatility levels for the last 30 days are 11.79% for NanoString Technologies Inc. The simple moving average for the last 20 days is -27.87% for NSTG stock, with a simple moving average of -76.01% for the last 200 days.
Is It Worth Investing in NanoString Technologies Inc. (NASDAQ: NSTG) Right Now?
Moreover, the 36-month beta value for NSTG is 1.60. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for NanoString Technologies Inc. (NSTG) is $12.86, which is $11.16 above the current market price. The public float for NSTG is 46.74M and currently, short sellers hold a 15.80% of that float. On September 19, 2023, NSTG’s average trading volume was 1.50M shares.
NSTG) stock’s latest price update
NanoString Technologies Inc. (NASDAQ: NSTG) has seen a decline in its stock price by 0.00 in relation to its previous close of 1.70. However, the company has experienced a 1.80% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-12 that According to NanoString (NSTG), SMI’s unique ability to interrogate both RNA and proteins at ultra-high plex with subcellular resolution has made it a one-of-a-kind tool.
Analysts’ Opinion of NSTG
Many brokerage firms have already submitted their reports for NSTG stocks, with JP Morgan repeating the rating for NSTG by listing it as a “Overweight.” The predicted price for NSTG in the upcoming period, according to JP Morgan is $18 based on the research report published on July 05, 2023 of the current year 2023.
NSTG Trading at -48.24% 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 -88.99% of loss for the given period.
Volatility was left at 11.79%, however, over the last 30 days, the volatility rate increased by 16.92%, as shares sank -37.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.05% lower at present.
During the last 5 trading sessions, NSTG rose by +1.80%, which changed the moving average for the period of 200-days by -72.18% in comparison to the 20-day moving average, which settled at $2.3057. In addition, NanoString Technologies Inc. saw -78.67% 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 purchase 15,000 shares at the price of $5.76 back on May 26. After this action, Bailey K Thomas now owns 75,388 shares of NanoString Technologies Inc., valued at $86,445 using the latest closing price.
GRAY R BRADLEY, the President and CEO of NanoString Technologies Inc., purchase 30,000 shares at $5.80 during a trade that took place back on May 25, which means that GRAY R BRADLEY is holding 338,395 shares at $174,000 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 -548.30, with -49.20 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 0.93, 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
To wrap up, the performance of NanoString Technologies Inc. (NSTG) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
