NanoString Technologies Inc. [NASDAQ: NSTG] gained 2.99% on the last trading session, reaching $33.74 price per share at the time. NanoString Technologies Inc. represents 37.73 million in outstanding shares, while the company has a total market value of $1.30 billion with the latest information. NSTG stock price has been found in the range of $32.035 to $33.75.
If compared to the average trading volume of 462.74K shares, NSTG reached a trading volume of 329835 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about NanoString Technologies Inc. [NSTG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NSTG shares is $33.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NSTG stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for NanoString Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 15, 2019. The new note on the price target was released on October 09, 2018, representing the official price target for NanoString Technologies Inc. stock.
The Average True Range (ATR) for NanoString Technologies Inc. is set at 1.77, with the Price to Sales ratio for NSTG stock in the period of the last 12 months amounting to 10.45. The Price to Book ratio for the last quarter was 9.24, with the Price to Cash per share for the same quarter was set at 6.96.
Trading performance analysis for NSTG stock
NanoString Technologies Inc. [NSTG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.12. With this latest performance, NSTG shares gained by 12.50% in over the last four-week period, additionally plugging by 23.18% over the last 6 months – not to mention a rise of 26.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NSTG stock in for the last two-week period is set at 60.39, with the RSI for the last a single of trading hit 63.79, and the three-weeks RSI is set at 58.26 for NanoString Technologies Inc. [NSTG]. The present Moving Average for the last 50 days of trading for this stock 30.44, while it was recorded at 32.95 for the last single week of trading, and 27.12 for the last 200 days.
NanoString Technologies Inc. [NSTG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and NanoString Technologies Inc. [NSTG] shares currently have an operating margin of -65.86 and a Gross Margin at +65.67. NanoString Technologies Inc.’s Net Margin is presently recorded at -32.41.
Return on Total Capital for NSTG is now -52.93, given the latest momentum, and Return on Invested Capital for the company is -26.36. Return on Equity for this stock declined to -57.72, with Return on Assets sitting at -19.98. When it comes to the capital structure of this company, NanoString Technologies Inc. [NSTG] has a Total Debt to Total Equity ratio set at 108.58. Additionally, NSTG Total Debt to Total Capital is recorded at 52.06, with Total Debt to Total Assets ending up at 43.54. Long-Term Debt to Equity for the company is recorded at 104.96, with the Long-Term Debt to Total Capital now at 50.32.
Reflecting on the efficiency of the workforce at the company, NanoString Technologies Inc. [NSTG] managed to generate an average of -$73,858 per employee. Receivables Turnover for the company is 5.65 with a Total Asset Turnover recorded at a value of 0.62.NanoString Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.30 and a Current Ratio set at 8.90.
NanoString Technologies Inc. [NSTG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, NanoString Technologies Inc. posted -0.57/share EPS, while the average EPS was predicted by analysts to be reported at -0.52/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NSTG.
An analysis of insider ownership at NanoString Technologies Inc. [NSTG]
There are presently around $1,396 million, in the hands of institutional investors. The top three institutional holders of NSTG stocks are: MORGAN STANLEY with ownership of 4,245,625, which is approximately -0.737% of the company’s market cap and around 0.60% of the total institutional ownership; SUMITOMO MITSUI TRUST HOLDINGS, INC., holding 3,599,096 shares of the stock with an approximate value of $117.91 million in NSTG stocks shares; and NIKKO ASSET MANAGEMENT AMERICAS, INC., currently with $117.9 million in NSTG stock with ownership of nearly -6.052% of the company’s market capitalization.
69 institutional holders increased their position in NanoString Technologies Inc. [NASDAQ:NSTG] by around 9,823,595 shares. Additionally, 53 investors decreased positions by around 5,672,497 shares, while 16 investors held positions by with 27,116,711 shares. The mentioned changes placed institutional holdings at 42,612,803 shares, according to the latest SEC report filing. NSTG stock had 25 new institutional investments in for a total of 5,355,298 shares, while 18 institutional investors sold positions of 2,941,033 shares during the same period.