Nanostring Technologies Inc [NASDAQ: NSTG] traded at a high on Friday, posting a 0.23 gain after which it closed the day’ session at $0.12.
The results of the trading session contributed to over 9.99M shares changing hands. Over the past one week, the price volatility of Nanostring Technologies Inc stands at 168.18% while the volatility over the past one month is 51.35%.
The market cap for NSTG stock reached $11.07 million, with 46.72 million shares outstanding and 46.60 million shares in the current float. Compared to the average trading volume of 41.71 shares, NSTG reached a trading volume of 9.99M in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $5.00 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 2.60. 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.
JP Morgan have made an estimate for Nanostring Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 27, 2023.
The Average True Range (ATR) for Nanostring Technologies Inc is set at 0.11, with the Price to Sales ratio for NSTG stock in the period of the last 12 months amounting to 0.07.
How has NSTG stock performed recently?
Nanostring Technologies Inc [NSTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -50.87. With this latest performance, NSTG shares dropped by -53.85% in over the last four-week period, additionally sinking by -92.70% over the last 6 months – not to mention a drop of -98.08% 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 40.19, with the RSI for the last a single of trading hit 42.41, and the three-weeks RSI is set at 39.29 for Nanostring Technologies Inc [NSTG]. The present Moving Average for the last 50 days of trading for this stock 0.5024, while it was recorded at 0.1188 for the last single week of trading, and 2.8490 for the last 200 days.
Nanostring Technologies Inc [NSTG]: Deeper insight into the fundamentals
Nanostring Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.02 and a Current Ratio set at 2.73.
Earnings analysis for Nanostring Technologies Inc [NSTG]
With the latest financial reports released by the company, Nanostring Technologies Inc posted -0.95/share EPS, while the average EPS was predicted by analysts to be reported at -0.58/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -63.80%. 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.
Insider trade positions for Nanostring Technologies Inc [NSTG]
The top three institutional holders of NSTG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NSTG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NSTG stock with ownership which is approximately 5.8325%.
