Oxford Nanopore Technologies (LON:ONT) Hits New 12-Month High – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 238.80 and last traded at GBX 238.25, with a volume of 3831140 shares trading hands. The stock had previously closed at GBX 220.

Wall Street Analysts Forecast Growth

ONT has been the topic of a number of research analyst reports. Citigroup lowered shares of Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Berenberg Bank decreased their price target on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a report on Wednesday, August 19th. Peel Hunt reissued a “hold” rating and set a GBX 153 price objective on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their target price on Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an “overweight” rating in a report on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 target price on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 198.60.

Oxford Nanopore Technologies Price Performance

The stock has a market cap of £2.07 billion, a P/E ratio of -16.94 and a beta of 0.96. The company has a current ratio of 3.52, a quick ratio of 6.01 and a debt-to-equity ratio of 9.86. The company’s fifty day simple moving average is GBX 161.82 and its 200-day simple moving average is GBX 134.20.

Oxford Nanopore Technologies (LON:ONT) last issued its earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share for the quarter. Oxford Nanopore Technologies had a negative net margin of 54.66% and a negative return on equity of 35.45%.

Insider Activity at Oxford Nanopore Technologies

In related news, insider Nick Keher purchased 15,325 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of GBX 162 per share, with a total value of £24,826.50. In the last ninety days, insiders purchased 15,993 shares of company stock worth $2,572,680. 2.53% of the stock is owned by company insiders.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.