Oxford Nanopore Technologies (LON:ONT) Hits New 1-Year High – Time to Buy?

Oxford Nanopore Technologies plc (LON:ONT) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 191.50 and last traded at GBX 191.20, with a volume of 2928367 shares changing hands. The stock had previously closed at GBX 182.50.

Analyst Ratings Changes

Several brokerages recently weighed in on ONT. JPMorgan Chase & Co. upped their price objective on Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Citigroup cut Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th. Peel Hunt reissued a “hold” rating and set a GBX 153 target price on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 target price on shares of Oxford Nanopore Technologies in a research note on Thursday, August 20th. Finally, Berenberg Bank dropped their target price 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 198.60.

Oxford Nanopore Technologies Trading Down 2.0%

The business’s 50 day simple moving average is GBX 150.40 and its two-hundred day simple moving average is GBX 130.57. The stock has a market cap of £2.08 billion, a P/E ratio of -17.06 and a beta of 0.96. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86.

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

Insiders Place Their Bets

In other news, insider Nick Keher bought 15,325 shares of the stock in a transaction on Friday, September 4th. The stock was acquired at an average price of GBX 162 per share, with a total value of £24,826.50. In the last 90 days, insiders acquired 15,993 shares of company stock worth $2,572,680. Insiders own 2.54% of the company’s stock.

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.