Oxford Nanopore Technologies (LON:ONT) Stock Price Up 6% – Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT) shot up 6% during trading on Monday . The company traded as high as GBX 128.40 ($1.70) and last traded at GBX 122.86 ($1.63). 76,032,922 shares changed hands during trading, an increase of 620% from the average session volume of 10,559,232 shares. The stock had previously closed at GBX 115.90 ($1.53).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective on shares of Oxford Nanopore Technologies from GBX 282 ($3.73) to GBX 250 ($3.31) and set a “buy” rating for the company in a report on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Performance

The business has a 50 day moving average price of GBX 110.82 and a two-hundred day moving average price of GBX 131.05. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The company has a market cap of £1.12 billion, a P/E ratio of -6.33 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Insider Transactions at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider John O’Higgins acquired 77,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of GBX 97 ($1.28) per share, for a total transaction of £74,690 ($98,848.60). Also, insider Kate Priestman bought 17,726 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of GBX 112 ($1.48) per share, for a total transaction of £19,853.12 ($26,274.64). In the last three months, insiders have acquired 94,964 shares of company stock worth $9,484,318. 32.62% of the stock is currently owned by insiders.

About Oxford Nanopore Technologies

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.