NanoString Technologies Inc. (NASDAQ:NSTG) went down by -6.18% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Biotechnology giant went up by $31.28 to trade ended Wednesday trading at $33.34. This is down from the $33.34 price recorded on Tuesday’s trading session. Thanks to this latest performance, NSTG is closer to the higher price 52-week target of $38.00 and further from the lowest price target of $25.00. Its performance from the start of the year has also been positive, with NSTG up by 12.44% year-to-date.
NanoString Technologies Inc. (NSTG) started the day trading at $33.02 and recorded an intraday high of $33.16. It also recorded an intraday low of $31.11 during Wednesday’s trading session. NanoString Technologies Inc. is a very active stock that recorded a trading volume that is less than -1.43% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 442318, which is less than -1.43 of the total average daily trading volume of 448.66K.
NanoString Technologies Inc. (NASDAQ:NSTG) 2020 Performance Impressive
The increase in NSTG’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of NSTG currently stands at $36.43, which is higher than the current trading price of the stock by 14.14%. However, NSTG’s current trading price is -125.85% lower than the 52-week low price of $13.85. In terms of trading volume, NanoString Technologies Inc. currently experienced healthy participation during the last trading session. 442318 shares of NanoString Technologies Inc. were traded on the stock exchange on Wednesday, which is less than -1.43% of the 448.66K average trading volume of the stock.
The performance of the stock has been positive over the past year. NSTG’s performance over the past one year has seen it surge by 19.16%, while the stock has gone up by 11.12% in the last six months. The quarterly performance of NSTG currently stands at 24.03%, and it is up by 2.76% in the last month. The only negative figure was from the weekly performance, which currently reads -5.01%. At the time of writing NSTG’s report, the company has a total market cap of $1.21B, making it one of the largest publicly-traded companies in the world.NanoString Technologies Inc. also has over 551 employees all over the world.
NSTG Insider Activities
The insider transactions over the past six months are up by 95.10%.For NanoString Technologies Inc. insiders bought 444,017 shares in 56 transactions. In that same period, insiders sold 351,839 of their shares in 50 transactions. After these transactions, insiders at NanoString Technologies Inc. now hold 325.98k shares, which is over 112.35% of the total company stocks. Institutional investors currently hold a large chunk of the NSTG shares, as they control 0.86% of the company’s total stock.
NSTG Fundamental Analysis
For NanoString Technologies Inc., the stock’s diluted earnings per share (EPS) stands at -1.59. In the coming year, analysts expect the EPS to be -1.94. The stock’s EPS growth this year is 57.60%, 15.90% in the previous five years. In terms of revenue, NanoString Technologies Inc.’s quarterly sales (YOY) is shrinking at -0.52, which is lower than the average annual revenue of 15.90% over the past half a decade.
The Return on Investment (ROI) on NanoString Technologies Inc.’s stock currently stands at -18.50%, and it has a net profit margin of -46.10%. The operating margin of the company is -38.70%, and its gross margin is 62.80%.
NSTG Analysts Prediction
and Robert W. Baird reiterate their Outperform position on the stock ($12 and $18).
At the moment, NanoString Technologies Inc.’s Total Debt to Equity ratio stands at 1.22, and they have a long-term Debt to Equity ratio of 1.22.
NSTG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of NSTG currently stands at -0.75%, while the SMA50 is 2.24%. The biggest one is the SMA200, which is currently reading 15.16% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 48.37.