NanoString Technologies Inc. [NASDAQ:NSTG] price is worthing noting Wednesday. The current price is $41.96 with a high of $45.235 and $41.03. Analysts see the the current price target is $44.00.
To ground this price against the rest of the market, over the last two 52 weeks, the company is trading 106.29%, while the S&P 500 is trading 1.71%. Traders should note that the company’s next earning date is 11/09/2020. The company has price per sales of 13.98.
The Bears are coming
Holding a Market Cap of $1.63 billion, NanoString Technologies Inc. has seen a trading range over the last year of $13.85-$46.93.
For the last five days, NSTG is down from its last closing price. The average shares trading hands each day is 367.71K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for NSTG. When we apply the Elder Force Index to NanoString Technologies Inc., we are seeing an Elder Force Indicator number of -2473364.25.
In the last quarter, NSTG made a profit of 11.89 million. NanoString Technologies Inc. also saw quarter revenue growth year over year of 17.65%.
Looking at popular technical indicators, the company’s 5-day moving average is 43.78 compared to the 50-day moving average of 8.30%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. NSTG currently holds a 9-day RSI of 39.86%, while 100-day RSI stands at 54.08%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. NSTG’s 9-day MACD is -0.85 and the company’s 100-day MACD stands at 6.59.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.86% by insiders and 112.35% by institutions. Regarding institutional holdings, FMR, LLC owns 14.83%, while the second top holder, Morgan Stanley, currently owns 11.78%.
Over the last six months, insiders have sold 1,500 with the most recent transaction from HERSHBERG ROBERT, Director, with a sell at price 43.62 per share.
Overall, the recommended rating for NSTG is Moderate Buy. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is -0.62. Quarterly revenue estimates are averaging 27.82M with the high estimate reaching 30.1M and the low at 25.82M.
To review, the current 1-year target estimate is sitting at 40.00, while the current price 41.96. Based on this, we expect some pullback on the stock over time given our above analysis.