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Nanobiotix (NASDAQ:NBTX) Sees Unusually-High Trading Volume - Here's What Happened

Nanobiotix logo with Medical background

Key Points

  • Nanobiotix experienced a significant increase in trading volume, with approximately 37,997 shares traded, marking a 136% rise from the previous session.
  • Shares of Nanobiotix are currently valued at $11.64, down 3.3% from the prior closing price of $12.31.
  • Analyst ratings for Nanobiotix show a "Moderate Buy" consensus, with a target price set at $11.00 by equities research analysts.
  • Five stocks we like better than Nanobiotix.

Shares of Nanobiotix S.A. Sponsored ADR (NASDAQ:NBTX - Get Free Report) saw an uptick in trading volume on Friday . 37,997 shares traded hands during trading, an increase of 136% from the previous session's volume of 16,124 shares.The stock last traded at $11.64 and had previously closed at $12.31.

Analyst Ratings Changes

Several research analysts have issued reports on NBTX shares. HC Wainwright reiterated a "buy" rating on shares of Nanobiotix in a report on Friday. Leerink Partners set a $14.00 price target on Nanobiotix in a report on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.00.

Read Our Latest Report on NBTX

Nanobiotix Trading Down 6.0%

The stock has a 50-day moving average of $7.97 and a 200 day moving average of $5.32.

Institutional Trading of Nanobiotix

A hedge fund recently bought a new stake in Nanobiotix stock. Jane Street Group LLC bought a new position in Nanobiotix S.A. Sponsored ADR (NASDAQ:NBTX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,283 shares of the company's stock, valued at approximately $73,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

About Nanobiotix

(Get Free Report)

Nanobiotix SA, a clinical-stage biotechnology, focuses on developing product candidates for the treatment of cancer and other unmet medical needs. Its lead product candidate is NBTXR3, a sterile aqueous suspension of crystalline hafnium oxide nanoparticles used for the treatment of soft tissue sarcoma, head and neck cancers, liver cancers, prostate cancer, pancreatic cancer, esophageal cancer, rectal cancer, and non-small cell lung cancer.

Further Reading

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