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Oxford Nanopore Technologies (LON:ONT) Issues Earnings Results

Oxford Nanopore Technologies logo with Medical background

Key Points

  • Oxford Nanopore Technologies reported a quarterly earnings loss of GBX 7.50 per share, with negative return on equity of 26.02% and a net margin of 94.82%.
  • The company's stock declined 6.5% following the earnings announcement, opening at GBX 173.20, while its market capitalization stands at £1.66 billion.
  • Analysts have a consensus "Buy" rating for the stock, with a price target averaging GBX 232.50, following recent upgrades by several financial institutions.
  • Five stocks to consider instead of Oxford Nanopore Technologies.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX (7.50) EPS for the quarter, Digital Look Earnings reports. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Stock Performance

Shares of Oxford Nanopore Technologies stock traded down GBX 0.99 during trading hours on Friday, reaching GBX 162.21. 37,216,852 shares of the stock traded hands, compared to its average volume of 5,908,114. The company has a 50 day moving average price of GBX 183 and a 200 day moving average price of GBX 139.31. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of -1,096.04 and a beta of 0.80. Oxford Nanopore Technologies has a one year low of GBX 88.60 and a one year high of GBX 224.80. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ONT. Citigroup raised their price target on shares of Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 250 target price on shares of Oxford Nanopore Technologies in a research note on Friday, August 29th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 246.67.

View Our Latest Analysis on ONT

About Oxford Nanopore Technologies

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