Oxford Nanopore Technologies (LON:ONT) Reaches New 52-Week Low - What's Next?

Key Points

• 52-week low: Oxford Nanopore shares fell to a new 52-week low, trading as low as GBX 105.60 (last GBX 105.90) on heavy volume of 1,492,160 shares versus a prior close of GBX 114.50.
• Analyst backdrop: Four analysts rate the stock Buy and one Hold, giving a consensus rating of Moderate Buy with an average price target of GBX 218.60; notable recent notes include Deutsche Bank raising its PT to GBX 225 and RBC cutting its PT to GBX 225 (outperform), while Berenberg maintains GBX 250 (buy).
• Weak fundamentals and technicals: The company reported negative EPS (GBX -15.10) with negative ROE and net margin, a market cap of £1.01bn, and the share price sits below both the 50-day (GBX 127.76) and 200-day (GBX 135.99) moving averages, signaling ongoing earnings and technical pressure.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 105.60 and last traded at GBX 105.90, with a volume of 1492160 shares. The stock had previously closed at GBX 114.50.

Analyst Ratings Changes

Several analysts have recently weighed in on ONT shares. Deutsche Bank Aktiengesellschaft boosted their price target on Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Royal Bank Of Canada dropped their price objective on shares of Oxford Nanopore Technologies from GBX 300 to GBX 225 and set an "outperform" rating for the company in a report on Tuesday, March 24th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 218.60.

Oxford Nanopore Technologies Price Performance

The stock has a market capitalization of £1.01 billion, a price-to-earnings ratio of -6.93 and a beta of 0.88. The company has a fifty day simple moving average of GBX 127.76 and a 200 day simple moving average of GBX 135.99. The company has a debt-to-equity ratio of 8.96, a quick ratio of 6.01 and a current ratio of 3.56.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its earnings results on Monday, March 2nd. The company reported GBX (15.10) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 29.43% and a negative net margin of 64.85%.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies' goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.