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Oxford Nanopore Technologies (LON:ONT) Shares Down 12.8% - Here's What Happened

Oxford Nanopore Technologies logo with Medical background

Key Points

  • Oxford Nanopore Technologies' shares plummeted 12.8% during trading, closing at GBX 161.60 ($2.16) after falling from a previous close of GBX 185.30 ($2.48).
  • Despite the stock's recent drop, several analysts maintain a "buy" rating, with price targets set around GBX 240-250, indicating potential upside.
  • The company reported a negative net margin of 94.82% and EPS of GBX (7.50) in its latest quarterly earnings, reflecting ongoing financial challenges.
  • Interested in Oxford Nanopore Technologies? Here are five stocks we like better.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price fell 12.8% on Tuesday . The stock traded as low as GBX 159.96 ($2.16) and last traded at GBX 161.60 ($2.18). 3,482,561 shares were traded during trading, a decline of 40% from the average session volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.50).

Analyst Ratings Changes

Several research firms recently weighed in on ONT. Berenberg Bank restated a "buy" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a report on Tuesday, September 2nd. Citigroup upped their price objective on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 246.67.

Check Out Our Latest Research Report on ONT

Oxford Nanopore Technologies Stock Down 0.6%

The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The business has a 50-day moving average price of GBX 183 and a 200-day moving average price of GBX 139.37. The firm has a market cap of £1.56 billion, a P/E ratio of -1,096.04 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported GBX (7.50) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Company Profile

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Further Reading

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