Oxford Nanopore Technologies (LON:ONT) Shares Down 12% - Time to Sell?

Key Points

• Oxford Nanopore Technologies' stock price fell by 12%, reaching a low of GBX 159.96 ($2.17) before closing at GBX 163.10 ($2.21).
• Analysts have set new price targets, with Royal Bank Of Canada and Berenberg Bank both targeting GBX 250, indicating overall strong confidence in the stock as it maintains an average rating of "Buy."
• The company reported a negative earnings per share of GBX (7.50) and a significant negative net margin of 94.82%, with a market cap of £1.55 billion.

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) fell 12% during trading on Tuesday . The company traded as low as GBX 159.96 ($2.16) and last traded at GBX 163.10 ($2.20). 7,094,979 shares were traded during mid-day trading, an increase of 22% from the average session volume of 5,798,012 shares. The stock had previously closed at GBX 185.30 ($2.50).

Wall Street Analysts Forecast Growth

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

Oxford Nanopore Technologies Price Performance

The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The firm has a market cap of £1.56 billion, a P/E ratio of -1,096.04 and a beta of 0.80. The company has a 50-day moving average of GBX 183 and a 200 day moving average of GBX 139.31.

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

Oxford Nanopore Technologies Company Profile

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