Oxford Nanopore Technologies (LON:ONT) Stock Price Down 12.8% - Should You Sell?

Key Points

• Oxford Nanopore Technologies (LON:ONT) saw its stock price decline by 12.8% in a single day, trading at GBX 161.60 ($2.16) after reaching a low of GBX 159.96 ($2.14).
• Despite the recent drop, multiple analysts maintain a buy rating for the stock, with target prices ranging from GBX 240 to GBX 250, indicating optimism about its future performance.
• The company has a market capitalization of £1.55 billion, but reported a negative net margin of 94.82% in its recent earnings, highlighting ongoing financial challenges.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares traded down 12.8% on Tuesday . The company traded as low as GBX 159.96 ($2.14) and last traded at GBX 161.60 ($2.16). 3,482,561 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.48).

Wall Street Analyst Weigh In

ONT has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 250 target price on shares of Oxford Nanopore Technologies in a report on Friday. Berenberg Bank restated a "buy" rating and issued a GBX 250 price target on shares of Oxford Nanopore Technologies in a report on Tuesday. Finally, Citigroup increased their price objective on shares of Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 232.50.

Oxford Nanopore Technologies Stock Performance

The company has a market capitalization of £1.55 billion, a price-to-earnings ratio of -1,010.00 and a beta of 0.80. The stock has a 50 day simple moving average of GBX 180.45 and a 200 day simple moving average of GBX 138.49. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted its 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 net margin of 94.82% and a negative return on equity of 26.02%.

About Oxford Nanopore Technologies

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