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

Key Points

• Oxford Nanopore Technologies' stock dropped 12.8%, trading as low as GBX 159.96 ($2.17) compared to its previous close of GBX 185.30 ($2.51).
• Analysts have increased their price targets, with Citigroup raising its target to GBX 240 and Berenberg Bank setting it at GBX 250, reflecting a consensus rating of "Buy."
• The company's financial metrics show a negative net margin of 94.82% and a substantial debt-to-equity ratio of 8.07, indicating significant financial challenges.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was down 12.8% during mid-day trading on Tuesday . The stock traded as low as GBX 159.96 ($2.15) and last traded at GBX 161.60 ($2.17). Approximately 3,482,561 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.49).

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ONT shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 250 target price on shares of Oxford Nanopore Technologies in a research note on Friday, August 29th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 target price on shares of Oxford Nanopore Technologies in a research note on Tuesday. Finally, Citigroup raised their target price 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. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Oxford Nanopore Technologies currently has a consensus rating of "Buy" and a consensus target price of GBX 246.67.

Oxford Nanopore Technologies Stock Down 0.1%

The firm's 50 day moving average is GBX 181.93 and its two-hundred day moving average is GBX 138.82. The firm has a market cap of £1.57 billion, a P/E ratio of -1,021.03 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

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

About Oxford Nanopore Technologies

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