Oxford Nanopore Technologies (LON:ONT) Stock Price Down 12.8% - What's Next?

Key Points

• Oxford Nanopore Technologies stock experienced a significant decline of 12.8%, trading at GBX 161.60 ($2.19) after a lower session close.
• Analysts remain optimistic, with five analysts issuing a "Buy" rating and price targets ranging from GBX 240 to GBX 250, contributing to a consensus average target price of GBX 232.50.
• The company reported a negative earnings per share (EPS) of GBX (7.50) and a net margin of 94.82%, indicating substantial financial challenges despite high analyst ratings.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was down 12.8% on Tuesday . The company traded as low as GBX 159.96 ($2.17) and last traded at GBX 161.60 ($2.19). Approximately 3,482,561 shares traded 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 ($2.51).

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ONT shares. Citigroup upped their price target on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Berenberg Bank restated a "buy" rating and issued a GBX 250 price target on shares of Oxford Nanopore Technologies in a research report on Tuesday. Finally, 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. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 232.50.

Oxford Nanopore Technologies Price Performance

The stock has a fifty day simple moving average of GBX 180.45 and a two-hundred day simple moving average of GBX 138.49. 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 company has a market cap of £1.55 billion, a PE ratio of -1,010.00 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 net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

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