Oxford Nanopore Technologies (LON:ONT) Trading Down 9.1% - Time to Sell?

Key Points

• Oxford Nanopore Technologies' stock dropped by 9.1%, closing at GBX 168.40 ($2.28), following a prior close of GBX 185.30 ($2.51).
• Despite the stock's decline, several analysts maintained a "buy" rating, with price targets ranging from GBX 240 to GBX 250.
• The company reported a negative net margin of 94.82% in its latest earnings, indicating significant financial challenges.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price was down 9.1% on Tuesday . The company traded as low as GBX 166.50 ($2.26) and last traded at GBX 168.40 ($2.28). Approximately 6,459,540 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 5,794,252 shares. The stock had previously closed at GBX 185.30 ($2.51).

Analyst Upgrades and Downgrades

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

Oxford Nanopore Technologies Stock Performance

The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The company's 50-day moving average is GBX 180.45 and its two-hundred day moving average is GBX 138.49. The company has a market capitalization of £1.56 billion, a P/E ratio of -1,014.81 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported GBX (7.50) 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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