Nanostring Technologies Inc (NSTG) concluded trading on 12/21/23 at a closing price of $0.79, with 1.83 million shares of worth about $1.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -80.46% during that period and on Thursday the price saw a gain of about 19.85%. Currently the company’s common shares owned by public are about 46.72M shares, out of which, 46.60M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the NSTG stock and their offered price forecasts bring an average price target of $4.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $0.75. The stock’s current price level is 83.74% above of average price target set by the analysts, while a rise to estimated low would result in loss of -5.33% for the stock. However, touching the estimated high of $15.00 would mean a gain of 94.73% for the stock.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 48 times over the past 12 months. They bought 369,460 shares in 35 of the transactions. In 13 selling transactions, insiders dumped 49,389 shares.
Nanostring Technologies Inc (NASDAQ: NSTG) started trading at $0.65, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.8000, or with a gain of 19.85%. Stock saw a price change of 36.61% in past 5 days and over the past one month there was a price change of 57.55%. Year-to-date (YTD), NSTG shares are showing a performance of -90.12% which decreased to -89.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.47 but also hit the highest price of $13.20 during that period. The average intraday trading volume for Nanostring Technologies Inc shares is 1.83 million. The stock is currently trading 39.38% above its 20-day simple moving average (SMA20), while that difference is down -24.68% for SMA50 and it goes to -81.89% lower than SMA200.
Nanostring Technologies Inc (NASDAQ: NSTG) currently have 46.72M outstanding shares and institutions hold larger chunk of about 117.46% of that.
The stock has a current market capitalization of $37.88M and its 3Y-monthly beta is at 1.37. It has posted earnings per share of -$3.53 in the same period. It has Quick Ratio of 2.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NSTG, volatility over the week remained 19.81% while standing at 12.12% over the month.
Analysts are in expectations that Nanostring Technologies Inc (NSTG) stock would likely to be making an EPS of -$0.63 in the current quarter, while forecast for next quarter EPS is -$0.54 and it is -$1.69 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.23 which is -$0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.95 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.49% while it is estimated to increase by 47.36% in next year.
Analysts at 7 brokerage firms have issued recommendations for the Nanostring Technologies Inc (NSTG)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.14. Out of those 7 Wall Street analysts, 3 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
