Nanostring Technologies Inc (NSTG) Volatility Spurs A Quest For Clarity

Currently, there are 46.72M common shares owned by the public and among those 46.60M shares have been available to trade.

Insiders at the company have transacted a total of 40 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 328,065 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 34,006 shares.

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However, the script later moved the day high at 0.1872, down -78.02%. The company’s stock has a 5-day price change of -76.10% and -92.70% over the past three months. NSTG shares are trading -86.25% year to date (YTD), with the 12-month market performance down to -99.18% lower. It has a 12-month low price of $0.36 and touched a high of $12.67 over the same period. NSTG has an average intraday trading volume of 1.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -77.12%, -81.11%, and -96.67% respectively.

Institutional ownership of Nanostring Technologies Inc (NASDAQ: NSTG) shares accounts for 115.40% of the company’s 46.72M shares outstanding.

It has a market capitalization of $4.95M and a beta (3y monthly) value of 1.24. The earnings-per-share (ttm) stands at -$3.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 31.64% over the week and 17.93% over the month.

Analysts forecast that Nanostring Technologies Inc (NSTG) will achieve an EPS of -$0.63 for the current quarter, -$0.53 for the next quarter and -$1.69 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.23 while analysts give the company a high EPS estimate of -$0.4. Comparatively, EPS for the current quarter was -$0.95 a year ago. Earnings per share for the fiscal year are expected to increase by 5.11%, and 47.06% over the next financial year.

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