Natera Inc (NTRA): Not A Time To Panic Nor Freeze

Natera Inc (NTRA) concluded trading on Wednesday at a closing price of $92.90, with 6.15 million shares of worth about $571.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 83.85% during that period and on March 20, 2024 the price saw a gain of about 1.80%. Currently the company’s common shares owned by public are about 119.58M shares, out of which, 112.88M shares are available for trading.

Stock saw a price change of 4.43% in past 5 days and over the past one month there was a price change of 31.94%. Year-to-date (YTD), NTRA shares are showing a performance of 48.31% which increased to 65.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.90 but also hit the highest price of $93.48 during that period. The average intraday trading volume for Natera Inc shares is 1.44 million. The stock is currently trading 9.90% above its 20-day simple moving average (SMA20), while that difference is up 25.38% for SMA50 and it goes to 64.27% higher than SMA200.

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Natera Inc (NASDAQ: NTRA) currently have 119.58M outstanding shares and institutions hold larger chunk of about 92.39% of that.

The stock has a current market capitalization of $11.22B and its 3Y-monthly beta is at 1.37. It has posted earnings per share of -$3.80 in the same period. It has Quick Ratio of 3.96 while making debt-to-equity ratio of 0.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTRA, volatility over the week remained 3.27% while standing at 3.81% over the month.

Analysts are in expectations that Natera Inc (NTRA) stock would likely to be making an EPS of -$0.71 in the current quarter, while forecast for next quarter EPS is -$0.62 and it is -$1.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.78 which is -$0.63 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 -$1.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.18% while it is estimated to increase by 48.02% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on February 20, 2024 offering an Outperform rating for the stock and assigned a target price range of between $68 and $85 to it. Coverage by BTIG Research stated Natera Inc (NTRA) stock as a Buy in their note to investors on December 29, 2023, suggesting a price target of $85 for the stock. On December 14, 2023, Guggenheim Initiated their recommendations, while on December 13, 2023, Wolfe Research Initiated their ratings for the stock with a price target of $70. Stock get a Strong buy rating from Raymond James on November 13, 2023.

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