Oxford Nanopore Technologies (LON:ONT) Shares Up 12.7% – Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT – Get Free Report)’s share price rose 12.7% on Wednesday . The stock traded as high as GBX 142.20 and last traded at GBX 137.74. Approximately 261,358,125 shares changed hands during mid-day trading, an increase of 2,227% from the average session volume of 11,230,706 shares. The stock had previously closed at GBX 122.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ONT shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Citigroup cut shares of Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th. Peel Hunt reiterated a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Finally, Berenberg Bank dropped their price objective on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 200.75.

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View Our Latest Stock Analysis on ONT

Oxford Nanopore Technologies Trading Up 12.7%

The company has a fifty day moving average of GBX 118.16 and a two-hundred day moving average of GBX 122.69. The company has a quick ratio of 6.01, a current ratio of 3.56 and a debt-to-equity ratio of 8.96. The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of -9.12 and a beta of 0.91.

Oxford Nanopore Technologies (LON:ONT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported GBX (4.90) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 29.43% and a negative net margin of 64.85%.

Oxford Nanopore Technologies Company Profile

(Get Free Report)

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.

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