Oxford Nanopore Technologies (LON:ONT) Hits New 52-Week High – Time to Buy?

Oxford Nanopore Technologies plc (LON:ONT – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 238.80 and last traded at GBX 238.25, with a volume of 3831140 shares changing hands. The stock had previously closed at GBX 220.

Analysts Set New Price Targets

ONT has been the subject of several analyst reports. Peel Hunt reiterated a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. Berenberg Bank cut their target price on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 195 price target on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Citigroup downgraded shares of Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Oxford Nanopore Technologies has an average rating of “Moderate Buy” and a consensus target price of GBX 198.60.

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Oxford Nanopore Technologies Stock Up 5.3%

The company’s fifty day simple moving average is GBX 157.22 and its 200 day simple moving average is GBX 132.75. The company has a current ratio of 3.52, a quick ratio of 6.01 and a debt-to-equity ratio of 9.86. The firm has a market capitalization of £2.26 billion, a P/E ratio of -18.53 and a beta of 0.96.

Oxford Nanopore Technologies (LON:ONT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 54.66% and a negative return on equity of 35.45%.

Insiders Place Their Bets

In other news, insider Nick Keher bought 15,325 shares of Oxford Nanopore Technologies stock in a transaction on Friday, September 4th. The shares were purchased at an average price of GBX 162 per share, for a total transaction of £24,826.50. Over the last quarter, insiders purchased 15,993 shares of company stock worth $2,572,680. Insiders own 2.54% of the company’s stock.

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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