Oxford Nanopore Technologies (LON:ONT) Hits New 1-Year Low at $91.24

Oxford Nanopore Technologies plc (LON:ONT)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 91.24 ($1.13) and last traded at GBX 93.65 ($1.16), with a volume of 609717 shares trading hands. The stock had previously closed at GBX 102.60 ($1.27).

Wall Street Analysts Forecast Growth

ONT has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating and issued a GBX 210 ($2.59) target price on shares of Oxford Nanopore Technologies in a report on Friday, April 12th. Berenberg Bank reissued a “buy” rating and set a GBX 350 ($4.32) price objective on shares of Oxford Nanopore Technologies in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 303.75 ($3.75).

Oxford Nanopore Technologies Stock Up 4.1 %

The business’s fifty day moving average price is GBX 123.79 and its 200 day moving average price is GBX 164.40. The firm has a market capitalization of £833.30 million, a price-to-earnings ratio of -646.00 and a beta of 0.59. The company has a current ratio of 5.01, a quick ratio of 6.01 and a debt-to-equity ratio of 6.47.

Insider Activity

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera bought 39,196 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of GBX 127 ($1.57) per share, with a total value of £49,778.92 ($61,485.82). Insiders have acquired 39,421 shares of company stock valued at $5,007,852 in the last ninety days. 30.07% of the stock is currently owned by company insiders.

Oxford Nanopore Technologies Company Profile

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.