Oxford Nanopore Technologies (LON:ONT) Shares Up 9.8% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price rose 9.8% during trading on Tuesday . The stock traded as high as GBX 183 and last traded at GBX 183. 3,817,042 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 9,578,775 shares. The stock had previously closed at GBX 166.70.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Peel Hunt reiterated a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 target price on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th. JPMorgan Chase & Co. increased their price target on Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 price target on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Finally, Citigroup downgraded shares of Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 198.60.

Oxford Nanopore Technologies Price Performance

The company has a debt-to-equity ratio of 9.86, a current ratio of 3.52 and a quick ratio of 6.01. The stock’s fifty day moving average is GBX 123.60 and its 200-day moving average is GBX 123.12. The stock has a market capitalization of £1.80 billion, a PE ratio of -12.21 and a beta of 0.91.

Oxford Nanopore Technologies (LON:ONT) last announced its 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%.

About Oxford Nanopore Technologies

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.