During the last session, NanoString Technologies Inc. (NASDAQ:NSTG)’s traded shares were 1.19 million, with the beta value of the company hitting 2.01. At the end of the trading day, the stock’s price was $12.38, reflecting an intraday gain of 0.73% or $0.09. The 52-week high for the NSTG share is $70.40, that puts it down -468.66 from that peak though still a striking 4.6% gain since the share price plummeted to a 52-week low of $11.81. The company’s market capitalization is $574.56M, and the average trade volume was 919.59K shares over the past three months.
NanoString Technologies Inc. (NSTG) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.70. NSTG has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.61.
NanoString Technologies Inc. (NASDAQ:NSTG) trade information
NanoString Technologies Inc. (NSTG) registered a 0.73% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.73% in intraday trading to $12.38 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -3.58%, and it has moved by -22.67% in 30 days. Based on these gigs, the overall price performance for the year is -80.89%.
The consensus price target of analysts on Wall Street is $35.33, which implies an increase of 64.96% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30.00 and $42.00 respectively. As a result, NSTG is trading at a discount of -239.26% off the target high and -142.33% off the low.
NanoString Technologies Inc. (NSTG) estimates and forecasts
Statistics show that NanoString Technologies Inc. has underperformed its competitors in share price, compared to the industry in which it operates. NanoString Technologies Inc. (NSTG) shares have gone down -68.50% during the last six months, with a year-to-date growth rate less than the industry average at -3.94% against 8.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -1.70% this quarter and then jump 23.20% in the quarter after that. In the rating firms’ projections, revenue will increase 6.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $32.32 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $41.98 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $32.28 million and $37.15 million respectively. In this case, analysts expect current quarter sales to grow by 0.10% and then jump by 13.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1.70%. While earnings are projected to return 9.70% in 2022.
NanoString Technologies Inc. is due to release its next quarterly earnings between February 24 and March 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
NanoString Technologies Inc. (NASDAQ:NSTG)’s Major holders
NanoString Technologies Inc. insiders own 0.82% of total outstanding shares while institutional holders control 117.68%, with the float percentage being 118.66%. FMR, LLC is the largest shareholder of the company, while 290 institutions own stock in it. As of Dec 30, 2021, the company held over 6.82 million shares (or 14.69% of all shares), a total value of $288.02 million in shares.
The next largest institutional holding, with 5.56 million shares, is of Wellington Management Group, LLP’s that is approximately 11.97% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $234.71 million.
Also, the Mutual Funds coming in first place with the largest holdings of NanoString Technologies Inc. (NSTG) shares are Fidelity OTC Portfolio and Alger Small Cap Focus Fund. Data provided on Feb 27, 2022 indicates that Fidelity OTC Portfolio owns about 2.43 million shares. This amounts to just over 5.24 percent of the company’s overall shares, with a $86.28 million market value. The same data shows that the other fund manager holds slightly less at 2.25 million, or about 4.84% of the stock, which is worth about $78.07 million.