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At Current Prices, NanoString Technologies Inc. (NASDAQ: NSTG) Worth A Patient Look?

NanoString Technologies Inc. (NASDAQ:NSTG)’s traded shares stood at 1.45 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $8.15, to imply a decrease of -6.11% or -$0.53 in intraday trading. The NSTG share’s 52-week high remains $37.06, putting it -354.72% down since that peak but still an impressive 46.38% since price per share fell to its 52-week low of $4.37. The company has a valuation of $440.59M, with an average of 0.62 million shares in intraday trading volume over the past 10 days and average of 680.65K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for NanoString Technologies Inc. (NSTG), translating to a mean rating of 1.70. Of 7 analyst(s) looking at the stock, 0 analyst(s) give NSTG a Sell rating. 1 of those analysts rate the stock as Overweight while 1 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.61.

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NanoString Technologies Inc. (NASDAQ:NSTG) trade information

After registering a -6.11% downside in the last session, NanoString Technologies Inc. (NSTG) has traded red over the past five days. The stock hit a weekly high of 8.95 this Friday, 03/17/23, dropping -6.11% in its intraday price action. The 5-day price performance for the stock is 2.13%, and -29.19% over 30 days. With these gigs, the year-to-date price performance is 2.26%. Short interest in NanoString Technologies Inc. (NASDAQ:NSTG) saw shorts transact 3.04 million shares and set a 4.17 days time to cover.

Analysts on Wall Street suggest a consensus price target of $16.57, implying an increase of 50.81% to the stock’s current value. The extremes give us $13.00 and $24.00 for target low and target high price respectively. As such, NSTG has been trading -194.48% off suggested target high and -59.51% from its likely low.

NanoString Technologies Inc. (NSTG) estimates and forecasts

Looking at statistics comparing NanoString Technologies Inc. share performance against respective industry, we note that the company has outperformed competitors. NanoString Technologies Inc. (NSTG) shares are -48.16% down over the last 6 months, with its year-to-date growth rate higher than industry average at 28.78% against 11.00%. Revenue is forecast to grow 4.70% this quarter before jumping 40.70% for the next one. The rating firms project that company’s revenue will shrink -13.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $33.71 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $37.66 million.Earnings reports from the last fiscal year show that sales brought in $42.45 million and $31.08 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -20.60% before jumping 21.20% in the following quarter.

NSTG Dividends

NanoString Technologies Inc. has its next earnings report out between April 10 and April 14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. NanoString Technologies Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

NanoString Technologies Inc. (NASDAQ:NSTG)’s Major holders

NanoString Technologies Inc. insiders hold 1.08% of total outstanding shares, with institutional holders owning 110.33% of the shares at 111.53% float percentage. In total, 110.33% institutions holds shares in the company, led by Wellington Management Group, LLP. As of Sep 29, 2022, the company held over 5.73 million shares (or 12.28% of shares), all amounting to roughly $73.17 million.

The next major institution holding the largest number of shares is RA Capital Management, L.P. with 4.6 million shares, or about 9.87% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $58.77 million.

We also have Alger Small Cap Focus Fund and Vanguard Specialized-Health Care Fund as the top two Mutual Funds with the largest holdings of the NanoString Technologies Inc. (NSTG) shares. Going by data provided on Oct 30, 2022, Alger Small Cap Focus Fund holds roughly 1.8 million shares. This is just over 3.87% of the total shares, with a market valuation of $18.87 million. Data from the same date shows that the other fund manager holds a little less at 1.42 million, or 3.04% of the shares, all valued at about 14.82 million.

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