Oxford Nanopore Technologies (LON:ONT) Stock Price Down 7.8% – Should You Sell?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price fell 7.8% on Monday . The stock traded as low as GBX 131 ($1.64) and last traded at GBX 132 ($1.65). 3,102,731 shares changed hands during trading, an increase of 42% from the average session volume of 2,181,523 shares. The stock had previously closed at GBX 143.10 ($1.79).

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 282 ($3.54) target price on shares of Oxford Nanopore Technologies in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 190 ($2.38) target price on shares of Oxford Nanopore Technologies in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 235.50 ($2.95).

Oxford Nanopore Technologies Stock Up 5.3 %

The business’s 50 day moving average is GBX 142.03 and its 200 day moving average is GBX 129.81. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The stock has a market cap of £1.27 billion, a price-to-earnings ratio of -676.50 and a beta of 0.80.

Insider Activity

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.78), for a total value of £2,830,870.82 ($3,548,791.30). Over the last quarter, insiders have acquired 310 shares of company stock worth $45,010. 32.62% of the stock is owned by corporate 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.