Within its last year performance, NSTG fell by -89.19%, with highs and lows ranging from $15.44 to $1.61, whereas the simple moving average fell by -76.01% in the last 200 days.
On July 05, 2023, JP Morgan started tracking NanoString Technologies Inc. (NASDAQ: NSTG) recommending Overweight.
Analysis of NanoString Technologies Inc. (NSTG)
Further, the quarter-over-quarter increase in sales is 37.30%, showing a positive trend in the upcoming months.
One of the most important indicators of NanoString Technologies Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -548.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and NSTG is recording 1.50M average volume. On a monthly basis, the volatility of the stock is set at 11.79%, whereas on a weekly basis, it is put at 16.92%, with a gain of 1.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.86, showing growth from the present price of $1.70, which can serve as yet another indication of whether NSTG is worth investing in or should be passed over.
How Do You Analyze NanoString Technologies Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.61% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in NSTG shares?
The recent increase in stakes in NSTG appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in NSTG has increased by 8.05% in the first quarter. The company now owns 3,975,756 shares of the stock, with a value of $10.18 million, following the purchase of 296,272 additional shares during the last quarter. Polar Capital LLP made another decreased to its shares in NSTG during the first quarter, downing its stake by -0.62%. During the last quarter, the company picked up -25,000 additional shares for a total stake of worth $10.18 million, bringing number of shares owned by the company to 3,975,000.
NSTG shares are owned by institutional investors to the tune of 95.61% at present.