While Natera Inc has overperformed by 0.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NTRA rose by 86.09%, with highs and lows ranging from $98.82 to $36.90, whereas the simple moving average jumped by 61.80% in the last 200 days.
On April 08, 2024, Craig Hallum started tracking Natera Inc (NASDAQ: NTRA) recommending Buy. A report published by Raymond James on February 20, 2024, Downgraded its rating to ‘Outperform’ for NTRA. BTIG Research also reiterated NTRA shares as ‘Buy’, quoting a target price of $85 on the company’s shares in a report dated December 29, 2023. Guggenheim Initiated an Buy rating on December 14, 2023, and assigned a price target of $70. Wolfe Research initiated its ‘Outperform’ rating for NTRA, as published in its report on December 13, 2023. Raymond James’s report from November 13, 2023 suggests a price prediction of $68 for NTRA shares, giving the stock a ‘Strong Buy’ rating. Bernstein also rated the stock as ‘Mkt Perform’.
Analysis of Natera Inc (NTRA)
Further, the quarter-over-quarter increase in sales is 43.20%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Natera Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -59.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.96, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and NTRA is recording an average volume of 1.50M. On a monthly basis, the volatility of the stock is set at 3.47%, whereas on a weekly basis, it is put at 3.61%, with a gain of 4.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $98.61, showing growth from the present price of $96.71, which can serve as yet another indication of whether NTRA is worth investing in or should be passed over.
How Do You Analyze Natera Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 6.40%. 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 92.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NTRA shares are owned by institutional investors to the tune of 92.44% at present.
