Oxford Nanopore Technologies (LON:ONT) Shares Up 20.4% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price shot up 20.4% on Monday . The stock traded as high as GBX 164.30 ($2.01) and last traded at GBX 157.76 ($1.93). 22,145,789 shares traded hands during trading, a decline of 25% from the average session volume of 29,453,256 shares. The stock had previously closed at GBX 131 ($1.60).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 235.50 ($2.88).

Oxford Nanopore Technologies Trading Up 20.4 %

The firm has a market capitalization of £1.49 billion, a PE ratio of -788.78 and a beta of 0.80. The firm has a 50 day simple moving average of GBX 138.86 and a 200 day simple moving average of GBX 133.03. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.73), for a total value of £2,830,870.82 ($3,456,074.74). 32.62% of the stock is currently owned by insiders.

About Oxford Nanopore Technologies

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