Oxford Nanopore Technologies (LON:ONT) Trading Up 20.4% – Time to Buy?

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

Analysts Set New Price Targets

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

Oxford Nanopore Technologies Stock Performance

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 company has a market capitalization of £1.49 billion, a price-to-earnings 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 two-hundred day simple moving average of GBX 133.03.

Insider Activity at Oxford Nanopore Technologies

In related news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.73), for a total transaction of £2,830,870.82 ($3,456,074.74). Company insiders own 32.62% of the company’s stock.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.