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Wednesday, February 8, 2023

Taking On Challenges And Growing? – NanoString Technologies Inc. (NSTG)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for NanoString Technologies Inc. (NSTG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.49, or 4.97%, to $10.35. The NanoString Technologies Inc. has recorded 6,645 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that NanoString Provides Preliminary Financial and Operational Highlights for Fourth Quarter and FY 2022.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $9.86 and fluctuated between $10.39 as its day high and $9.81 as its day low. The current market capitalization of NanoString Technologies Inc. is $454.74M. A total of 0.8 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NSTG has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 96,822 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 20 SELLs from insiders. Insiders purchased 268,745 shares during that period but sold 104,611.

In the most recent transaction, Bailey K Thomas bought 29,161 shares of NSTG for 8.05 per share on Dec 13. After the transaction, the Chief Financial Officer now owns 48,533 company shares. In a previous transaction on Dec 13, GRAY R BRADLEY bought 5,161 shares at 7.75 per share. NSTG shares that President and CEO owns now total 269,998.

Among the insiders who bought shares, GRAY R BRADLEY acquired of 62,500 shares on Dec 12 at a per-share price of $7.35. This resulted in the President and CEO holding 264,837 shares of NSTG after the transaction. In another insider transaction, FINNEY ELISHA W sold 1,945 shares at $12.41 per share on Jun 17. Company shares held by the Director now total 6,595.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NSTG in the last 3 months, the mean price target is $17.00 with high estimates of $24.00 and low estimates of $14.00. In terms of 52-week highs and lows, NSTG has a high of $41.00 and a low of $4.37.

As of this writing, NSTG has an earnings estimate of -$0.51 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.36 per share and a lower estimate of -$0.62. The company reported an EPS of -$0.86 in the last quarter, which was -53.60% lower than expectations of -$0.56.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NSTG is Overweight with a score of 4.67. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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