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Wednesday, December 6, 2023

Investors’ Patience Is Being Tested Right Now By Nanostring Technologies Inc (NASDAQ: NSTG)

After Hours

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. After-hours trades for Nanostring Technologies Inc (NSTG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -4.69%, to $1.22. The Nanostring Technologies Inc has recorded 37,345 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NanoString Comments on Delaware District Court Verdict.

Stocks Info

Nanostring Technologies Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Instruments & Supplies industry. At the end of the last regular session, the stock closed at $1.28 and fluctuated between $1.4080 as its day high and $1.2300 as its day low. The current market capitalization of Nanostring Technologies Inc is $61.59M. A total of 4.88 million shares were traded on the day, compared to an average of 1.46M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NSTG has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 851 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 13 SELLs from insiders. Insiders purchased 466,282 shares during that period but sold 49,389.

In the most recent transaction, Bailey K Thomas bought 15,000 shares of NSTG for 5.76 per share on May 26. After the transaction, the Chief Financial Officer now owns 75,388 company shares. In a previous transaction on May 25, GRAY R BRADLEY bought 30,000 shares at 5.80 per share. NSTG shares that President and CEO owns now total 338,395.

Among the insiders who bought shares, YOUNG WILLIAM acquired of 35,400 shares on May 24 at a per-share price of $5.69. This resulted in the Director holding 46,700 shares of NSTG after the transaction. In another insider transaction, WAITE CHARLES P JR bought 12,000 shares at $8.35 per share on Mar 13. Company shares held by the Director now total 23,300.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NSTG in the last 3 months, the mean price target is $6.64 with high estimates of $15.00 and low estimates of $2.50. In terms of 52-week highs and lows, NSTG has a high of $13.20 and a low of $1.02.

As of this writing, NSTG has an earnings estimate of -$0.53 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.42 per share and a lower estimate of -$0.61. The company reported an EPS of -$0.92 in the last quarter, which was -37.30% lower than expectations of -$0.67.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NSTG’s latest balance sheet shows that the firm has $348.89M in Cash & Short Term Investments as of fiscal 2021. There were $251.73M in debt and $52.16M in liabilities at the time. Its Book Value Per Share was -$1.05, while its Total Shareholder’s Equity was $176.96M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.71.

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