Oxford Nanopore Technologies (LON:ONT) Shares Down 14.3% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price was down 14.3% on Tuesday . The stock traded as low as GBX 89.30 ($1.14) and last traded at GBX 90.10 ($1.15). Approximately 50,400,641 shares were traded during trading, an increase of 478% from the average daily volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.34).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 235.50 ($3.01).

Oxford Nanopore Technologies Stock Down 14.3 %

The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The business has a 50 day moving average of GBX 132.94 and a 200-day moving average of GBX 138.65. The stock has a market cap of £855.09 million, a PE ratio of -4.85 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last announced its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.20)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

About Oxford Nanopore Technologies

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