Nanostring Technologies Inc (NSTG) Shares Decline by -37.43% to Close at $0.11

As of close of business last night, Nanostring Technologies Inc’s stock clocked out at $0.11, down -37.43% from its previous closing price of $0.17. In other words, the price has decreased by -$0.0630 from its previous closing price. On the day, 22189901 shares were traded. NSTG stock price reached its highest trading level at $0.1400 during the session, while it also had its lowest trading level at $0.1025.

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Ratios:

To gain a deeper understanding of NSTG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.73.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 26 when Bailey K Thomas bought 15,000 shares for $5.76 per share. The transaction valued at 86,445 led to the insider holds 75,388 shares of the business.

GRAY R BRADLEY bought 30,000 shares of NSTG for $174,000 on May 25. The President and CEO now owns 338,395 shares after completing the transaction at $5.80 per share. On May 24, another insider, YOUNG WILLIAM, who serves as the Director of the company, bought 35,400 shares for $5.69 each. As a result, the insider paid 201,511 and bolstered with 46,700 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NSTG now has a Market Capitalization of 5.07M and an Enterprise Value of 155.67M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 1.08 whereas that against EBITDA is -1.07.

Stock Price History:

Over the past 52 weeks, NSTG has reached a high of $11.77, while it has fallen to a 52-week low of $0.05. The 50-Day Moving Average of the stock is 0.4960, while the 200-Day Moving Average is calculated to be 2.8053.

Shares Statistics:

It appears that NSTG traded 1.26 shares on average per day over the past three months and 99.37M shares per day over the past ten days. A total of 46.72M shares are outstanding, with a floating share count of 46.60M. Insiders hold about 3.15% of the company’s shares, while institutions hold 114.99% stake in the company. Shares short for NSTG as of Jan 31, 2024 were 6.04M with a Short Ratio of 0.34, compared to 5.35M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.55% and a Short% of Float of 16.67%.

Earnings Estimates

As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.7 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$1.24, while EPS last year was -$0.95. The consensus estimate for the next quarter is -$0.64, with high estimates of -$0.56 and low estimates of -$0.73.

Analysts are recommending an EPS of between -$3 and -$3.83 for the fiscal current year, implying an average EPS of -$3.28. EPS for the following year is -$1.76, with 4 analysts recommending between -$1.25 and -$2.07.

Revenue Estimates

In the current quarter, 4 analysts expect revenue to total $48.52M. It ranges from a high estimate of $50M to a low estimate of $47M. As of the current estimate, Nanostring Technologies Inc’s year-ago sales were $34.42M, an estimated increase of 41.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $42.05M, an increase of 17.40% less than the figure of $41.00% in the same quarter last year. There is a high estimate of $45.8M for the next quarter, whereas the lowest estimate is $38.31M.

A total of 5 analysts have provided revenue estimates for NSTG’s current fiscal year. The highest revenue estimate was $178M, while the lowest revenue estimate was $176M, resulting in an average revenue estimate of $177.01M. In the same quarter a year ago, actual revenue was $127.26M, up 39.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $201.89M in the next fiscal year. The high estimate is $209.7M and the low estimate is $190.46M. The average revenue growth estimate for next year is up 14.10% from the average revenue estimate for this year.

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