Nanostring Technologies Inc (NSTG) vs. S&P500: A Comparative Analysis

After finishing at $0.50 in the prior trading day, Nanostring Technologies Inc (NASDAQ: NSTG) closed at $0.55, up 11.48%. In other words, the price has increased by $+0.0571 from its previous closing price. On the day, 2375518 shares were traded. NSTG stock price reached its highest trading level at $0.5580 during the session, while it also had its lowest trading level at $0.4928.

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Our goal is to gain a better understanding of NSTG by taking a closer look at 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 26.68M and an Enterprise Value of 177.28M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16. Its current Enterprise Value per Revenue stands at 1.23 whereas that against EBITDA is -1.22.

Stock Price History:

Over the past 52 weeks, NSTG has reached a high of $13.20, while it has fallen to a 52-week low of $0.47. The 50-Day Moving Average of the stock is 1.2902, while the 200-Day Moving Average is calculated to be 4.9584.

Shares Statistics:

The stock has traded on average 2.07M shares per day over the past 3-months and 5.06M shares per day over the last 10 days, according to various share statistics. A total of 46.72M shares are outstanding, with a floating share count of 46.58M. Insiders hold about 3.20% of the company’s shares, while institutions hold 117.01% stake in the company. Shares short for NSTG as of Nov 14, 2023 were 13.91M with a Short Ratio of 13.91M, compared to 12.25M on Oct 12, 2023. Therefore, it implies a Short% of Shares Outstanding of 28.90% and a Short% of Float of 38.40%.

Earnings Estimates

Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.63 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$1.23, while EPS last year was -$0.95. The consensus estimate for the next quarter is -$0.54, with high estimates of -$0.43 and low estimates of -$0.73.

Analysts are recommending an EPS of between -$2.98 and -$3.82 for the fiscal current year, implying an average EPS of -$3.22. EPS for the following year is -$1.69, with 6 analysts recommending between -$1.25 and -$2.07.

Revenue Estimates

6 analysts predict $48.44M in revenue for the current quarter. It ranges from a high estimate of $50M to a low estimate of $45.9M. As of the current estimate, Nanostring Technologies Inc’s year-ago sales were $34.42M, an estimated increase of 40.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $45.44M, an increase of 26.90% less than the figure of $40.70% in the same quarter last year. There is a high estimate of $48M for the next quarter, whereas the lowest estimate is $38.31M.

A total of 7 analysts have provided revenue estimates for NSTG’s current fiscal year. The highest revenue estimate was $178M, while the lowest revenue estimate was $174M, resulting in an average revenue estimate of $176.82M. In the same quarter a year ago, actual revenue was $127.26M, up 38.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $201.2M in the next fiscal year. The high estimate is $217M and the low estimate is $188.5M. The average revenue growth estimate for next year is up 13.80% from the average revenue estimate for this year.

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