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.
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.
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.
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.
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%.
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.
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.