Nanostring Technologies Inc (NSTG)’s liquidity ratios and what they mean

The price of Nanostring Technologies Inc (NASDAQ: NSTG) closed at $0.12 in the last session, up 118.42% from day before closing price of $0.05. In other words, the price has increased by $+0.0630 from its previous closing price. On the day, 391619778 shares were traded. NSTG stock price reached its highest trading level at $0.2816 during the session, while it also had its lowest trading level at $0.0511.

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Ratios:

We take a closer look at NSTG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.73.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 5.68M and an Enterprise Value of 156.28M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 1.09 whereas that against EBITDA is -1.07.

Stock Price History:

Over the past 52 weeks, NSTG has reached a high of $12.48, while it has fallen to a 52-week low of $0.05. The 50-Day Moving Average of the stock is 0.5178, while the 200-Day Moving Average is calculated to be 2.9437.

Shares Statistics:

According to the various share statistics, NSTG traded on average about 3.64M shares per day over the past 3-months and 12.45M shares per day over the past 10 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 116.02% stake in the company. Shares short for NSTG as of Jan 11, 2024 were 5.82M with a Short Ratio of 5.82M, compared to 6.08M on Dec 14, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.10% and a Short% of Float of 16.08%.

Earnings Estimates

The company has NanoString Technologies, Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $44.14, with high estimates of $2.48 and low estimates of $45.96.

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