Nanostring Technologies Inc (NSTG) Stock Could Soon Reward Patient Investors

Nanostring Technologies Inc (NASDAQ: NSTG) is -69.27% lower on its value in year-to-date trading and has touched a low of $0.05 and a high of $12.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NSTG stock was last observed hovering at around $6.04M in the last trading session, with the day’s loss setting it -5.92%.

Currently trading at $0.12, the stock is -9.43% and 62.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.99 and changing 0.23% at the moment leaves the stock Nov 06 AMC off its SMA200. NSTG registered -98.08% loss for a year compared to 6-month loss of -92.70%.

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The stock witnessed a -53.85% gain in the last 1 month and extending the period to 3 months gives it a -82.17%, and is -50.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 168.18% over the week and 51.35% over the month.

Profit margin for the company is -102.44%. Distance from 52-week low is 355.45% and -98.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-86.88%).

Nanostring Technologies Inc quarterly earnings per share for the current quarter are estimated at -$0.7 with sales reaching $48.92M over the same period.The EPS is expected to grow by 4.54% this year, but quarterly earnings will post 39.30% year-over-year. Quarterly sales are estimated to grow 42.10% in year-over-year returns.

Nanostring Technologies Inc (NSTG) Top Institutional Holders

148 institutions hold shares in Nanostring Technologies Inc (NSTG), with institutional investors hold 110.92% of the company’s shares. The shares outstanding are 46.72M, and float is at 46.60M with Short Float at 12.95%. Institutions hold 107.40% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.63 million shares valued at $1.07 million. The investor’s holdings represent 9.63% of the NSTG Shares outstanding. As of Sep 29, 2023, the second largest holder is Polar Capital Holdings PLC with 3.98 million shares valued at $0.91 million to account for 8.26% of the shares outstanding. The other top investors are Blue Water Life Science Advisors, Lp which holds 3.75 million shares representing 7.80% and valued at over $0.86 million, while Vanguard Group Inc holds 7.42% of the shares totaling 3.57 million with a market value of $0.82 million.

Nanostring Technologies Inc (NSTG) Insider Activity

A total of 2 insider transactions have happened at Nanostring Technologies Inc (NSTG) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by Bailey K Thomas ,the company’sChief Financial Officer. SEC filings show that Bailey K Thomas bought 15,000 shares of the company’s common stock on May 26 at a price of $5.76 per share for a total of $86445.0. Following the purchase, the insider now owns 75388.0 shares.

Nanostring Technologies Inc disclosed in a document filed with the SEC on May 25 that GRAY R BRADLEY (President and CEO) bought a total of 30,000 shares of the company’s common stock. The trade occurred on May 25 and was made at $5.80 per share for $0.17 million. Following the transaction, the insider now directly holds 0.34 million shares of the NSTG stock.

Still, SEC filings show that on May 24, YOUNG WILLIAM (Director) acquired 35,400 shares at an average price of $5.69 for $0.2 million. The insider now directly holds 46,700 shares of Nanostring Technologies Inc (NSTG).

Nanostring Technologies Inc (NSTG): Who are the competitors?

The company’s main competitors (and peers) include Thermo Fisher Scientific Inc. (TMO) that is trading -4.22% down over the past 12 months. Standard BioTools Inc. (LAB) that is 13.81% higher over the same period.