Oxford Nanopore Technologies (LON:ONT) Trading Down 14.3% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT) shares traded down 14.3% on Wednesday . The company traded as low as GBX 89.30 ($1.15) and last traded at GBX 90.10 ($1.16). 50,400,641 shares were traded during trading, an increase of 478% from the average session volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.35).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 235.50 ($3.03).

Oxford Nanopore Technologies Stock Performance

The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The company has a market capitalization of £937.18 million, a P/E ratio of -5.32 and a beta of 0.80. The business’s fifty day simple moving average is GBX 130.30 and its 200-day simple moving average is GBX 137.96.

Oxford Nanopore Technologies (LON:ONT) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.