Oxford Nanopore Technologies (LON:ONT) Stock Price Up 3.4% – Still a Buy?

Shares of Oxford Nanopore Technologies plc (LON:ONT) rose 3.4% during trading on Friday . The stock traded as high as GBX 113.40 ($1.43) and last traded at GBX 112.60 ($1.42). Approximately 3,955,325 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 7,881,439 shares. The stock had previously closed at GBX 108.90 ($1.37).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 235.50 ($2.96).

Oxford Nanopore Technologies Price Performance

The stock has a market capitalization of £1.07 billion, a P/E ratio of -6.06 and a beta of 0.80. The business has a fifty day simple moving average of GBX 133.41 and a 200-day simple moving average of GBX 138.76. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.

Oxford Nanopore Technologies Company Profile

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