News articles about NanoString Technologies (NASDAQ:NSTG) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NanoString Technologies earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the biotechnology company an impact score of 47.0184168695468 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Financial Comparison: NanoString Technologies (NSTG) versus Its Peers (americanbankingnews.com)
- NanoString Technologies (NSTG) Upgraded at BidaskClub (americanbankingnews.com)
- NanoString Technologies (NSTG) Rating Increased to Hold at ValuEngine (americanbankingnews.com)
- NanoString Technologies (NSTG) versus Its Rivals Head-To-Head Review (americanbankingnews.com)
A number of equities analysts have commented on NSTG shares. Zacks Investment Research raised shares of NanoString Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, May 9th. BidaskClub upgraded NanoString Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Morgan Stanley restated an “equal weight” rating and issued a $12.00 target price (down previously from $13.00) on shares of NanoString Technologies in a research note on Thursday, March 8th. Finally, ValuEngine raised NanoString Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 9th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $13.75.
Shares of NASDAQ:NSTG traded up $0.07 on Wednesday, hitting $13.26. The company’s stock had a trading volume of 1,969 shares, compared to its average volume of 125,732. NanoString Technologies has a 1 year low of $5.87 and a 1 year high of $18.58. The stock has a market cap of $301.54 million, a P/E ratio of -7.22 and a beta of 0.72. The company has a quick ratio of 2.67, a current ratio of 3.29 and a debt-to-equity ratio of 1.97.
NanoString Technologies (NASDAQ:NSTG) last released its quarterly earnings results on Tuesday, May 8th. The biotechnology company reported ($0.75) earnings per share for the quarter, beating the consensus estimate of ($0.76) by $0.01. NanoString Technologies had a negative return on equity of 108.29% and a negative net margin of 36.62%. The firm had revenue of $23.09 million for the quarter, compared to analysts’ expectations of $21.48 million. equities research analysts expect that NanoString Technologies will post -2.79 EPS for the current fiscal year.
In related news, Director William Young acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average price of $6.91 per share, with a total value of $207,300.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at $207,300. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.90% of the stock is currently owned by corporate insiders.
About NanoString Technologies
NanoString Technologies, Inc provides life science tools for translational research and molecular diagnostic products worldwide. The company offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system. It provides nCounter MAX and FLEX systems that include Prep Station, an automated liquid handling component that processes and prepares samples for data collection; and nCounter Digital Analyzer, which collects data from samples by taking images of the immobilized fluorescent reporters in the sample cartridge and processing the data into output files.
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