Oxford Nanopore Technologies (LON:ONT) Shares Up 20.4% - Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price shot up 20.4% during mid-day trading on Monday . The stock traded as high as GBX 164.30 ($2.01) and last traded at GBX 157.76 ($1.93). 22,145,789 shares were traded during trading, a decline of 25% from the average session volume of 29,453,256 shares. The stock had previously closed at GBX 131 ($1.60).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued 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, the stock has an average rating of "Buy" and a consensus target price of GBX 235.50 ($2.88).

Oxford Nanopore Technologies Price Performance

The company's 50-day simple moving average is GBX 138.86 and its 200 day simple moving average is GBX 133.03. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of -713.50 and a beta of 0.80.

Insider Activity

In other news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.73), for a total value of £2,830,870.82 ($3,456,074.74). In the last quarter, insiders have purchased 325 shares of company stock valued at $45,010. Insiders own 32.62% of the company's stock.

Oxford Nanopore Technologies Company Profile

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