Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price shot up 10% during mid-day trading on Saturday . The stock traded as high as GBX 103.10 ($1.34) and last traded at GBX 102.20 ($1.33). 217,104,266 shares traded hands during trading, an increase of 1,552% from the average session volume of 13,141,608 shares. The stock had previously closed at GBX 92.90 ($1.20).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Oxford Nanopore Technologies has an average rating of "Buy" and a consensus price target of GBX 235.50 ($3.05).
View Our Latest Stock Analysis on ONT
Oxford Nanopore Technologies Price Performance
The stock's 50-day moving average price is GBX 127.98 and its 200 day moving average price is GBX 137.23. 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 firm has a market capitalization of £951.89 million, a price-to-earnings ratio of -5.40 and a beta of 0.80.
Oxford Nanopore Technologies (LON:ONT - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.
Insider Buying and Selling
In other news, insider John O'Higgins acquired 77,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of GBX 97 ($1.26) per share, with a total value of £74,690 ($96,861.63). Over the last 90 days, insiders have purchased 77,223 shares of company stock worth $7,499,090. 32.62% of the stock is owned by corporate insiders.
Oxford Nanopore Technologies Company Profile
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