Earnings

Stock’s Earnings in Focus: NanoString Technologies Inc (NASDAQ:NSTG)

Shares of NanoString Technologies Inc (NASDAQ:NSTG) fell -21.75% to reach at $17.99 during previous trading session. The company has experienced volume of 1,429,900 shares while on average the company has a capacity of trading 172.17K share.

NanoString Technologies Inc (NASDAQ:NSTG) a provider of life science tools for translational research and molecular diagnostic products, on January 10, 2017 provided preliminary operational and financial results for the year ended December 31, 2016.

Financial Highlights:

  • Total revenue for 2016 expected to be in the range of $85.5 to $87.0 million, including approximately $17.0 to $18.0 million of collaboration revenue, representing an increase of 36% to 39% over 2015, versus prior guidance of $89.0 to $93.0 million.
  • Total revenue for the fourth quarter of 2016 expected to be in the range of $24.2 to $25.7 million, including approximately $4.5 to $5.5 million of collaboration revenue, representing an increase of 9% to 15% over the fourth quarter of 2015.
  • Cash, cash equivalents and short-term investments of approximately $75.0 million at December 31, 2016.

Operational Highlights:

  • Approximately 140 nCounter Analysis Systems sold in 2016, including 60 nCounter SPRINT Profilers.
  • Installed base of approximately 480 nCounter Analysis Systems at December 31, 2016.
  • More than 1,450 cumulative peer-reviewed publications of studies based on nCounter technology as of December 31, 2016.

NanoString Technologies Inc (NASDAQ:NSTG) holds the market capitalization of $381.85M along with 21.00M outstanding shares. During the last trade, stock’s minimum price has been reached out at $16.61 while the maximum trading price moved at $20.99. Currently the stock price is moving -23.28% off from the highest level of twelve months and +59.20% above from twelve months low. NanoString Technologies Inc (NASDAQ:NSTG) marked 52-week highest price level of $23.45 on 11/14/16 and 52-week lowest price level of $11.30 on 02/11/16. For the stock, price target value has been calculated at $26.00 based on calls of 5 experts. Stock’s minimum price target estimates has been figured out at $24.00 while the maximum price target forecast is established at $30.00.

As of current trade, NanoString Technologies Inc (NASDAQ:NSTG) has shown weekly downbeat performance of -18.52%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 42.10%. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -19.33%. Shares of NanoString Technologies Inc (NASDAQ:NSTG) currently have an ABR of 1.10, derived from a total of 5 opinions. The company’s price sits -17.87% below from its 50-day moving average of $22.06 and 3.71% above from the stock’s 200-day moving average of $18.58. The company has Relative Strength Index (RSI 14) of 24.91 along with Average True Range (ATR 14) of 1.25. Its weekly and monthly volatility is 8.37%, 5.00% respectively. The company’s beta value is at 1.14.

NanoString Technologies Inc (NASDAQ:NSTG)’s price to sales ratio for trailing twelve months is 4.36, whereas price to cash per share for the most recent quarter is 6.80. NanoString Technologies Inc (NASDAQ:NSTG)’s quick ratio for most recent quarter is 2.70 along with current ratio for most recent quarter of 3.10. NanoString Technologies Inc (NASDAQ:NSTG) has a Return on Assets of -43.90%. The company currently has a Return on Equity of -784.30% and Return on Investment of -67.40%.

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