A Guide To The Risks Of Investing In NanoString Technologies Inc. (NSTG)


NanoString Technologies Inc.’s recent filing unveils that its Chief Financial Officer Bailey K Thomas acquired Company’s shares for reported $86445.0 on May 26. In the deal valued at $5.76 per share,15,000 shares were bought. As a result of this transaction, Bailey K Thomas now holds 75,388 shares worth roughly $ 0.19 million.

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Then, GRAY R BRADLEY bought 30,000 shares, generating $174,000 in total proceeds. Upon buying the shares at $5.80, the President and CEO now owns 338,395 shares.

Before that, YOUNG WILLIAM bought 35,400 shares. NanoString Technologies Inc. shares valued at $201,511 were divested by the Director at a price of $5.69 per share. As a result of the transaction, YOUNG WILLIAM now holds 46,700 shares, worth roughly $0.12 million.

PT values the company’s stock at a premium of 85.67 to its Friday closing price.

Price Performance Review of NSTG

On Friday, NanoString Technologies Inc. [NASDAQ:NSTG] saw its stock jump 0.59% to $2.58. On the same session, the stock had its day’s lowest price of $2.54, but rose to a high of $2.7588. Over the last five days, the stock has lost -8.69%. NanoString Technologies Inc. shares have fallen nearly -67.69% since the year began. Nevertheless, the stocks have fallen -81.01% over the past one year. While a 52-week high of $16.47 was reached on 02/02/23, a 52-week low of $2.54 was recorded on 09/01/23. SMA at 50 days reached $3.66, while 200 days put it at $7.30. A total of 1.62 million shares were traded, compared to the trading of 4.27 million shares in the previous session.

Levels Of Support And Resistance For NSTG Stock

The 24-hour chart illustrates a support level at 2.49, which if violated will result in even more drops to 2.41. On the upside, there is a resistance level at 2.71. A further resistance level may holdings at 2.84. The Relative Strength Index (RSI) on the 14-day chart is 32.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.26%. Stochastics %K at 15.36% indicates the stock is a buying.

How much short interest is there in NanoString Technologies Inc.?

A steep rise in short interest was recorded in NanoString Technologies Inc. stocks on Aug 14, 2023, dropping by -0.57 million shares to a total of 6.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.87 million shares. There was a decline of -9.05%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 17.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.15.

According to FactSet, NanoString Technologies Inc.’s share price will average $12.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 290.62 percent from its previous closing price of $2.56. Analysts expect NanoString Technologies Inc. stock to reach the higher price of $24.00, while the lowest price estimate is $7.00. However, 7 analysts have rated NSTG stock as a Buy in their predictions for 2023.


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