Oxford Nanopore Expands Equity with New Share Issuance

Oxford Nanopore Technologies PLC ( (GB:ONT) ) has issued an update.

Oxford Nanopore Technologies PLC announced the issuance of 5,007,671 ordinary shares following the exercise of options and remuneration schemes, which are now listed on the London Stock Exchange. This increases the company’s total voting rights to 960,454,923, providing a new denominator for shareholders to calculate their interests in accordance with FCA rules.

Spark’s Take on GB:ONT Stock

According to Spark, TipRanks’ AI Analyst, GB:ONT is a Neutral.

Oxford Nanopore Technologies PLC shows strong revenue growth and strategic market positioning, supported by positive corporate events and a favorable earnings call. However, ongoing unprofitability, cash flow challenges, and a bearish technical outlook weigh down the score. The negative P/E ratio and lack of dividend yield also detract from its attractiveness.

To see Spark’s full report on GB:ONT stock, click here.

More about Oxford Nanopore Technologies PLC

Oxford Nanopore Technologies PLC operates in the biotechnology industry, specializing in the development and commercialization of nanopore sequencing technology. The company’s primary products include innovative sequencing devices that enable real-time, scalable, and accessible DNA and RNA sequencing, catering to a wide range of scientific and clinical research markets.

YTD Price Performance: -7.69%

Average Trading Volume: 4,014,981

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.14B

See more insights into ONT stock on TipRanks’ Stock Analysis page.