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The latest update is out from Oxford Nanopore Technologies PLC ( (GB:ONT) ).
Oxford Nanopore Technologies PLC announced the issuance of 69,871 ordinary shares following the exercise of options under its share option plans and remuneration schemes. These shares have been admitted to the London Stock Exchange, increasing the company’s issued share capital to 961,064,991 ordinary shares, which impacts the total voting rights and shareholder calculations under FCA rules.
The most recent analyst rating on (GB:ONT) stock is a Buy with a £250.00 price target. To see the full list of analyst forecasts on Oxford Nanopore Technologies PLC stock, see the GB:ONT Stock Forecast page.
Spark’s Take on GB:ONT Stock
According to Spark, TipRanks’ AI Analyst, GB:ONT is a Neutral.
Oxford Nanopore’s overall score reflects a mix of positive technical momentum and strategic corporate advancements, offset by financial challenges and valuation concerns. Strong revenue growth and strategic positioning offer optimism, but profitability remains a key hurdle.
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 innovative DNA sequencing technologies. The company focuses on providing scalable and accessible sequencing solutions for various applications, including scientific research, healthcare, and industrial sectors.
Average Trading Volume: 3,601,704
Technical Sentiment Signal: Hold
Current Market Cap: £1.3B
For an in-depth examination of ONT stock, go to TipRanks’ Overview page.