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Oxford Nanopore Technologies PLC ( (GB:ONT) ) just unveiled an announcement.
Oxford Nanopore Technologies PLC announced the issuance of 381,797 ordinary shares following the exercise of options and remuneration schemes, which have been admitted to trading on the London Stock Exchange. This increases the company’s issued share capital to 965,866,329 ordinary shares, impacting shareholder voting rights and potentially influencing market perceptions of the company’s growth and financial strategies.
The most recent analyst rating on (GB:ONT) stock is a Hold with a £150.00 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 Technologies PLC’s overall stock score is primarily influenced by its financial performance, which shows revenue growth but persistent profitability challenges. Technical analysis indicates short-term bullish momentum, while valuation remains weak due to negative earnings. The earnings call provided a positive outlook with expected revenue growth, but noted challenges in specific segments.
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 portable and scalable DNA/RNA sequencing devices, which are used in various fields such as research, healthcare, and agriculture.
Average Trading Volume: 1,751,803
Technical Sentiment Signal: Sell
Current Market Cap: £1.36B
See more insights into ONT stock on TipRanks’ Stock Analysis page.