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An update from Oxford Nanopore Technologies PLC ( (GB:ONT) ) is now available.
Oxford Nanopore Technologies PLC announced the issuance of 964,529 ordinary shares following the exercise of options and remuneration schemes, which have been admitted to the FCA’s Official List and the London Stock Exchange. This issuance increases the company’s total voting rights to 963,149,508, providing shareholders with a new denominator for interest 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.
The overall score reflects strong technical indicators and positive earnings call guidance, offset by financial challenges and valuation concerns. The company’s strategic growth plans and market momentum are significant positives, but profitability and cash flow issues remain key risks.
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 focuses on providing innovative solutions for DNA and RNA sequencing, targeting a wide range of applications in scientific research, healthcare, and industrial markets.
Average Trading Volume: 3,310,603
Technical Sentiment Signal: Buy
Current Market Cap: £1.74B
For an in-depth examination of ONT stock, go to TipRanks’ Overview page.