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Oxford Nanopore Technologies PLC ( (GB:ONT) ) has shared an update.
Oxford Nanopore Technologies PLC announced the issuance of Partnership Shares and Matching Shares under its Share Incentive Plan (SIP) for Nick Keher, the company’s Chief Financial Officer. The transaction involved the purchase of 89 ordinary shares at £1.69 each, matched by an equal number of shares issued by the company, reflecting its commitment to employee participation in ownership and aligning managerial interests with shareholder value.
The most recent analyst rating on (GB:ONT) stock is a Buy with a £2.10 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 stock score of 51 reflects a mixed outlook. Financial performance is hindered by ongoing losses and cash flow issues, while technical indicators suggest bearish momentum. Valuation remains unattractive due to negative earnings. However, the earnings call provided some optimism with projected revenue growth and margin improvements, slightly offsetting other concerns.
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 developing and commercializing innovative nanopore-based technology for DNA sequencing. The company focuses on providing accessible and scalable sequencing solutions to a wide range of markets, including scientific research, healthcare, and industrial applications.
Average Trading Volume: 3,124,678
Technical Sentiment Signal: Buy
Current Market Cap: £1.64B
Learn more about ONT stock on TipRanks’ Stock Analysis page.