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Oxford Nanopore Technologies PLC ( (GB:ONT) ) has issued an announcement.
Oxford Nanopore Technologies PLC has announced the issuance of 630,273 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 increases the company’s total issued share capital to 963,779,781 shares, providing a new denominator for shareholders to calculate their interests under the FCA’s rules.
The most recent analyst rating on (GB:ONT) stock is a Buy with a £2.40 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 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, clinical diagnostics, and environmental analysis.
Average Trading Volume: 2,178,990
Technical Sentiment Signal: Buy
Current Market Cap: £1.45B
See more insights into ONT stock on TipRanks’ Stock Analysis page.