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An announcement from Oxford Nanopore Technologies PLC ( (GB:ONT) ) is now available.
Oxford Nanopore Technologies PLC announced the issuance of 1,704,751 ordinary shares following the exercise of options and remuneration schemes, which are now listed on the London Stock Exchange. This increases the company’s total voting rights to 965,484,532, impacting shareholder calculations under FCA rules.
The most recent analyst rating on (GB:ONT) stock is a Buy with a £175.00 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 stock score is primarily influenced by financial performance challenges, including ongoing losses and negative cash flows. Technical indicators suggest a bearish trend, further impacting the score. While the earnings call provided some positive guidance, it was not enough to offset the financial and technical weaknesses.
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-based DNA and RNA sequencing technology. The company focuses on providing innovative solutions for a wide range of applications, including scientific research, clinical diagnostics, and personalized medicine.
Average Trading Volume: 1,497,702
Technical Sentiment Signal: Sell
Current Market Cap: £1.32B
See more data about ONT stock on TipRanks’ Stock Analysis page.