How to Buy Nanostring Technologies Stock

Nanostring Technologies Inc

NanoString Technologies, Inc. develops, manufactures, and sells tools for scientific and clinical research in the fields of genomics and proteomics in the Americas, Europe, the Middle East, and the Asia Pacific.

Nanostring Technologies stock last closed at $1.50, up 4.17% from the previous day, and has decreased 88.57% in one year. It has underperformed other stocks in the Medical Instruments & Supplies industry by 0.88 percentage points. Nanostring Technologies stock is currently +7.14% from its 52-week low of $1.40, and -89.26% from its 52-week high of $13.97.

There are currently 47.55M NSTG shares outstanding. The market value of NSTG is $71.32M. In the past 24 hours, 882,944 NSTG shares were traded.

How to Buy Nanostring Technologies Stock

Not sure how to invest in Nanostring Technologies stock? Here's how.
  1. Choose where to buy Nanostring Technologies stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Nanostring Technologies stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your payment method and add your information.
  4. Evaluate Nanostring Technologies stock: The Nanostring Technologies ticker symbol is NSTG. Is Nanostring Technologies stock a good investment? Should you buy shares of NSTG? How do NSTG's underlying business fundamentals look? Do top analysts think Nanostring Technologies is a good buy? Why has NSTG's stock price moved recently? (Hint: Our stock market research tools can help you figure out if NSTG is a good stock to buy).
  5. Execute your NSTG purchase: Decide if you will purchase NSTG shares at the current market price or use a limit order to buy NSTG stock at a specific price.
  6. Get the latest scoop on your NSTG investment: Create a watchlist to monitor your position in Nanostring Technologies shares.

Step 1: Choose where to buy Nanostring Technologies stock

You will need an online brokerage account in order to access the NASDAQ market and buy NSTG shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked your brokerage, you need to fill out some personal information so you are able to invest in NSTG today.

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Step 3: Fund your brokerage account

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Step 4: Evaluate Nanostring Technologies stock

Once you have decided on the best place to buy Nanostring Technologies stock, it's absolutely critical to analyze their stock prior to buying, so you truly understand the risk as well as the opportunity.

Nanostring Technologies Numbers

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Nov 6, 2023
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NSTG Due Diligence Checks

WallStreetZen was built to help average investors perform better fundamental analysis quickly.

You can see all of the due diligence checks on NSTG's stock page.

Is NSTG stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge NSTG's intrinsic value.

You can access more valuation research on NSTG's stock here.

NSTG Financials at a glance

Signs that NSTG is financially healthy:

  • There are more short-term assets than short-term liabilities on the NSTG balance sheet.

Signs that NSTG is not financially healthy:

  • NSTG has $118.23M in cash and short term investments. This is not enough to cover its annual cash burn of $157.01M.
  • Total NSTG debt is still negative.
  • There are more long-term liabilities than short-term assets on the NSTG balance sheet.
  • NSTG has cash burn of 157013000. It does not have enough cash and short-term investments to cover this.
  • NSTG profit margin has gone down from -97.5% to -115.1% in the past year.
  • NSTG debt to equity ratio of -14.47 is negative.

Is Nanostring Technologies stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 3 Equities analysts who track NSTG, the consensus analyst rating on Nanostring Technologies is a Buy

It's important to note that analyst forecasts are not recommendations, nor are they investment advice.

Latest NSTG Analyst Upgrades/Downgrades

Kyle Mikson, a bottom 11% analyst from Canaccord Genuity reiterates NSTG with a strong buy rating and maintains their NSTG price target from $10.00 to $10.00, on Sep 19, 2023.

Tejas Savant, a bottom 3% analyst from Morgan Stanley maintains NSTG with a hold rating and lowers their NSTG price target from $15.00 to $14.00, on Aug 7, 2023.

Catherine Ramsey, a bottom 10% analyst from Baird maintains NSTG with a buy rating and lowers their NSTG price target from $13.00 to $10.00, on Aug 4, 2023.

You can dig deeper into what analysts are forecasting on the Nanostring Technologies stock forecast page.

NSTG Technicals

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Is NSTG Making Money?

Last year, NSTG revenue was $143.93M. In the last five year, NSTG's revenue has increased by 5.46% per year. This was slower than the Medical Instruments & Supplies industry average of 9.51%.

Find out more about NSTG's earnings and revenue performance here.

What are NSTG insiders up to?

In the last 12 months, executives and large shareholders at NSTG have bought more shares than they have sold.

Joseph M. Beechem, SVP Research Development of NSTG, was the latest NSTG insider to buy. They bought $1,234.60 worth of NSTG shares on Sep 1, 2023.

Get more info about who owns NSTG stock here.

Does NSTG provide a stable income stream?

No, Nanostring Technologies doesn't provide an income stream by paying out dividends.

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Step 5: Execute your NSTG purchase

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.

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Step 6: Get the latest scoop on your NSTG investment

Now that you own some NSTG stock, you'll want to keep up with your shares.

Start a watchlist to get notified of important updates regarding your NSTG stock.


How to Buy Stock in Nanostring Technologies

To reiterate, here are the 6 steps for buying Nanostring Technologies stock:

  1. Choose where to buy Nanostring Technologies stock
  2. Create your brokerage account
  3. Fund your brokerage account
  4. Evaluate Nanostring Technologies stock
  5. Execute your NSTG purchase
  6. Get the latest scoop on your NSTG investment

If you require a brokerage, eToro is our favorite venue.

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If you would like to keep track of your investment in Nanostring Technologies, create a watchlist on WallStreetZen today.

$1.50+0.06 (+4.17%)
Updated Sep 22, 2023
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$1.50+0.06 (+4.17%)
Updated Sep 22, 2023
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How much does it cost to buy one Nanostring Technologies share?

As of Sep 22, 2023, it costs $1.50 to buy one share of Nanostring Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.75, you can buy 0.5 shares of NSTG.

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Is now a good time to buy Nanostring Technologies stock?

According to 3 Wall Street analysts who monitor Nanostring Technologies, their consensus recommendation is to buy Nanostring Technologies stock.

What is the best way to buy Nanostring Technologies stock?

One way to place an order for Nanostring Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.