Natera Inc (NTRA) stock poised to deliver a potential drop of -9.59%

At the time of writing, Natera Inc [NTRA] stock is trading at $126.51, up 1.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NTRA shares have gain 12.05% over the last week, with a monthly amount glided 6.76%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On February 20, 2024, downgrade downgraded it’s rating to Outperform and revised its price target to $85 on the stock. BTIG Research reiterated its Buy rating and increased its price target to $85 on December 29, 2023. Guggenheim initiated its recommendation with a Buy and recommended $70 as its price target on December 14, 2023. Wolfe Research started tracking with a Outperform rating for this stock on December 13, 2023, and assigned it a price target of $70. In a note dated November 13, 2023, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $68.

For the past year, the stock price of Natera Inc fluctuated between $36.90 and $125.44. Currently, Wall Street analysts expect the stock to reach $114.38 within the next 12 months. Natera Inc [NASDAQ: NTRA] shares were valued at $126.51 at the most recent close of the market. An investor can expect a potential drop of -9.59% based on the average NTRA price forecast.

Analyzing the NTRA fundamentals

According to Natera Inc [NASDAQ:NTRA], the company’s sales were 1.36B for trailing twelve months, which represents an 58.13% jump. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.37 and Total Capital is -0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.45.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 124.79 points at the first support level, and at 123.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.26, and for the 2nd resistance point, it is at 130.00.

Ratios To Look Out For

It is important to note that Natera Inc [NASDAQ:NTRA] has a current ratio of 4.14. Further, the Quick Ratio stands at 4.01, while the Cash Ratio is 2.53. Considering the valuation of this stock, the price to sales ratio is 11.50, the price to book ratio is 18.66.

Transactions by insiders

Recent insider trading involved Chapman Rowan E, Director, that happened on Sep 13 ’24 when 2614.0 shares were purchased. CEO AND PRESIDENT, Chapman Steven Leonard completed a deal on Aug 15 ’24 to sell 5583.0 shares. Meanwhile, CO-FOUNDER Sheena Jonathan sold 12000.0 shares on Aug 15 ’24.

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