Is It Crazy To Buy NanoString Technologies Inc. (NASDAQ:NSTG) And B&G Foods Inc. (NYSE:BGS)

The shares of NanoString Technologies Inc. (NASDAQ:NSTG) has been pegged with a rating of Buy by Stifel in its latest research note that was published on November 15, 2019. Stifel wasn’t the only research firm that published a report of NanoString Technologies Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Neutral rating from Janney Markets when it published its report on October 12, 2017. Robert W. Baird was of a view that NSTG is Outperform in its latest report on December 11, 2013.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $36.20. The price of the stock the last time has raised by 82.09% from its 52-Week high price while it is -30.77% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.99.

The shares of the company added by 16.65% during the trading session on Wednesday, reaching a low of $20.86 while ending the day at $25.22. During the trading session, a total of 567164.0 shares were traded which represents a 6.57% incline from the average session volume which is 607030.0 shares. NSTG had ended its last session trading at $21.62. NanoString Technologies Inc. debt-to-equity ratio currently stands at 0.77, while its quick ratio hovers at 4.30 NSTG 52-week low price stands at $13.85 while its 52-week high price is $36.43.

The company in its last quarterly report recorded -$0.14 earnings per share which is above the predicted by most analysts. The NanoString Technologies Inc. generated 29.03 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.64 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -392.86%. NanoString Technologies Inc. has the potential to record -1.68 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Jefferies published a research note on January 23, 2020 where it informed investors and clients that B&G Foods Inc. (NYSE:BGS) is now rated as Hold. Even though the stock has been trading at $17.20/share, analysts expect it to down by -4.07% to reach $15.14/share. It started the day trading at $18.05 and traded between $16.25 and $16.50 throughout the trading session.

A look at its technical shows that BGS’s 50-day SMA is 15.35 while its 200-day SMA stands at 17.58. The stock has a high of $26.13 for the year while the low is $10.39. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 24.84 M shorted shares, the short percentage went lower by -13.06%, as 21.60M NSTG shares were shorted. At the moment, only 39.76% of B&G Foods Inc. shares were sold short. The company’s P/E ratio currently sits at 13.92, while the P/B ratio is 1.30. The company’s average trading volume currently stands at 1.97M shares, which means that the short-interest ratio is just 12.62 days. Over the past seven days, the company moved, with its shift of -4.40%. Looking further, the stock has dropped -7.20% over the past 90 days while it lost -17.50% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more BGS shares, increasing its portfolio by 7.59% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 691,290 shares in the last quarter, thus it now holds 9,793,332 shares of BGS, with a total valuation of $144,941,314. The Vanguard Group, Inc. meanwhile bought more BGS shares in the recently filed quarter, changing its stake to $120,281,776 worth of shares.

Similarly, Champlain Investment Partners LLC increased its B&G Foods Inc. shares by 17.18% during the recently filed quarter. After buying 3,312,945 shares in the last quarter, the firm now controls 485,835 shares of B&G Foods Inc. which are valued at $49,031,586. In the same vein, AssetMark, Inc. increased its B&G Foods Inc. shares by during the most recent reported quarter. The firm bought 259,574 shares during the quarter which increased its stakes to 2,310,765 shares and is now valued at $34,199,322. Following these latest developments, around 2.44% of B&G Foods Inc. stocks are owned by institutional investors and hedge funds.