Natera ( (NTRA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Natera’s stock is in the spotlight after the company announced a preliminary fiscal year 2024 revenue report surpassing expectations at $1.7 billion, compared to the consensus estimate of $1.63 billion. This optimistic financial forecast has led multiple analysts to raise their price targets for the stock, reflecting increased confidence in Natera’s future performance. Additionally, Natera’s expansion of its patent infringement lawsuit against NeoGenomics may have further bolstered the positive sentiment by demonstrating its strategic efforts to protect its market position.
More about Natera
YTD Price Performance: 8.97%
Average Trading Volume: 1,228,541
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.1B
For further insights into NTRA stock on TipRanks’ Stock Analysis page.
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