Osisko Development Corp (NYSE:ODV) price on Thursday, March 28, fall -3.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.13.
A look at the stock’s price movement, the close in the last trading session was $2.20. The beta value (5-Year monthly) was 1.09. Turning to its 52-week performance, $5.92 and $1.87 were the 52-week high and 52-week low respectively. Overall, ODV moved 4.93% over the past month.
Osisko Development Corp’s market cap currently stands at around $179.13 million, with investors looking forward to this quarter’s earnings report slated for May 07, 2024 – May 13, 2024. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2022 EPS growth forecast to increase to $0.24 and about $0.58 for fiscal year 2023. Per the data, EPS growth is expected to be 366.70% for 2024 and 141.70% for the next financial year.
Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $124.83 million, representing a 1,529.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ODV is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ODV’s current price about -5.61% and -8.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.21, while 7-day volatility ratio is 8.62% and 8.04% in the 30-day chart. Further, Osisko Development Corp (ODV) has a beta value of 0, and an average true range (ATR) of 0.18.
If we refocus on Osisko Development Corp (NYSE:ODV), historical trading data shows that trading volumes averaged 0.11 million over the past 10 days and 82.94K over the past 3 months. The company’s latest data on shares outstanding shows there are 75.63 million shares.
The 40.15% of Osisko Development Corp’s shares are in the hands of company insiders while institutional holders own 16.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 60580.0 on Mar 15, 2024, giving us a short ratio of 0.34. The data shows that as of Mar 15, 2024 short interest in Osisko Development Corp (ODV) stood at 0.04% of shares outstanding, with shares short rising to 49000.0 registered in Feb 15, 2024. Current price change has pushed the stock -26.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ODV stock continues to rise going into the next quarter.
