The trading price of Ontrak Inc (NASDAQ:OTRK) closed lower on Thursday, March 29, closing at $0.51, -14.86% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.08 and a 52-week low of $0.14. Over the past month, the stock has gained 179.35% in value.
Ontrak Inc, whose market valuation is $13.96 million at the time of this writing, is expected to release its quarterly earnings report Apr 01, 2024 – Apr 06, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2022 and -$3.8 for 2023.
Analysts have forecast the company to bring in revenue of $2.51 million for the current quarter, with the likely lows of $3 million and highs of $3 million. The average estimate suggests sales will likely down by -75.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $14.51 million. The company’s revenue is forecast to drop by -82.70% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Ontrak Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest OTRK has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that OTRK’s price is currently 104.84% off the SMA20 and 126.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.25, and weekly volatility stands at 70.93%. When measured over the past 30 days, the indicator reaches 31.85%. Ontrak Inc (NASDAQ:OTRK)’s beta value is currently sitting at 2.49, while the Average True Range indicator is currently displaying 0.13.
To see how Ontrak Inc stock has been performing in comparison to its peers in the industry, here are the numbers: OTRK stock’s performance was -14.86% in the latest trading, and -82.89% in the past year.
An evaluation of the daily trading volume of Ontrak Inc (NASDAQ:OTRK) indicates that the 3-month average is 5.68 million. However, this figure has increased over the past 10 days to an average of 41.6 million.
Currently, records show that 27.56 million of the company’s shares remain outstanding. The insiders hold 79.50% of outstanding shares, whereas institutions hold 12.98%. The stats also highlight that short interest as of Mar 15, 2024, stood at 54480.0 shares, resulting in a short ratio of 0.08 at that time. From this, we can conclude that short interest is 0.20% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 80520.0. However, since the stock’s price has seen 26.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
