Opko Health Inc (NASDAQ:OPK) traded at $1.40 at close of the session on Monday, April 08, made an upward move of 3.70% on its previous day’s price.
Looking at the stock we see that its previous close was $1.35 and the beta (5Y monthly) reads 1.80 . In terms of its 52-week price range, OPK has a high of $2.24 and a low of $0.85. The company’s stock has gained about 47.17% over that past 30 days.
Opko Health Inc has a market cap of $975.79 million and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.09, with the EPS growth for the year raised at -$0.37 for 2024 and -$0.26 for next year. These figures represent -48.00% and 29.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $182.99 million, with a low of $180 million and a high of $184.8 million. The median projection represents growth adding up to -23.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $760.31 million, or -12.00% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the OPK stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is 32.97% off its SMA20 and 37.23% from its 50-day simple moving average. The RSI (14) is pointing at 81.67 while the volatility over the past week is 5.95% and jumps to 6.59% over the past one month. The beta value is 1.82, while the average true range (ATR) is currently pointing at 0.08.
Coming back to Opko Health Inc (NASDAQ:OPK), we note that the average 3-month trading volume was 11.67 million, while that of the preceding 10-day period stands at 13.04 million. Current shares outstanding are 773.28 million.
The insiders hold 52.98% of the company’s shares while institutions hold 27.27%. The data shows that short shares as of Mar 15, 2024, stood at 102.16 million at a short ratio of 11.6. This represents a 14.66% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 97.94 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -7.28% down in year-to-date price movement.
