Opko Health Inc (NASDAQ:OPK) shares, rose in value, with the stock price down by -0.81% to the previous day’s close as strong demand from buyers drove the stock to $1.22.
Actively observing the price movement in the last trading, the stock closed the session at $1.23. The value of beta (5-year monthly) was 1.84. Referring to stock’s 52-week performance, its high was $2.24, and the low was $0.85. On the whole, OPK has fluctuated by 20.79% over the past month.
With the market capitalization of Opko Health Inc currently standing at about $850.33 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OPK’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OPK currently trading nearly -3.99% and 12.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.48, while the 7-day volatility ratio is showing 3.82% which for the 30-day chart, stands at 6.25%. Furthermore, Opko Health Inc (OPK)’s beta value is 1.81, and its average true range (ATR) is 0.07.
A comparison of Opko Health Inc (OPK) with its peers suggests the former has fared considerably weaker in the market. OPK showed an intraday change of -0.81% in last session, and over the past year, it shrunk by -10.95%%.
Data on historical trading for Opko Health Inc (NASDAQ:OPK) indicates that the trading volumes over the past 3 months, they’ve averaged 9.21 million. According to company’s latest data on outstanding shares, there are 773.28 million shares outstanding.
Nearly 52.98% of Opko Health Inc’s shares belong to company insiders and institutional investors own 27.41% of the company’s shares. The stock has fallen by -19.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OPK stock heading into the next quarter.
