Orasure Technologies Inc (NASDAQ:OSUR) price on Friday, April 11, fall -0.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.93.
A look at the stock’s price movement, the close in the last trading session was $2.94, moving within a range at $2.885 and $2.95. The beta value (5-Year monthly) was 0.766. Turning to its 52-week performance, $5.84 and $2.68 were the 52-week high and 52-week low respectively. Overall, OSUR moved -14.08% over the past month.
Orasure Technologies Inc’s market cap currently stands at around $227.05 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 29.57M for the company’s revenue for the quarter, with a low and high estimate of 29.14M and 30M respectively. The average forecast suggests down to a -45.37% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 135.84M, representing a -26.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OSUR 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.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend OSUR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OSUR’s current price about -11.67% and -17.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.91, while 7-day volatility ratio is 7.92% and 5.18% in the 30-day chart. Further, Orasure Technologies Inc (OSUR) has a beta value of 0.46, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -36.52% off current price level while to achieve the yearly target high, price needs to move -36.52%. Nonetheless, investors will most likely welcome a -36.52% jump to $4 which is the analysts’ median price.
If we refocus on Orasure Technologies Inc (NASDAQ:OSUR), historical trading data shows that trading volumes averaged 0.82 over the past 10 days and 877.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 74.60 million shares.
The 4.33% of Orasure Technologies Inc’s shares are in the hands of company insiders while institutional holders own 87.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.26 million on 2025-03-14, giving us a short ratio of 2.18. The data shows that as of 2025-03-14 short interest in Orasure Technologies Inc (OSUR) stood at 379.00000000000006 of shares outstanding, with shares short rising to 2.22 million registered in 2025-02-14. Current price change has pushed the stock -18.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OSUR stock continues to rise going into the next quarter.
