In the last trading session, 1.18 million shares of the OraSure Technologies Inc. (NASDAQ:OSUR) were traded, and its beta was 0.06. Most recently the company’s share price was $2.78, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $203.61M. OSUR currently trades at a discount to its 52-week high of $13.57, offering almost -388.13% off that amount. The share price’s 52-week low was $2.62, which indicates that the current value has risen by an impressive 5.76% since then. We note from OraSure Technologies Inc.’s average daily trading volume that its 3-month average coming to 1.09 million.
OraSure Technologies Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended OSUR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. OraSure Technologies Inc. is expected to report earnings per share of $0.02 for the current quarter.
OraSure Technologies Inc. (NASDAQ:OSUR) trade information
Instantly OSUR has showed a red trend with a performance of 0.00% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.98 on Tuesday, 06/21/22 increased the stock’s daily price by 6.71%. The company’s shares are currently down -68.01% year-to-date, but still up 2.21% over the last five days. On the other hand, OraSure Technologies Inc. (NASDAQ:OSUR) is -48.99% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $7.00, which translates to bulls needing to increase their stock price by 60.29% from its current value. Analyst projections state that OSUR is forecast to be at a low of $4.00 and a high of $10.00. In order for the stock price to hit the forecast high, the stock would need to plunge -259.71% from its current level, while the stock would need to crash -43.88% from its current level to reach the projected low.
OraSure Technologies Inc. (OSUR) estimates and forecasts
OraSure Technologies Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -70.61 percent over the past six months and at a -31.25% annual growth rate that is well below the industry average of 8.40%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 200.00% in revenue this quarter, and will report an increase of 123.80% in the next quarter. The year-over-year growth rate is expected to be 29.40%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $75.62 million in revenue for the current quarter. 5 analysts expect OraSure Technologies Inc. to make $81.65 million in revenue for the quarter ending Sep 2022. Analysts predict that the company’s current quarter sales will jump, forecast at 31.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23.90%. OraSure Technologies Inc. earnings are expected to increase by -44.50% in 2022, but the outlook is positive 20.00% per year for the next five years.
OraSure Technologies Inc.’s next quarterly earnings report is expected to be released around February 28 and March 04.
OraSure Technologies Inc. (NASDAQ:OSUR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 31.69% of OraSure Technologies Inc. shares, and 95.39% of them are in the hands of institutional investors. The stock currently has a share float of 139.66%. OraSure Technologies Inc. stock is held by 255 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2022, it held 18.79% of the shares, which is about 13.61 million shares worth $92.3 million.
Vanguard Group, Inc. (The), with 6.76% or 4.9 million shares worth $42.58 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jan 30, 2022. The former held 5.06 million shares worth $44.78 million, making up 6.98% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.07 million shares worth around $17.98 million, which represents about 2.86% of the total shares outstanding.