Could OptimizeRx Corporation (NASDAQ: OPRX) Regain All Of Its Losses Given A -21.85% Dip From High? – Marketing Sentinel
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Could OptimizeRx Corporation (NASDAQ: OPRX) Regain All Of Its Losses Given A -21.85% Dip From High?

During the last session, OptimizeRx Corporation (NASDAQ:OPRX)’s traded shares were 0.18 million, with the beta value of the company hitting 0.73. At the end of the trading day, the stock’s price was $24.23, reflecting an intraday loss of -1.06% or -$0.26. The 52-week high for the OPRX share is $99.18, that puts it down -309.33 from that peak though still a striking 17.04% gain since the share price plummeted to a 52-week low of $20.10. The company’s market capitalization is $448.50M, and the average intraday trading volume over the past 10 days was 0.23 million shares, and the average trade volume was 186.94K shares over the past three months.

OptimizeRx Corporation (OPRX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.80. OPRX has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.09.

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OptimizeRx Corporation (NASDAQ:OPRX) trade information

OptimizeRx Corporation (OPRX) registered a -1.06% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.06% in intraday trading to $24.23 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 7.83%, and it has moved by -19.50% in 30 days. Based on these gigs, the overall price performance for the year is -64.07%. The short interest in OptimizeRx Corporation (NASDAQ:OPRX) is 1.4 million shares and it means that shorts have 9.53 day(s) to cover.

The consensus price target of analysts on Wall Street is $48.17, which implies an increase of 49.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29.00 and $66.00 respectively. As a result, OPRX is trading at a discount of -172.39% off the target high and -19.69% off the low.

OptimizeRx Corporation (OPRX) estimates and forecasts

Statistics show that OptimizeRx Corporation has outperformed its competitors in share price, compared to the industry in which it operates. OptimizeRx Corporation (OPRX) shares have gone down -42.61% during the last six months, with a year-to-date growth rate more than the industry average at 57.78% against 1.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -10.00% this quarter and then jump 166.70% in the quarter after that. In the rating firms’ projections, revenue will increase 33.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $17.01 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $22.7 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.40%. While earnings are projected to return 114.40% in 2022, the next five years will return 50.00% per annum.

OPRX Dividends

OptimizeRx Corporation is due to release its next quarterly earnings between February 22 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

OptimizeRx Corporation (NASDAQ:OPRX)’s Major holders

OptimizeRx Corporation insiders own 12.25% of total outstanding shares while institutional holders control 87.43%, with the float percentage being 99.63%. Blackrock Inc. is the largest shareholder of the company, while 235 institutions own stock in it. As of Mar 30, 2022, the company held over 2.68 million shares (or 22.19% of all shares), a total value of $101.21 million in shares.

The next largest institutional holding, with 1.12 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.22% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $42.05 million.

Also, the Mutual Funds coming in first place with the largest holdings of OptimizeRx Corporation (OPRX) shares are iShares Core S&P Smallcap ETF and Artisan Small Cap Fund. Data provided on Jun 29, 2022 indicates that iShares Core S&P Smallcap ETF owns about 1.27 million shares. This amounts to just over 10.51 percent of the company’s overall shares, with a $34.83 million market value. The same data shows that the other fund manager holds slightly less at 0.53 million, or about 4.37% of the stock, which is worth about $19.94 million.

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