OptimizeRx Corporation (NASDAQ:OPRX)’s traded shares stood at 4.13 million during the last session, with the company’s beta value hitting 1.05. At the close of trading, the stock’s price was $12.65, to imply a decrease of -1.40% or -$0.18 in intraday trading. The OPRX share’s 52-week high remains $43.28, putting it -242.13% down since that peak but still an impressive 3.56% since price per share fell to its 52-week low of $12.20. The company has a valuation of $237.82M, with an average of 0.86 million shares in intraday trading volume over the past 10 days and average of 189.21K shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for OptimizeRx Corporation (OPRX), translating to a mean rating of 1.60. Of 7 analyst(s) looking at the stock, 0 analyst(s) give OPRX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.24.
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OptimizeRx Corporation (NASDAQ:OPRX) trade information
After registering a -1.40% downside in the last session, OptimizeRx Corporation (OPRX) has traded red over the past five days. The stock hit a weekly high of 14.39 this Friday, 03/17/23, dropping -1.40% in its intraday price action. The 5-day price performance for the stock is -3.36%, and -30.72% over 30 days. With these gigs, the year-to-date price performance is -24.70%. Short interest in OptimizeRx Corporation (NASDAQ:OPRX) saw shorts transact 1.19 million shares and set a 6.46 days time to cover.
OptimizeRx Corporation (OPRX) estimates and forecasts
Looking at statistics comparing OptimizeRx Corporation share performance against respective industry, we note that the company has underperformed competitors. OptimizeRx Corporation (OPRX) shares are -18.81% down over the last 6 months, with its year-to-date growth rate lower than industry average at -11.43% against 7.40%. Revenue is forecast to grow 9.10% this quarter before jumping 200.00% for the next one. The rating firms project that company’s revenue will grow 5.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $21.77 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $16.15 million.Earnings reports from the last fiscal year show that sales brought in $20.3 million and $13.73 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 7.20% before jumping 17.60% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 16.40% for the past 5-year period. While 2023 is set for a 114.40% return in earnings, projections for the next 5 years are at 50.00% annually.
OptimizeRx Corporation has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. OptimizeRx Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
OptimizeRx Corporation (NASDAQ:OPRX)’s Major holders
OptimizeRx Corporation insiders hold 8.93% of total outstanding shares, with institutional holders owning 80.39% of the shares at 88.27% float percentage. In total, 80.39% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 2.77 million shares (or 22.93% of shares), all amounting to roughly $41.1 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 1.01 million shares, or about 8.32% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $14.92 million.
We also have iShares Core S&P Smallcap ETF and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the OptimizeRx Corporation (OPRX) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 1.27 million shares. This is just over 10.51% of the total shares, with a market valuation of $21.36 million. Data from the same date shows that the other fund manager holds a little less at 0.39 million, or 3.23% of the shares, all valued at about 6.57 million.