Home  »  Science   »  OraSure Technologies Inc. (NASDAQ: OSUR): Is This ...

OraSure Technologies Inc. (NASDAQ: OSUR): Is This The Time To Buy?

OraSure Technologies Inc. (NASDAQ:OSUR)’s traded shares stood at 1.54 million during the last session, with the company’s beta value hitting 0.08. At the close of trading, the stock’s price was $6.35, to imply a decrease of -2.61% or -$0.17 in intraday trading. The OSUR share’s 52-week high remains $7.48, putting it -17.8% down since that peak but still an impressive 58.74% since price per share fell to its 52-week low of $2.62. The company has a valuation of $484.19M, with an average of 0.7 million shares in intraday trading volume over the past 10 days and average of 532.07K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for OraSure Technologies Inc. (OSUR), translating to a mean rating of 2.70. Of 6 analyst(s) looking at the stock, 0 analyst(s) give OSUR a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 1 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 -$0.01.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


OraSure Technologies Inc. (NASDAQ:OSUR) trade information

After registering a -2.61% downside in the last session, OraSure Technologies Inc. (OSUR) has traded red over the past five days. The stock hit a weekly high of 6.53 this Friday, 03/17/23, dropping -2.61% in its intraday price action. The 5-day price performance for the stock is 4.10%, and 14.83% over 30 days. With these gigs, the year-to-date price performance is 31.74%. Short interest in OraSure Technologies Inc. (NASDAQ:OSUR) saw shorts transact 1.35 million shares and set a 4.01 days time to cover.

Analysts on Wall Street suggest a consensus price target of $5.88, implying a decrease of -7.99% to the stock’s current value. The extremes give us $5.50 and $7.00 for target low and target high price respectively. As such, OSUR has been trading -10.24% off suggested target high and 13.39% from its likely low.

OraSure Technologies Inc. (OSUR) estimates and forecasts

Looking at statistics comparing OraSure Technologies Inc. share performance against respective industry, we note that the company has outperformed competitors. OraSure Technologies Inc. (OSUR) shares are 53.38% up over the last 6 months, with its year-to-date growth rate higher than industry average at 256.00% against 11.00%. Revenue is forecast to grow 92.90% this quarter before jumping 67.90% for the next one. The rating firms project that company’s revenue will grow 54.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $97.1 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $66.35 million.Earnings reports from the last fiscal year show that sales brought in $63.57 million and $67.71 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 52.70% before dropping -2.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -20.00% for the past 5-year period. While 2023 is set for a 22.60% return in earnings, projections for the next 5 years are at 20.00% annually.

OSUR Dividends

OraSure Technologies Inc. has its next earnings report out between May 08 and May 12. 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. OraSure Technologies Inc. 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%.

OraSure Technologies Inc. (NASDAQ:OSUR)’s Major holders

OraSure Technologies Inc. insiders hold 3.95% of total outstanding shares, with institutional holders owning 87.49% of the shares at 91.09% float percentage. In total, 87.49% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 13.4 million shares (or 18.46% of shares), all amounting to roughly $50.8 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 5.12 million shares, or about 7.04% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $19.39 million.

We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the OraSure Technologies Inc. (OSUR) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 5.42 million shares. This is just over 7.46% of the total shares, with a market valuation of $26.11 million. Data from the same date shows that the other fund manager holds a little less at 2.16 million, or 2.97% of the shares, all valued at about 8.18 million.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts