The Oncology Institute Inc. (NASDAQ:TOI)’s traded shares stood at 1.82 million during the last session. At the close of trading, the stock’s price was $0.48, to imply a decrease of -17.07% or -$0.1 in intraday trading. The TOI share’s 52-week high remains $10.26, putting it -2037.5% down since that peak but still an impressive -20.83% since price per share fell to its 52-week low of $0.58. The company has a valuation of $44.51M, with an average of 0.24 million shares in intraday trading volume over the past 10 days and average of 133.34K shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for The Oncology Institute Inc. (TOI), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give TOI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 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 -$0.18.
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The Oncology Institute Inc. (NASDAQ:TOI) trade information
After registering a -17.07% downside in the last session, The Oncology Institute Inc. (TOI) has traded red over the past five days. The stock hit a weekly high of 1.0550 this Friday, 03/17/23, dropping -17.07% in its intraday price action. The 5-day price performance for the stock is -52.14%, and -69.17% over 30 days. With these gigs, the year-to-date price performance is -70.85%. Short interest in The Oncology Institute Inc. (NASDAQ:TOI) saw shorts transact 1.04 million shares and set a 5.16 days time to cover.
Analysts on Wall Street suggest a consensus price target of $6.00, implying an increase of 92.0% to the stock’s current value. The extremes give us $6.00 and $6.00 for target low and target high price respectively. As such, TOI has been trading -1150.0% off suggested target high and -1150.0% from its likely low.
The Oncology Institute Inc. (TOI) estimates and forecasts
Looking at statistics comparing The Oncology Institute Inc. share performance against respective industry, we note that the company has underperformed competitors. The Oncology Institute Inc. (TOI) shares are -89.57% down over the last 6 months, with its year-to-date growth rate lower than industry average at -40.00% against 0.00%.
Revenue forecast for the current quarter as set by 2 analysts is $64.75 million. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $67 million.
The Oncology Institute Inc. has its next earnings report out between May 09 and May 15. 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. The Oncology Institute 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%.
The Oncology Institute Inc. (NASDAQ:TOI)’s Major holders
The Oncology Institute Inc. insiders hold 19.56% of total outstanding shares, with institutional holders owning 73.53% of the shares at 91.41% float percentage. In total, 73.53% institutions holds shares in the company, led by FMR, LLC. As of Sep 29, 2022, the company held over 12.0 million shares (or 16.12% of shares), all amounting to roughly $55.56 million.
The next major institution holding the largest number of shares is Deerfield Management Company, L.P. (Series C) with 3.36 million shares, or about 4.51% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $15.56 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the The Oncology Institute Inc. (TOI) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.19 million shares. This is just over 1.59% of the total shares, with a market valuation of $5.5 million. Data from the same date shows that the other fund manager holds a little less at 0.67 million, or 0.90% of the shares, all valued at about 1.1 million.