In the last trading session, 28.87 million shares of the Opko Health Inc (NASDAQ:OPK) were traded, and its beta was 1.80. Most recently the company’s share price was $1.20, and it changed around $0.13 or 12.15% from the last close, which brings the market valuation of the company to $836.39M. OPK currently trades at a discount to its 52-week high of $2.24, offering almost -86.67% off that amount. The share price’s 52-week low was $0.85, which indicates that the current value has risen by an impressive 29.17% since then. We note from Opko Health Inc’s average daily trading volume that its 10-day average is 17.64 million shares, with the 3-month average coming to 14.65 million.
Opko Health Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended OPK as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Opko Health Inc is expected to report earnings per share of -$0.09 for the current quarter.
Opko Health Inc (NASDAQ:OPK) trade information
Instantly OPK has showed a green trend with a performance of 12.15% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -20.53% year-to-date, but still up 29.03% over the last five days. On the other hand, Opko Health Inc (NASDAQ:OPK) is 21.77% up in the 30-day period. We can see from the shorts that 102.16 million shares have been sold at a short interest cover period of 11.6 day(s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 65.71% from its current value. Analyst projections state that OPK is forecast to be at a low of $3 and a high of $4.
Opko Health Inc (OPK) estimates and forecasts
Opko Health 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 -23.08 percent over the past six months and at a -32.00% annual growth rate that is well below the industry average of 13.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -350.00% in revenue this quarter, and will report a decrease of -200.00% in the next quarter. The year-over-year growth rate is expected to be -10.50%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $183.32 million in revenue for the current quarter. 6 analysts expect Opko Health Inc to make $191.12 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $237.6 million and $201.97 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.80%. Forecasts for the next quarter put sales growth at -5.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.56%. Opko Health Inc earnings are expected to increase by -45.33% in 2024, but the outlook is positive 12.00% per year for the next five years.
OPK Dividends
Opko Health Inc’s next quarterly earnings report is expected to be released around May 01 and May 06.
Opko Health Inc (NASDAQ:OPK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 52.42% of Opko Health Inc shares, and 25.16% of them are in the hands of institutional investors. The stock currently has a share float of 52.87%. Opko Health Inc stock is held by 276 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 5.09% of the shares, which is about 39.31 million shares worth $85.3 million.
Blackrock Inc., with 4.53% or 35.04 million shares worth $76.05 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 12.73 million shares worth $27.62 million, making up 1.65% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 9.98 million shares worth around $21.65 million, which represents about 1.29% of the total shares outstanding.
