Option Care Health Inc. (NASDAQ: OPCH) Stock: Can It Go Higher?

In the last trading session, 3.56 million shares of the Option Care Health Inc. (NASDAQ:OPCH) were traded, and its beta was 1.26. Most recently the company’s share price was $30.59, and it changed around $0.18 or 0.59% from the last close, which brings the market valuation of the company to $5.31B. OPCH currently trades at a discount to its 52-week high of $35.74, offering almost -16.84% off that amount. The share price’s 52-week low was $24.23, which indicates that the current value has risen by an impressive 20.79% since then. We note from Option Care Health Inc.’s average daily trading volume that its 3-month average coming to 1.19 million.

Option Care Health Inc. (NASDAQ:OPCH) trade information

Instantly OPCH has showed a green trend with a performance of 0.59% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -9.20% year-to-date, but still down -2.33% over the last five days. On the other hand, Option Care Health Inc. (NASDAQ:OPCH) is -6.40% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $38, which translates to bulls needing to increase their stock price by 19.5% from its current value. Analyst projections state that OPCH is forecast to be at a low of $36 and a high of $40.

Option Care Health Inc. (OPCH) estimates and forecasts

Option Care 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 -5.18 percent over the past six months and at a -23.65% annual growth rate that is well below the industry average of 11.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 9.50% in revenue this quarter, and will report a decrease of -55.60% in the next quarter. The year-over-year growth rate is expected to be 9.40%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $1.1 billion in revenue for the current quarter. 8 analysts expect Option Care Health Inc. to make $1.17 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.02 billion and $1.07 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.50%. Forecasts for the next quarter put sales growth at 9.00%.

Option Care Health Inc. earnings are expected to increase by -23.02% in 2024, but the outlook is positive 16.28% per year for the next five years.