Why Do Investors Buy Stock In Orchestra BioMed Holdings Inc (OBIO)?

Orchestra BioMed Holdings Inc (NASDAQ:OBIO) has a beta value of 0.44 and has seen 1.4 million shares traded in the last trading session. The company, currently valued at $291.69M, closed the last trade at $8.15 per share which meant it gained $0.22 on the day or 2.77% during that session. The OBIO stock price is -43.44% off its 52-week high price of $11.69 and 48.22% above the 52-week low of $4.22. The 3-month trading volume is 62.17K shares.

Orchestra BioMed Holdings Inc (NASDAQ:OBIO) trade information

Sporting 2.77% in the green in last session, the stock has traded in the green over the last five days, when the OBIO stock price touched $8.15 or saw a rise of 2.4%. Year-to-date, Orchestra BioMed Holdings Inc shares have moved -10.73%, while the 5-day performance has seen it change 28.96%. Over the past 30 days, the shares of Orchestra BioMed Holdings Inc (NASDAQ:OBIO) have changed 16.43%.

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Orchestra BioMed Holdings Inc (OBIO) estimates and forecasts

Figures show that Orchestra BioMed Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -13.85% over the past 6 months, with this year growth rate of -6.76%, compared to 15.50% for the industry.

OBIO Dividends

Orchestra BioMed Holdings Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.