Should Osisko Development Corp (NYSE: ODV) Rally After -73.81% Drop From High?

Osisko Development Corp (NYSE:ODV)’s traded shares stood at 0.35 million during the last session. At the close of trading, the stock’s price was $2.10, to imply a decrease of -0.94% or -$0.02 in intraday trading. The ODV share’s 52-week high remains $3.65, putting it -73.81% down since that peak but still an impressive 19.05% since price per share fell to its 52-week low of $1.70. The company has a valuation of $179.42M, with an average of 0.18 million shares in intraday trading volume over the past 10 days and average of 100.76K shares over the past 3 months.

Osisko Development Corp (NYSE:ODV) trade information

After registering a -0.94% downside in the last session, Osisko Development Corp (ODV) has traded red over the past five days. The 5-day price performance for the stock is 2.44%, and 5.00% over 30 days. With these gigs, the year-to-date price performance is -27.84%. Short interest in Osisko Development Corp (NYSE:ODV) saw shorts transact 0.22 million shares and set a 1.89 days time to cover.

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Osisko Development Corp (ODV) estimates and forecasts

Looking at statistics comparing Osisko Development Corp share performance against respective industry, we note that the company has outperformed competitors. Osisko Development Corp (ODV) shares are -14.63% down over the last 6 months, with its year-to-date growth rate higher than industry average at 21.95% against 21.60%. Revenue is forecast to grow 100.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 1,529.40% compared to the previous financial year.

ODV Dividends

Osisko Development Corp has its next earnings report out in October. 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.

Osisko Development Corp (NYSE:ODV)’s Major holders

Osisko Development Corp insiders hold 39.88% of total outstanding shares, with institutional holders owning 15.22% of the shares at 25.32% float percentage. In total, 15.22% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 3.51 million shares (or 4.1628% of shares), all amounting to roughly $6.53 million.

The next major institution holding the largest number of shares is EQUINOX PARTNERS INVESTMENT MANAGEMENT LLC with 1.61 million shares, or about 1.9075% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.99 million.