In the latest trading session, 1.35 million shares of the Opko Health Inc (NASDAQ:OPK) were traded, and its beta was 1.64. Most recently the company’s share price was $1.60, and it changed around $0.03 or 1.91% from the last close, which brings the market valuation of the company to $1.12B. OPK currently trades at a discount to its 52-week high of $1.74, offering almost -8.75% off that amount. The share price’s 52-week low was $0.85, which indicates that the current value has risen by an impressive 46.88% since then. We note from Opko Health Inc’s average daily trading volume that its 10-day average is 3.22 million shares, with the 3-month average coming to 3.15 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 2 rate it as Overweight. Among the rest, 2 recommended OPK as a Hold, whereas 2 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.
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Opko Health Inc (NASDAQ:OPK) trade information
Instantly OPK has showed a green trend with a performance of 1.91% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6300 on recent trading dayincreased the stock’s daily price by 1.84%. The company’s shares are currently up 5.96% year-to-date, but still up 2.56% over the last five days. On the other hand, Opko Health Inc (NASDAQ:OPK) is 1.27% up in the 30-day period. We can see from the shorts that 97.5 million shares have been sold at a short interest cover period of 33.0 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 54.29% 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 risen 78.81 percent over the past six months and at a -16.00% annual growth rate that is well below the industry average of 12.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 18.20% in revenue this quarter, and will report an increase of 11.10% in the next quarter. The year-over-year growth rate is expected to be -18.30%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 181.52M in revenue for the current quarter. 6 analysts expect Opko Health Inc to make 167.82M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 178.6M and 181.9M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.60%. Forecasts for the next quarter put sales growth at -7.70%.
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 -25.60% 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 on 2024-Nov-04.
Opko Health Inc (NASDAQ:OPK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 53.23% of Opko Health Inc shares, and 27.11% of them are in the hands of institutional investors. The stock currently has a share float of 57.97%. Opko Health Inc stock is held by 298.0 institutions, with RUBRIC CAPITAL MANAGEMENT LP being the largest institutional investor. By 2024-06-30, it held 6.2843% of the shares, which is about 44.42 million shares worth $55.53 million.
BLACKROCK INC., with 4.1373% or 29.25 million shares worth $36.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
