In the latest trading session, 0.78 million OptiNose Inc (NASDAQ:OPTN) shares changed hands as the company’s beta touched -0.06. With the company’s most recent per share price at $0.66 changed hands at -$0.01 or -1.12% at last look, the market valuation stands at $99.89M. OPTN’s current price is a discount, trading about -218.18% off its 52-week high of $2.10. The share price had its 52-week low at $0.67, which suggests the last value was -1.52% down since then. When we look at OptiNose Inc’s average trading volume, we note the 10-day average is 0.65 million shares, with the 3-month average coming to 543.40K.
Analysts gave the OptiNose Inc (OPTN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended OPTN as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. OptiNose Inc’s EPS for the current quarter is expected to be -0.05.
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OptiNose Inc (NASDAQ:OPTN) trade information
Instantly OPTN was in red as seen in intraday trades today. With action -5.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -48.64%, with the 5-day performance at -5.36% in the red. However, in the 30-day time frame, OptiNose Inc (NASDAQ:OPTN) is -36.30% down. Looking at the short shares, we see there were 6.96 million shares sold at short interest cover period of 23.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 83.5% from its recent market value. According to analyst projections, OPTN’s forecast low is 3 with 5 as the target high. To hit the forecast high, the stock’s price needs a -657.58% plunge from its current level, while the stock would need to soar -354.55% for it to hit the projected low.
OptiNose Inc (OPTN) estimates and forecasts
Data shows that the OptiNose Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -53.01% over the past 6 months, a 31.25% in annual growth rate that is considerably higher than the industry average of 20.00%. Year-over-year growth is forecast to reach 22.00% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 23M. 4 analysts are of the opinion that OptiNose Inc’s revenue for the current quarter will be 28.21M. The company’s revenue for the corresponding quarters a year ago was 19.82M and 19.86M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.00%. The estimates for the next quarter sales put growth at 42.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 34.78%. The 2024 estimates are for OptiNose Inc earnings to increase by 28.91%.
OPTN Dividends
OptiNose Inc is expected to release its next quarterly earnings report on 2024-Nov-07.
OptiNose Inc (NASDAQ:OPTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.89% of OptiNose Inc shares while 76.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.76%. There are 76.95% institutions holding the OptiNose Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.2309% of the shares, roughly 16.02 million OPTN shares worth $16.66 million.
MVM PARTNERS, LLC holds the second largest percentage of outstanding shares, with 12.9715% or 14.61 million shares worth $15.04 million as of 2024-06-30.
