OptimizeRx Corp (NASDAQ:OPRX)’s traded shares stood at 0.44 million during the latest session, with the company’s beta value hitting 1.37. At the last check today, the stock’s price was $4.51, to imply a decrease of -26.67% or -$1.64 in intraday trading. The OPRX share’s 52-week high remains $16.65, putting it -269.18% down since that peak but still an impressive -11.75% since price per share fell to its 52-week low of $5.04. The company has a valuation of $82.63M, with an average of 0.23 million shares in intraday trading volume over the past 10 days and average of 136.67K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for OptimizeRx Corp (OPRX), translating to a mean rating of 1.25. Of 3 analyst(s) looking at the stock, 0 analyst(s) give OPRX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.31.
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OptimizeRx Corp (NASDAQ:OPRX) trade information
After registering a -26.67% downside in the latest session, OptimizeRx Corp (OPRX) has traded red over the past five days. The 5-day price performance for the stock is -28.07%, and -30.72% over 30 days. With these gigs, the year-to-date price performance is -68.48%. Short interest in OptimizeRx Corp (NASDAQ:OPRX) saw shorts transact 0.96 million shares and set a 6.62 days time to cover.
The extremes give us $15 and $15 for target low and target high price respectively. As such, OPRX has been trading -232.59% off suggested target high and -232.59% from its likely low.
OptimizeRx Corp (OPRX) estimates and forecasts
Looking at statistics comparing OptimizeRx Corp share performance against respective industry, we note that the company has outperformed competitors. OptimizeRx Corp (OPRX) shares are -64.90% down over the last 6 months, with its year-to-date growth rate higher than industry average at 38.46% against 17.90%. Revenue is forecast to grow 18.22% this quarter before jumping 4.55% for the next one. The rating firms project that company’s revenue will grow 29.42% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 31.63M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 21.22M.Earnings reports from the last fiscal year show that sales brought in 28.37M and 19.69M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11.48% before jumping 7.79% in the following quarter.
OPRX Dividends
OptimizeRx Corp has its next earnings report out on 2024-Nov-13. 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.
OptimizeRx Corp (NASDAQ:OPRX)’s Major holders
OptimizeRx Corp insiders hold 13.25% of total outstanding shares, with institutional holders owning 77.95% of the shares at 89.86% float percentage. In total, 77.95% institutions holds shares in the company, led by FIRST LIGHT ASSET MANAGEMENT, LLC. As of 2024-06-30, the company held over 1.83 million shares (or 10.0548% of shares), all amounting to roughly $18.27 million.
The next major institution holding the largest number of shares is DIVISADERO STREET CAPITAL MANAGEMENT, LP with 1.32 million shares, or about 7.2422% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $13.16 million.
