During the last session, OptimizeRx Corp (NASDAQ:OPRX)’s traded shares were 0.76 million, with the beta value of the company hitting 1.31. At the end of the trading day, the stock’s price was $4.87, reflecting an intraday gain of 8.46% or $0.38. The 52-week high for the OPRX share is $16.65, that puts it down -241.89 from that peak though still a striking 22.38% gain since the share price plummeted to a 52-week low of $3.78. The company’s market capitalization is $89.71M, and the average intraday trading volume over the past 10 days was 0.6 million shares, and the average trade volume was 191.32K shares over the past three months.
OptimizeRx Corp (OPRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. OPRX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.25.
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OptimizeRx Corp (NASDAQ:OPRX) trade information
OptimizeRx Corp (OPRX) registered a 8.46% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.46% in intraday trading to $4.87, hitting a weekly high. The stock’s 5-day price performance is 27.32%, and it has moved by -10.48% in 30 days. Based on these gigs, the overall price performance for the year is -50.00%. The short interest in OptimizeRx Corp (NASDAQ:OPRX) is 0.96 million shares and it means that shorts have 6.62 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 67.53% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $15 respectively. As a result, OPRX is trading at a discount of -208.01% off the target high and -208.01% off the low.
OptimizeRx Corp (OPRX) estimates and forecasts
Statistics show that OptimizeRx Corp has underperformed its competitors in share price, compared to the industry in which it operates. OptimizeRx Corp (OPRX) shares have gone down -62.36% during the last six months, with a year-to-date growth rate less than the industry average at 3.85% against 17.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -3.89% this quarter and then jump 68.00% in the quarter after that. In the rating firms’ projections, revenue will increase 24.92% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 29.54M as predicted by 7 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 21M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 28.37M and 19.69M respectively. In this case, analysts expect current quarter sales to grow by 4.12% and then jump by 6.65% in the coming quarter.
While earnings are projected to return 9.62% in 2024.
OPRX Dividends
OptimizeRx Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
OptimizeRx Corp (NASDAQ:OPRX)’s Major holders
OptimizeRx Corp insiders own 13.18% of total outstanding shares while institutional holders control 70.00%, with the float percentage being 80.63%. FIRST LIGHT ASSET MANAGEMENT, LLC is the largest shareholder of the company, while 128.0 institutions own stock in it. As of 2024-06-30, the company held over 1.83 million shares (or 10.0548% of all shares), a total value of $18.27 million in shares.
The next largest institutional holding, with 1.32 million shares, is of DIVISADERO STREET CAPITAL MANAGEMENT, LP’s that is approximately 7.2422% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.16 million.
Also, the Mutual Funds coming in first place with the largest holdings of OptimizeRx Corp (OPRX) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 506.69 shares. This amounts to just over 4.19 percent of the company’s overall shares, with a $2.47 million market value. The same data shows that the other fund manager holds slightly less at 458.81, or about 3.79% of the stock, which is worth about $2.23 million.
