Opko Health Inc (NASDAQ:OPK) has a beta value of 1.64 and has seen 2.88 million shares traded in the recent trading session. The company, currently valued at $1.03B, closed the recent trade at $1.51 per share which meant it lost -$0.11 on the day or -6.59% during that session. The OPK stock price is -15.89% off its 52-week high price of $1.75 and 43.71% above the 52-week low of $0.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.23 million shares traded. The 3-month trading volume is 3.63 million shares.
The consensus among analysts is that Opko Health Inc (OPK) is Hold stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 6 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Opko Health Inc (NASDAQ:OPK) trade information
Sporting -6.59% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the OPK stock price touched $1.51 or saw a rise of 8.48%. Year-to-date, Opko Health Inc shares have moved 0.21%, while the 5-day performance has seen it change -6.59%. Over the past 30 days, the shares of Opko Health Inc (NASDAQ:OPK) have changed 0.88%. Short interest in the company has seen 95.86 million shares shorted with days to cover at 33.99.
Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could jump 56.86% from the levels at last check today. The projected low price target is $3.0 while the price target rests at a high of $4.0. In that case, then, we find that the latest price level in today’s session is -164.9% off the targeted high while a plunge would see the stock gain -98.68% from the levels at last check today.
Opko Health Inc (OPK) estimates and forecasts
Figures show that Opko Health Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 10.45% over the past 6 months, with this year growth rate of 4.00%, compared to 15.40% for the industry. Revenue growth from the last financial year stood is estimated to be -20.68%.
6 analysts offering their estimates for the company have set an average revenue estimate of 155.42M for the current quarter. 3 have an estimated revenue figure of 154.65M for the next ending quarter. Year-ago sales stood 181.9M and 173.69M respectively for this quarter and the next, and analysts expect sales will shrink by -14.56% for the current quarter and -20.68% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.56% over the past 5 years. Earnings growth for 2024 is a modest 12.00% while over the next 5 years, the company’s earnings are expected to increase by 12.00%.
OPK Dividends
Opko Health Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Opko Health Inc (NASDAQ:OPK)’s Major holders
Insiders own 54.45% of the company shares, while shares held by institutions stand at 28.03% with a share float percentage of 61.53%. Investors are also buoyed by the number of investors in a company, with Opko Health Inc having a total of 299.0 institutions that hold shares in the company. The top two institutional holders are RUBRIC CAPITAL MANAGEMENT LP with over 44.42 million shares worth more than $55.53 million. As of 2024-06-30, RUBRIC CAPITAL MANAGEMENT LP held 6.2843% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 29.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $36.56 million and represent 4.1373% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 30, 2024, the former fund manager holds about 1.30% shares in the company for having 8.85 shares of worth $13.72 million while later fund manager owns 8.5 shares of worth $13.17 million as of Sep 30, 2024, which makes it owner of about 1.24% of company’s outstanding stock.
