Outlook Therapeutics Inc. (NASDAQ: OTLK) is 86.92% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $4.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OTLK stock was last observed hovering at around $2.33 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $5.00 for the next 12 months. It is also 59.5% off the consensus price target high of $6.00 offered by 4 analysts, but current levels are 51.4% higher than the price target low of $5.00 for the same period.
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Currently trading at $2.43, the stock is 26.68% and 56.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing 4.29% at the moment leaves the stock 109.11% off its SMA200. OTLK registered 154.56% gain for a year compared to 6-month loss of 58.82%. The firm has a 50-day simple moving average (SMA 50) of $1.6859 and a 200-day simple moving average (SMA200) of $1.1644.
The stock witnessed a 92.86% gain in the last 1 month and extending the period to 3 months gives it a 131.43%, and is -6.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.88% over the week and 18.35% over the month.
Distance from 52-week low is 386.97% and -42.96% from its 52-week high.
Outlook Therapeutics Inc. (OTLK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Outlook Therapeutics Inc. (OTLK) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Outlook Therapeutics Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $220k over the same period.The EPS is expected to grow by 66.00% this year.
Outlook Therapeutics Inc. (OTLK) Top Institutional Holders
29 institutions hold shares in Outlook Therapeutics Inc. (OTLK), with 99.18M shares held by insiders accounting for 57.19% while institutional investors hold 7.21% of the company’s shares. The shares outstanding are 121.75M, and float is at 80.90M with Short Float at 2.43%. Institutions hold 3.09% of the Float.
The top institutional shareholder in the company is LVW Advisors, LLC with over 1.74 million shares valued at $2.27 million. The investor’s holdings represent 1.06% of the OTLK Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 0.68 million shares valued at $0.49 million to account for 0.41% of the shares outstanding. The other top investors are Jacobs Levy Equity Management, Inc. which holds 0.29 million shares representing 0.18% and valued at over $0.21 million, while Geode Capital Management, LLC holds 0.12% of the shares totaling 0.21 million with a market value of $0.15 million.
Outlook Therapeutics Inc. (OTLK) Insider Activity
A total of 7 insider transactions have happened at Outlook Therapeutics Inc. (OTLK) in the last six months, with sales accounting for 2 and purchases happening 5 times. The most recent transaction is an insider sale by Evanson Jeff, the company’s Chief Commercial Officer. SEC filings show that Evanson Jeff sold 56,973 shares of the company’s common stock on Feb 12 at a price of $2.55 per share for a total of $0.15 million. Following the sale, the insider now owns 1.15 million shares.
Outlook Therapeutics Inc. disclosed in a document filed with the SEC on Feb 12 that Dagnon Terry (Chief Operating Officer) sold a total of 63,700 shares of the company’s common stock. The trade occurred on Feb 12 and was made at $2.55 per share for $0.16 million. Following the transaction, the insider now directly holds 1.14 million shares of the OTLK stock.
Still, SEC filings show that on Feb 03, Syntone Ventures LLC (10% Owner) acquired 3,000,000 shares at an average price of $1.00 for $3.0 million. The insider now directly holds 19,823,045 shares of Outlook Therapeutics Inc. (OTLK).