Ontrak Inc. (NASDAQ: OTRK) is -93.80% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $7.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OTRK stock was last observed hovering at around $0.38 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $2.50 for the next 12 months. It is also 84.4% off the consensus price target high of $2.50 offered by 1 analysts, but current levels are 84.4% higher than the price target low of $2.50 for the same period.
Currently trading at $0.39, the stock is -4.53% and -14.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 2.04% at the moment leaves the stock -68.92% off its SMA200. OTRK registered -94.07% loss for a year compared to 6-month loss of -73.29%.
The stock witnessed a 5.43% gain in the last 1 month and extending the period to 3 months gives it a -43.48%, and is -15.24% 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 12.44% over the week and 10.90% over the month.
Ontrak Inc. (OTRK) has around 231 employees, a market worth around $10.77M and $22.30M in sales. Distance from 52-week low is 9.61% and -94.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.40%).
Ontrak Inc. (OTRK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ontrak Inc. (OTRK) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ontrak Inc. is expected to release its quarterly report on 03/07/2023.The EPS is expected to shrink by -71.20% this year
Ontrak Inc. (OTRK) Top Institutional Holders
The shares outstanding are 20.88M, and float is at 16.98M with Short Float at 6.71%.
Ontrak Inc. (OTRK) Insider Activity
A total of 4 insider transactions have happened at Ontrak Inc. (OTRK) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider purchase by Hill Arik, the company’s Chief Information Officer. SEC filings show that Hill Arik bought 25,358 shares of the company’s common stock on May 24 at a price of $1.44 per share for a total of $36513.0. Following the purchase, the insider now owns 51673.0 shares.
Ontrak Inc. disclosed in a document filed with the SEC on May 20 that Hill Arik (Chief Information Officer) bought a total of 26,315 shares of the company’s common stock. The trade occurred on May 20 and was made at $1.52 per share for $39999.0. Following the transaction, the insider now directly holds 26315.0 shares of the OTRK stock.