Opko Health Inc (NASDAQ: OPK) is -33.11% lower on its value in year-to-date trading and has touched a low of $0.85 and a high of $2.24 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 OPK stock was last observed hovering at around $1.01 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.01, the stock is 6.82% and 3.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.58 million and changing 0.00% at the moment leaves the stock -30.36% off its SMA200. OPK registered -22.31% loss for a year compared to 6-month loss of -36.88%. The firm has a 50-day simple moving average (SMA 50) of $1.08 and a 200-day simple moving average (SMA200) of -$14.27.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 1.35% gain in the last 1 month and extending the period to 3 months gives it a -36.88%, and is 16.05% up 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 7.91% over the week and 5.41% over the month.
Opko Health Inc (OPK) has around 3930 employees, a market worth around $703.96M and $863.49M in sales. Profit margin for the company is -21.87%. Distance from 52-week low is 18.60% and -54.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.29%).
Opko Health Inc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $183.32M over the same period.The EPS is expected to shrink by -45.33% this year, but quarterly earnings will post -10.50% year-over-year. Quarterly sales are estimated to shrink -22.80% in year-over-year returns.
Opko Health Inc (OPK) Top Institutional Holders
277 institutions hold shares in Opko Health Inc (OPK), with institutional investors hold 52.88% of the company’s shares. The shares outstanding are 773.28M, and float is at 327.73M with Short Float at 30.23%. Institutions hold 25.16% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 39.31 million shares valued at $85.3 million. The investor’s holdings represent 5.09% of the OPK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 35.04 million shares valued at $76.05 million to account for 4.53% of the shares outstanding. The other top investors are State Street Corporation which holds 9.14 million shares representing 1.18% and valued at over $19.84 million, while Geode Capital Management, LLC holds 1.13% of the shares totaling 8.74 million with a market value of $18.97 million.
Opko Health Inc (OPK) Insider Activity
The most recent transaction is an insider purchase by FROST PHILLIP MD ET AL,the company’sCEO & Chairman. SEC filings show that FROST PHILLIP MD ET AL bought 500,000 shares of the company’s common stock on Mar 18 ’24 at a price of $0.87 per share for a total of $0.44 million. Following the purchase, the insider now owns 210.97 million shares.
Opko Health Inc disclosed in a document filed with the SEC on Mar 14 ’24 that FROST PHILLIP MD ET AL (CEO & Chairman) bought a total of 500,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $0.89 per share for $0.44 million. Following the transaction, the insider now directly holds 210.47 million shares of the OPK stock.
Still, SEC filings show that on Mar 13 ’24, FROST PHILLIP MD ET AL (CEO & Chairman) acquired 500,000 shares at an average price of $0.93 for $0.46 million. The insider now directly holds 209,968,225 shares of Opko Health Inc (OPK).
