Orasure Technologies Inc. (NASDAQ: OSUR) is -24.63% lower on its value in year-to-date trading and has touched a low of $4.38 and a high of $8.45 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 OSUR stock was last observed hovering at around $6.01 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $6.18, the stock is -6.65% and -11.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 2.83% at the moment leaves the stock -3.35% off its SMA200. OSUR registered 2.15% gain for a year compared to 6-month gain of 4.57%. The firm has a 50-day simple moving average (SMA 50) of $0.41 and a 200-day simple moving average (SMA200) of $2.58.
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The stock witnessed a -10.30% loss in the last 1 month and extending the period to 3 months gives it a -25.36%, and is 1.64% 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 3.10% over the week and 3.74% over the month.
Orasure Technologies Inc. (OSUR) has around 638 employees, a market worth around $456.08M and $405.47M in sales. Current P/E ratio is 8.58. Profit margin for the company is 13.23%. Distance from 52-week low is 41.26% and -26.86% from its 52-week high. The company has generated returns on investments over the last 12 months (12.14%).
Orasure Technologies Inc. quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $52.12M over the same period., but quarterly earnings will post -53.00% year-over-year. Quarterly sales are estimated to shrink -66.40% in year-over-year returns.
301 institutions hold shares in Orasure Technologies Inc. (OSUR), with institutional investors hold 101.02% of the company’s shares. The shares outstanding are 73.53M, and float is at 70.39M with Short Float at 5.94%. Institutions hold 96.23% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 13.26 million shares valued at $66.43 million. The investor’s holdings represent 18.06% of the OSUR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.33 million shares valued at $26.71 million to account for 7.26% of the shares outstanding. The other top investors are Camber Capital Management LP which holds 4.25 million shares representing 5.79% and valued at over $21.29 million, while State Street Corporation holds 4.59% of the shares totaling 3.37 million with a market value of $16.88 million.
Orasure Technologies Inc. (OSUR) Insider Activity
The most recent transaction is an insider sale by Weber Kathleen Gallagher, the company’s Chief Product Officer. SEC filings show that Weber Kathleen Gallagher sold 24,129 shares of the company’s common stock on Dec 19 ’23 at a price of $8.05 per share for a total of $0.19 million. Following the sale, the insider now owns 0.25 million shares.
Orasure Technologies Inc. disclosed in a document filed with the SEC on Aug 15 ’23 that Anthony Michele Marie (SVP Finance & CAO) sold a total of 1,758 shares of the company’s common stock. The trade occurred on Aug 15 ’23 and was made at $6.50 per share for $11427.0. Following the transaction, the insider now directly holds 86188.0 shares of the OSUR stock.
Still, SEC filings show that on May 30 ’23, McGrath Kenneth J (Chief Financial Officer) acquired 100,000 shares at an average price of $4.93 for $0.49 million. The insider now directly holds 285,512 shares of Orasure Technologies Inc. (OSUR).
