Opko Health Inc (NASDAQ: OPK) is 7.28% higher on its value in year-to-date trading and has touched a low of $0.85 and a high of $1.84 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 OPK stock was last observed hovering at around $1.62 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.62, the stock is 4.48% and 12.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 0.00% at the moment leaves the stock 26.55% off its SMA200. OPK registered -10.50% loss for a year compared to 6-month gain of 73.28%.
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The stock witnessed a 23.66% loss in the last 1 month and extending the period to 3 months gives it a 15.71%, and is -1.82% 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 6.06% over the week and 5.54% over the month.
Opko Health Inc (OPK) has around 3930 employees, a market worth around $1.13B and $716.37M in sales. Profit margin for the company is -33.94%. Distance from 52-week low is 90.23% and -11.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.92%).
The EPS is expected to shrink by -25.60% this year
298.0 institutions hold shares in Opko Health Inc (OPK), with institutional investors hold 57.97% of the company’s shares. The shares outstanding are 773.28M, and float is at 325.74M with Short Float at 27.84%. Institutions hold 27.11% of the Float.
The top institutional shareholder in the company is RUBRIC CAPITAL MANAGEMENT LP with over 44.42 million shares valued at $55.53 million. The investor’s holdings represent 6.2843 of the OPK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 29.25 million shares valued at $36.56 million to account for 4.1373 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 28.24 million shares representing 3.9953 and valued at over $35.3 million, while STATE STREET CORP holds 1.3508 of the shares totaling 9.55 million with a market value of $11.94 million.
Opko Health Inc (OPK) Insider Activity
The most recent transaction is an insider sale by OPKO HEALTH, INC., the company’s 10% Owner. SEC filings show that OPKO HEALTH, INC. sold 50,000 shares of the company’s common stock on Aug 19 ’24 at a price of $34.49 per share for a total of $1.72 million. Following the sale, the insider now owns 2.65 million shares.
Opko Health Inc disclosed in a document filed with the SEC on Aug 16 ’24 that OPKO HEALTH, INC. (10% Owner) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $34.30 per share for $1.71 million. Following the transaction, the insider now directly holds 2.7 million shares of the OPK stock.
Still, SEC filings show that on Aug 15 ’24, OPKO HEALTH, INC. (10% Owner) disposed off 39,824 shares at an average price of $33.08 for $1.32 million. The insider now directly holds 2,746,972 shares of Opko Health Inc (OPK).
