Option Care Health Inc. (NASDAQ: OPCH) is -11.28% lower on its value in year-to-date trading and has touched a low of $26.11 and a high of $34.62 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 OPCH stock was last observed hovering at around $30.15 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $29.89, the stock is -5.73% and -4.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -0.86% at the moment leaves the stock -3.76% off its SMA200. OPCH registered -10.08% loss for a year compared to 6-month gain of -7.09%. The firm has a 50-day simple moving average (SMA 50) of $31.227 and a 200-day simple moving average (SMA200) of $31.04515.
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The stock witnessed a -7.66% loss in the last 1 month and extending the period to 3 months gives it a 10.87%, and is -3.58% 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 2.75% over the week and 2.48% over the month.
Option Care Health Inc. (OPCH) has around 5809 employees, a market worth around $5.11B and $4.59B in sales. Current P/E ratio is 25.05 and Fwd P/E is 21.37. Profit margin for the company is 4.60%. Distance from 52-week low is 14.48% and -13.68% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).
Option Care Health Inc. quarterly earnings per share for the current quarter are estimated at 0.31 with sales reaching $1.22B over the same period.The EPS is expected to shrink by -17.75% this year, but quarterly earnings will post 12.30% year-over-year. Quarterly sales are estimated to grow 11.20% in year-over-year returns.
465.0 institutions hold shares in Option Care Health Inc. (OPCH), with institutional investors hold 103.74% of the company’s shares. The shares outstanding are 174.58M, and float is at 169.45M with Short Float at 3.83%. Institutions hold 103.21% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 21.0 million shares valued at $581.72 million. The investor’s holdings represent 12.0743 of the OPCH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.5 million shares valued at $540.19 million to account for 11.2124 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 8.6 million shares representing 4.9426 and valued at over $238.13 million, while STATE STREET CORP holds 3.5496 of the shares totaling 6.17 million with a market value of $171.01 million.
Option Care Health Inc. (OPCH) Insider Activity
The most recent transaction is an insider sale by Pate R Carter, the company’s Director. SEC filings show that Pate R Carter sold 1,465 shares of the company’s common stock on Sep 03 ’24 at a price of $32.37 per share for a total of $47421.0. Following the sale, the insider now owns 36126.0 shares.
Option Care Health Inc. disclosed in a document filed with the SEC on Aug 22 ’24 that SHAPIRO MICHAEL H. (Chief Financial Officer) sold a total of 23,217 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $30.95 per share for $0.72 million. Following the transaction, the insider now directly holds 0.25 million shares of the OPCH stock.
Still, SEC filings show that on Aug 21 ’24, BETTEN ELIZABETH QUADROS (Director) disposed off 47,531 shares at an average price of $31.09 for $1.48 million. The insider now directly holds 21,339 shares of Option Care Health Inc. (OPCH).
