Opko Health Inc (NASDAQ: OPK) is 6.62% higher on its value in year-to-date trading and has touched a low of $0.85 and a high of $1.75 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 $1.57 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.61, the stock is 8.02% and 6.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.29 million and changing 2.55% at the moment leaves the stock 21.95% off its SMA200. OPK registered 27.78% gain for a year compared to 6-month gain of 23.37%. The firm has a 50-day simple moving average (SMA 50) of $1.5134 and a 200-day simple moving average (SMA200) of $1.3204.
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The stock witnessed a 9.52% loss in the last 1 month and extending the period to 3 months gives it a 5.23%, and is 10.27% 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 6.70% over the week and 4.97% over the month.
Opko Health Inc (OPK) has around 3930 employees, a market worth around $1.10B and $711.40M in sales. Profit margin for the company is -18.80%. Distance from 52-week low is 89.06% and -7.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.09%).
with sales reaching $162.12M over the same period.The EPS is expected to grow by 4.67% this year, but quarterly earnings will post -19.60% year-over-year. Quarterly sales are estimated to shrink -10.90% in year-over-year returns.
Opko Health Inc (OPK) Top Institutional Holders
296.0 institutions hold shares in Opko Health Inc (OPK), with institutional investors hold 61.53% of the company’s shares. The shares outstanding are 773.28M, and float is at 318.99M with Short Float at 30.05%. Institutions hold 28.06% 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 purchase by FROST PHILLIP MD ET AL, the company’s CEO & Chairman. SEC filings show that FROST PHILLIP MD ET AL bought 280,183 shares of the company’s common stock on Nov 08 ’24 at a price of $1.50 per share for a total of $0.42 million. Following the purchase, the insider now owns 211.51 million shares.
Still, SEC filings show that on Aug 19 ’24, OPKO HEALTH, INC. (10% Owner) disposed off 50,000 shares at an average price of $34.49 for $1.72 million. The insider now directly holds 2,646,972 shares of Opko Health Inc (OPK).
