Oncology Institute Inc (NASDAQ: TOI) is -92.06% lower on its value in year-to-date trading and has touched a low of $0.13 and a high of $2.50 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 TOI stock was last observed hovering at around $0.17 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.16, the stock is -25.72% and -42.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -4.71% at the moment leaves the stock -77.44% off its SMA200. TOI registered -91.24% loss for a year compared to 6-month loss of -67.22%. The firm has a 50-day simple moving average (SMA 50) of $0.27996 and a 200-day simple moving average (SMA200) of $0.718065.
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The stock witnessed a -48.57% gain in the last 1 month and extending the period to 3 months gives it a -55.10%, and is 4.52% 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 17.73% over the week and 19.31% over the month.
Oncology Institute Inc (TOI) has around 800 employees, a market worth around $11.66M and $378.93M in sales. Profit margin for the company is -15.17%. Distance from 52-week low is 29.29% and -93.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.66%).
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Oncology Institute Inc (TOI) Top Institutional Holders
45.0 institutions hold shares in Oncology Institute Inc (TOI), with institutional investors hold 59.16% of the company’s shares. The shares outstanding are 74.15M, and float is at 36.71M with Short Float at 1.15%. Institutions hold 47.59% of the Float.
The top institutional shareholder in the company is FMR LLC with over 4.75 million shares valued at $2.19 million. The investor’s holdings represent 6.4005% of the TOI Shares outstanding. As of 2024-06-30, the second largest holder is DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) with 3.36 million shares valued at $1.55 million to account for 4.5263 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.78 million shares representing 2.4025% and valued at over $0.82 million, while KENT LAKE CAPITAL LLC holds 2.3574 of the shares totaling 1.75 million with a market value of $0.81 million.
Oncology Institute Inc (TOI) Insider Activity
The most recent transaction is an insider sale by Havencrest Healthcare Partners, the company’s 10% Owner. SEC filings show that Havencrest Healthcare Partners sold 8,637 shares of the company’s common stock on Jan 29 ’24 at a price of $2.12 per share for a total of $18310.0. Following the sale, the insider now owns 0.0 shares.
Oncology Institute Inc disclosed in a document filed with the SEC on Jan 24 ’24 that Havencrest Healthcare Partners (10% Owner) sold a total of 24,915 shares of the company’s common stock. The trade occurred on Jan 24 ’24 and was made at $2.30 per share for $57304.0. Following the transaction, the insider now directly holds 27498.0 shares of the TOI stock.
Still, SEC filings show that on Jan 25 ’24, Havencrest Healthcare Partners (10% Owner) disposed off 11,882 shares at an average price of $2.07 for $24596.0. The insider now directly holds 15,616 shares of Oncology Institute Inc (TOI).
