Option Care Health Inc (NASDAQ: OPCH) is -31.29% lower on its value in year-to-date trading and has touched a low of $21.39 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 $22.81 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $23.15, the stock is -0.69% and -5.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 1.49% at the moment leaves the stock -19.90% off its SMA200. OPCH registered -31.89% loss for a year compared to 6-month loss of -17.17%. The firm has a 50-day simple moving average (SMA 50) of $24.6516 and a 200-day simple moving average (SMA200) of $28.94795.
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The stock witnessed a -1.07% gain in the last 1 month and extending the period to 3 months gives it a -25.73%, and is 1.62% 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 2.71% over the week and 2.61% over the month.
Option Care Health Inc (OPCH) has around 5809 employees, a market worth around $3.94B and $4.78B in sales. Current P/E ratio is 19.38 and Fwd P/E is 17.50. Profit margin for the company is 4.37%. Distance from 52-week low is 8.23% and -33.14% from its 52-week high. The company has generated returns on investments over the last 12 months (7.97%).
The EPS is expected to shrink by -12.10% this year
468.0 institutions hold shares in Option Care Health Inc (OPCH), with institutional investors hold 107.86% of the company’s shares. The shares outstanding are 170.15M, and float is at 168.26M with Short Float at 3.47%. Institutions hold 107.26% 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 purchase by KRAEMER HARRY M JANSEN JR, the company’s Director. SEC filings show that KRAEMER HARRY M JANSEN JR bought 43,000 shares of the company’s common stock on Nov 08 ’24 at a price of $22.54 per share for a total of $0.97 million. Following the purchase, the insider now owns 0.33 million shares.
Option Care Health Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Pate R Carter (Director) sold a total of 1,465 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $32.37 per share for $47421.0. Following the transaction, the insider now directly holds 36126.0 shares of the OPCH stock.
Still, SEC filings show that on Aug 22 ’24, SHAPIRO MICHAEL H. (Chief Financial Officer) disposed off 23,217 shares at an average price of $30.95 for $0.72 million. The insider now directly holds 247,317 shares of Option Care Health Inc (OPCH).
