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After finishing at $0.89 in the prior trading day, OptiNose Inc (NASDAQ: OPTN) closed at $0.91, up 2.39%. In other words, the price has increased by $2.39 from its previous closing price. On the day, 0.55 million shares were traded. OPTN stock price reached its highest trading level at $0.9398 during the session, while it also had its lowest trading level at $0.89.
Ratios:
Our goal is to gain a better understanding of OPTN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.59 and its Current Ratio is at 3.94.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on March 11, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On August 21, 2023, Lake Street started tracking the stock assigning a Buy rating and target price of $3.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 17 ’24 when Mahmoud Ramy A sold 111,426 shares for $1.14 per share. The transaction valued at 127,026 led to the insider holds 1,206,978 shares of the business.
Marino Michael F III sold 49,408 shares of OPTN for $56,325 on Jul 17 ’24. The Chief Legal Officer & Corp Sec now owns 550,464 shares after completing the transaction at $1.14 per share. On Jul 17 ’24, another insider, Krick Anthony J, who serves as the Chief Accounting Officer of the company, sold 6,845 shares for $1.14 each. As a result, the insider received 7,803 and left with 140,758 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OPTN now has a Market Capitalization of 103012440 and an Enterprise Value of 173534912. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83. Its current Enterprise Value per Revenue stands at 2.312 whereas that against EBITDA is -9.404.
Stock Price History:
Over the past 52 weeks, OPTN has reached a high of $2.10, while it has fallen to a 52-week low of $0.80. The 50-Day Moving Average of the stock is -15.90%, while the 200-Day Moving Average is calculated to be -26.84%.
Shares Statistics:
The stock has traded on average 824.22K shares per day over the past 3-months and 808360 shares per day over the last 10 days, according to various share statistics. A total of 150.78M shares are outstanding, with a floating share count of 117.66M. Insiders hold about 21.97% of the company’s shares, while institutions hold 44.32% stake in the company. Shares short for OPTN as of 1721001600 were 5704832 with a Short Ratio of 7.82, compared to 1718323200 on 5699174. Therefore, it implies a Short% of Shares Outstanding of 5704832 and a Short% of Float of 7.049999999999999.
