The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Outlook Therapeutics Inc (NASDAQ: OTLK) closed at $1.99 down -2.45% from its previous closing price of $2.04. In other words, the price has decreased by -$2.45 from its previous closing price. On the day, 0.56 million shares were traded. OTLK stock price reached its highest trading level at $2.05 during the session, while it also had its lowest trading level at $1.9201.
Ratios:
For a deeper understanding of Outlook Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.64.
On March 27, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $50.
Chardan Capital Markets Upgraded its Neutral to Buy on February 15, 2024, while the target price for the stock was maintained at $3.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 26 ’24 when KENYON LAWRENCE A bought 5,000 shares for $5.69 per share. The transaction valued at 28,446 led to the insider holds 5,946 shares of the business.
Haddadin Yezan Munther bought 1,882 shares of OTLK for $22,242 on Mar 28 ’24. The Director now owns 5,049 shares after completing the transaction at $11.82 per share. On Mar 07 ’24, another insider, Evanson Jeff, who serves as the CHIEF COMMERCIAL OFFICER of the company, bought 62,484 shares for $0.42 each. As a result, the insider paid 26,243 and bolstered with 808,459 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, OTLK now has a Market Capitalization of 49562144 and an Enterprise Value of 34763924.
Stock Price History:
The Beta on a monthly basis for OTLK is 0.59, which has changed by -0.77690583 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, OTLK has reached a high of $12.85, while it has fallen to a 52-week low of $0.87. The 50-Day Moving Average of the stock is -26.81%, while the 200-Day Moving Average is calculated to be -67.20%.
Shares Statistics:
For the past three months, OTLK has traded an average of 2.02M shares per day and 929380 over the past ten days. A total of 23.91M shares are outstanding, with a floating share count of 16.48M. Insiders hold about 33.82% of the company’s shares, while institutions hold 33.78% stake in the company. Shares short for OTLK as of 1732838400 were 4132323 with a Short Ratio of 1.43, compared to 1730332800 on 3228369. Therefore, it implies a Short% of Shares Outstanding of 4132323 and a Short% of Float of 25.71.
