Gaining Ground: OptiNose Inc (OPTN) Closes Lower at 1.09, Down -3.54

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The price of OptiNose Inc (NASDAQ: OPTN) closed at $1.09 in the last session, down -3.54% from day before closing price of $1.13. In other words, the price has decreased by -$3.54 from its previous closing price. On the day, 2.01 million shares were traded. OPTN stock price reached its highest trading level at $1.18 during the session, while it also had its lowest trading level at $1.09.

Ratios:

We take a closer look at OPTN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.17 and its Current Ratio is at 2.48.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 18 ’24 when Mahmoud Ramy A sold 18,987 shares for $1.19 per share. The transaction valued at 22,595 led to the insider holds 1,318,404 shares of the business.

Marino Michael F III sold 3,267 shares of OPTN for $3,888 on Jun 18 ’24. The Chief Legal Officer & Corp Sec now owns 602,818 shares after completing the transaction at $1.19 per share. On Jun 18 ’24, another insider, Marino Michael F III, who serves as the Chief Legal Officer & Corp Sec of the company, sold 2,946 shares for $1.19 each. As a result, the insider received 3,506 and left with 599,872 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 123212512 and an Enterprise Value of 204011216. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13. Its current Enterprise Value per Revenue stands at 2.756 whereas that against EBITDA is -12.717.

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 -0.10%, while the 200-Day Moving Average is calculated to be -14.44%.

Shares Statistics:

According to the various share statistics, OPTN traded on average about 1.04M shares per day over the past 3-months and 640540 shares per day over the past 10 days. A total of 144.84M shares are outstanding, with a floating share count of 112.61M. Insiders hold about 22.25% of the company’s shares, while institutions hold 46.72% stake in the company. Shares short for OPTN as of 1715731200 were 7292805 with a Short Ratio of 6.79, compared to 1713139200 on 3212525. Therefore, it implies a Short% of Shares Outstanding of 7292805 and a Short% of Float of 9.0100005.

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