In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Ontrak Inc (NASDAQ: OTRK) closed at $0.25 down -8.05% from its previous closing price of $0.27. In other words, the price has decreased by -$8.05 from its previous closing price. On the day, 1.78 million shares were traded. OTRK stock price reached its highest trading level at $0.277 during the session, while it also had its lowest trading level at $0.2403.
Ratios:
For a deeper understanding of Ontrak Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.21 and its Current Ratio is at 3.21. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
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, ROTH MKM on December 05, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
On August 20, 2021, Cowen Downgraded its rating to Underperform which previously was Market Perform and also lowered its target price recommendation from $35 to $9.
B. Riley Securities Downgraded its Buy to Neutral on August 20, 2021, while the target price for the stock was maintained at $15.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OTRK now has a Market Capitalization of 12035993 and an Enterprise Value of 5424004. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.426 whereas that against EBITDA is -0.339.
Stock Price History:
Over the past 52 weeks, OTRK has reached a high of $4.08, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is -8.33%, while the 200-Day Moving Average is calculated to be -70.63%.
Shares Statistics:
For the past three months, OTRK has traded an average of 7.03M shares per day and 3103790 over the past ten days. A total of 38.47M shares are outstanding, with a floating share count of 11.30M. Insiders hold about 76.29% of the company’s shares, while institutions hold 7.51% stake in the company. Shares short for OTRK as of 1711584000 were 1477929 with a Short Ratio of 0.21, compared to 1709164800 on 100915. Therefore, it implies a Short% of Shares Outstanding of 1477929 and a Short% of Float of 6.59.
Earnings Estimates
The stock of Ontrak Inc (OTRK) is currently being evaluated by Outlook Therapeutics, Inc. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $0.25, with high estimates of $11.18 and low estimates of $20.02.
