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.
The closing price of OptiNose Inc (NASDAQ: OPTN) was $0.89 for the day, down -3.61% from the previous closing price of $0.93. In other words, the price has decreased by -$3.61 from its previous closing price. On the day, 0.65 million shares were traded. OPTN stock price reached its highest trading level at $0.9655 during the session, while it also had its lowest trading level at $0.8942.
Ratios:
Our analysis of OPTN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.60.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 18 ’24 when Mahmoud Ramy A sold 19,198 shares for $1.88 per share. The transaction valued at 36,092 led to the insider holds 1,331,278 shares of the business.
Marino Michael F III sold 15,059 shares of OPTN for $28,311 on Mar 18 ’24. The Chief Legal Officer & Corp Sec now owns 602,268 shares after completing the transaction at $1.88 per share. On Mar 18 ’24, another insider, Krick Anthony J, who serves as the Chief Accounting Officer of the company, sold 2,345 shares for $1.88 each. As a result, the insider received 4,409 and left with 143,988 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 100733424 and an Enterprise Value of 158798192. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42. Its current Enterprise Value per Revenue stands at 2.237 whereas that against EBITDA is -7.106.
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 $0.90. The 50-Day Moving Average of the stock is -40.54%, while the 200-Day Moving Average is calculated to be -30.85%.
Shares Statistics:
OPTN traded an average of 589.08K shares per day over the past three months and 502180 shares per day over the past ten days. A total of 112.40M shares are outstanding, with a floating share count of 80.41M. Insiders hold about 28.62% of the company’s shares, while institutions hold 57.06% stake in the company. Shares short for OPTN as of 1711584000 were 3109609 with a Short Ratio of 5.28, compared to 1709164800 on 3212954. Therefore, it implies a Short% of Shares Outstanding of 3109609 and a Short% of Float of 3.19.
Earnings Estimates
Current recommendations for the stock of the company come from Opendoor Technologies Inc analysts. The consensus estimate for the next quarter is $1.84, with high estimates of $0.63 and low estimates of $19.67.
