The growth track for OPKO Health Inc. (OPK) has changed recently

OPKO Health Inc. (NASDAQ: OPK) stock jumped 1.36% on Friday to $1.49 against a previous-day closing price of $1.47. With 2.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.45 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $1.5199 whereas the lowest price it dropped to was $1.4400. The 52-week range on OPK shows that it touched its highest point at $4.63 and its lowest point at $1.03 during that stretch. It currently has a 1-year price target of $4.95. Beta for the stock currently stands at 1.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OPK was up-trending over the past week, with a rise of 12.03%, but this was up by 29.57% over a month. Three-month performance dropped to -13.87% while six-month performance fell -41.34%. The stock lost -66.37% in the past year, while it has gained 19.20% so far this year. A look at the trailing 12-month EPS for OPK yields -0.45 with Next year EPS estimates of -0.23. For the next quarter, that number is -0.11. This implies an EPS growth rate of -197.40% for this year and 50.00% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.90%.

Float and Shares Shorts:

At present, 750.40 million OPK shares are outstanding with a float of 416.76 million shares on hand for trading. On Oct 13, 2022, short shares totaled 37.44 million, which was 4.85% higher than short shares on Sep 14, 2022. In addition to Dr. Phillip Frost Ph.D. as the firm’s Chairman & CEO, Dr. Jane H. Hsiao M.B.A., MBA, Ph.D. serves as its Vice Chairman & Chief Technical Officer.


Institutional Ownership:

Through their ownership of 25.30% of OPK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.28% of OPK, in contrast to 40.28% held by mutual funds. Shares owned by individuals account for 17.00%. As the largest shareholder in OPK with 5.13% of the stake, The Vanguard Group, Inc. holds 39,614,429 shares worth 39,614,429. A second-largest stockholder of OPK, BlackRock Fund Advisors, holds 29,666,569 shares, controlling over 3.84% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in OPK, holding 10,823,641 shares or 1.40% stake. With a 1.65% stake in OPK, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 12,728,537 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.42% of OPK stock, is the second-largest Mutual Fund holder. It holds 10,951,164 shares valued at 13.69 million. iShares Russell 2000 ETF holds 1.18% of the stake in OPK, owning 9,095,249 shares worth 11.37 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OPK since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OPK analysts setting a high price target of $8.50 and a low target of $3.00, the average target price over the next 12 months is $4.95. Based on these targets, OPK could surge 470.47% to reach the target high and rise by 101.34% to reach the target low. Reaching the average price target will result in a growth of 232.21% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OPK will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of -$0.35 being high and -$0.51 being low. For OPK, this leads to a yearly average estimate of -$0.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. OPKO Health Inc. surprised analysts by -$0.03 when it reported -$0.11 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was -$0.15. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.11.

Summary of Insider Activity:

Insiders traded OPK stock several times over the past three months with 32 Buys and 0 Sells. In these transactions, 600,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 277 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 85,510,751 while 0 shares were sold.

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