Healthy Upside Potential: OraSure Technologies Inc. (OSUR)

OraSure Technologies Inc. (NASDAQ: OSUR) stock jumped 1.81% on Monday to $5.63 against a previous-day closing price of $5.53. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.66 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $5.70 whereas the lowest price it dropped to was $5.47. The 52-week range on OSUR shows that it touched its highest point at $7.82 and its lowest point at $3.45 during that stretch. It currently has a 1-year price target of $5.95. Beta for the stock currently stands at 0.05.

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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 OSUR was down-trending over the past week, with a drop of -6.48%, but this was down by -13.25% over a month. Three-month performance surged to 2.93% while six-month performance fell -11.34%. The stock gained 35.99% in the past year, while it has gained 16.80% so far this year. A look at the trailing 12-month EPS for OSUR yields 0.59 with Next year EPS estimates of -0.30. For the next quarter, that number is 0.04. This implies an EPS growth rate of 22.60% for this year and -190.90% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.00%.

Float and Shares Shorts:

At present, 73.32 million OSUR shares are outstanding with a float of 70.30 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.45 million, which was 3.34% higher than short shares on Jul 30, 2023. In addition to ASUR as the firm’s Asure Software Inc, OSCR serves as its Oscar Health, Inc.

Institutional Ownership:

Through their ownership of 88.43% of OSUR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.02% of OSUR, in contrast to 44.41% held by mutual funds. Shares owned by individuals account for 12.20%. As the largest shareholder in OSUR with 15.75% of the stake, BlackRock Fund Advisors holds 11,561,255 shares worth 11,561,255. A second-largest stockholder of OSUR, The Vanguard Group, Inc., holds 5,221,565 shares, controlling over 7.11% of the firm’s shares. Camber Capital Management LP is the third largest shareholder in OSUR, holding 4,250,000 shares or 5.79% stake. With a 7.07% stake in OSUR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,189,084 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.94% of OSUR stock, is the second-largest Mutual Fund holder. It holds 2,157,546 shares valued at 13.94 million. iShares Russell 2000 ETF holds 2.27% of the stake in OSUR, owning 1,663,771 shares worth 10.75 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, OSUR reported revenue of $80.23M and operating income of -$10.75M. The EBITDA in the recently reported quarter was $3.81M and diluted EPS was -$0.26.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OSUR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OSUR analysts setting a high price target of $7.00 and a low target of $5.00, the average target price over the next 12 months is $5.95. Based on these targets, OSUR could surge 24.33% to reach the target high and fall by -11.19% to reach the target low. Reaching the average price target will result in a growth of 5.68% 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.

Summary of Insider Activity:

Insiders traded OSUR stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 28,465 shares were bought while 15,366 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 681,584 while 130,651 shares were sold.

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