Orasure Technologies Inc. (NASDAQ: OSUR) stock jumped 1.12% on Monday to $7.22 against a previous-day closing price of $7.14. With 0.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $7.26 whereas the lowest price it dropped to was $7.00. The 52-week range on OSUR shows that it touched its highest point at $7.82 and its lowest point at $4.38 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 0.18.
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 up-trending over the past week, with a rise of 10.40%, but this was up by 34.95% over a month. Three-month performance surged to 4.49% while six-month performance rose 35.46%. The stock gained 41.85% in the past year, while it has gained 49.79% so far this year. A look at the trailing 12-month EPS for OSUR yields 0.67 with Next year EPS estimates of -0.25. For the next quarter, that number is 0.10. This implies an EPS growth rate of 317.33% for this year and -146.47% for next year.
Float and Shares Shorts:
At present, 72.73 million OSUR shares are outstanding with a float of 70.16 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.9 million, which was 3.95% higher than short shares on Sep 28, 2023. In addition to Ms. Carrie Eglinton Manner as the firm’s President, CEO & Director, Mr. Kenneth J. McGrath serves as its Chief Financial Officer.
Through their ownership of 88.43% of OSUR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.76% of OSUR, in contrast to 45.49% held by mutual funds. Shares owned by individuals account for 12.20%. As the largest shareholder in OSUR with 15.05% of the stake, BlackRock Fund Advisors holds 11,050,707 shares worth 11,050,707. A second-largest stockholder of OSUR, The Vanguard Group, Inc., holds 5,280,110 shares, controlling over 7.19% 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 6.76% stake in OSUR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,960,939 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 11.13 million. iShares Russell 2000 ETF holds 2.27% of the stake in OSUR, owning 1,666,245 shares worth 8.6 million.
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 $6.00. Based on these targets, OSUR could drop -3.05% to reach the target high and fall by -30.75% to reach the target low. Reaching the average price target will result in a decline of -16.9% from current levels.
Summary of Insider Activity:
Insiders traded OSUR stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 3,922 shares were bought while 1,062 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 681,408 while 130,603 shares were sold.