OpGen Inc. (OPGN): What the Financials Tell Us ?

OpGen Inc. (NASDAQ:OPGN) saw a downside of -4.17% to $2.07 after subtracting -$0.09 on Wednesday. The 5-day average trading volume is 2,144,029 shares of the company’s common stock. It has gained $2.41 in the past week. An average of 4,882,607 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,039,181.

OPGN’s 1-month performance is -28.00% or -$0.91 on its low of $2.02 reached on 10/08/21. The company’s shares have touched a 52-week low of $1.63 and high of $4.37, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, OPGN has achieved 5.88% or $0.05. However, the current price is down -52.63%% from the 52-week high price.


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Insider Transactions

On Oct 27, 351 days have gone by since the last insider trading activity for OpGen Inc. (OPGN). JONES EVAN/ FA (Director) most recently sold 1,748 shares at $2.35 per share on Oct 27. This transaction cost the insider $4,108.

Valuation Metrics

OpGen Inc. (OPGN) has a trailing price-to-earnings (P/E) ratio of 26.50 for the broader industry and 32.20 for the sector.OPGN stock has a beta of -0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 20.83 while the price-to-book (PB) in the most recent quarter is 2.08.

OpGen Inc.’s quick ratio for the period ended June 29 was 6.90, with the current ratio over the same period at 7.20 meaning that OPGN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.52. In terms of profitability, the gross margin trailing 12 months is 10.90%. The trailing 12-month EBITDA margin is -454.62%. The firm’s gross profit as reported stood at $0.37 million against revenue of $4.21 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected OPGN to announce -$0.19 per share in earnings in its latest quarter, but it posted -$0.19, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$5.39 million. OPGN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 28.83 million, with total debt at $24.57 million. Shareholders hold equity totaling $38.27 million

Technical Picture

Let’s look briefly at OpGen Inc. (OPGN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 26.09% to suggest the stock is trending oversold, with historical volatility in this time period at 119.22%.

The stock’s 5-day moving average is $2.15, reflecting a -2.57% or -$0.06 change from its current price. OPGN is currently trading -33.60% above its 20-day SMA, +0.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.13% and +22.65% respectively.

Stochastic %K and %D was 7.95% and 8.36% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 31.37%, while the 14-day stochastic is at 4.25% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.41 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for OpGen Inc. (NASDAQ: OPGN), Alliance Global Partners launched coverage with a Buy rating. Analysts offering their rating for OPGN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate OPGN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is OPGN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.00 and a high of $6.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for OpGen Inc. (OPGN) stock is $6.00.

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