What The Financials Tell Us About Option Care Health Inc. (OPCH)

Option Care Health Inc. (NASDAQ:OPCH) finished Friday with a subtraction of $0.0 to close at $28.89, a downside of 0.00 percent. An average of 892,320 shares of common stock have been traded in the last five days. There was a gain of $0.26 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 906,990 shares traded, while the 50-day average volume stands at 816,668.

OPCH stock has decreased by -2.03% in the last month. The company shares reached their 1-month lowest point of $26.20 on 05/10/22. With the stock rallying to its 52-week high on 04/28/22, shares of the company touched a low of $17.64 and a high of $30.70 in 52 weeks. It has reached a new high 9 times so far this year and achieved 1.58% or $0.45 in price. In spite of this, the price is down -5.90% from the 52-week high.


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Insider Transactions

15 days have passed since Option Care Health Inc. (OPCH) last reported insider trading activity. Booker Harriet, who is CHIEF OPERATING OFFICER, most recently acquired $6,000 shares at $28.81 per share on May 06. In this transaction, the insider spent $172,860. CHIEF OPERATING OFFICER, Booker Harriet, disposed of 6,000 shares at a price of $27.18 on Apr 06. The insider now owns more than $163,080 worth of shares. Prior to that, CHIEF OPERATING OFFICER Booker Harriet went on to Sale 6,000 shares at $26.12 each on Mar 07. An amount of $156,720 was transacted.

Valuation Metrics

Option Care Health Inc. (OPCH) has a trailing price-to-earnings (P/E) ratio of 30.31. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.40, the price-to-book (PB) ratio at 4.25, and the price-to-cash flow ratio at 25.83.

Financial Health

The quick ratio of Option Care Health Inc. for the three months ended March 30 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.87 for the quarter ending March 30. Its gross profit as reported stood at $779.61 million compared to revenue of $3.44 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Option Care Health Inc.’s return on assets was 6.20%.

Earnings Surprise

For the three-month period that ended March 30, Option Care Health Inc. had $1.06 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $30.28 million in the quarter, while revenues of $75.47 million were grew 109.45%. The analyst consensus anticipated Option Care Health Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.17, a 30.80% surprise. For the quarter, EBITDA amounted to $69.27 million. Shareholders own equity worth $180.05 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Option Care Health Inc. (OPCH) price momentum. RSI 9-day as of the close on 20 May was 53.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.05%.

As of today, OPCH’s price is $28.81 +0.91% or $0.26 from its 5-day moving average. OPCH is currently trading +3.51% higher than its 20-day SMA and +2.34% higher than its 100-day SMA. However, the stock’s current price level is +10.77% above the SMA50 and +35.00% above the SMA200.

The stochastic %K and %D were 64.33% and 62.03%, respectively, and the average true range (ATR) was 1.40. With the 14-day stochastic at 70.79% and the average true range at 1.35, the RSI (14) stands at 52.86%. The stock has reached 0.55 on the 9-day MACD Oscillator while the 14-day reading was at 0.37.

Analyst Ratings

Goldman upgraded Option Care Health Inc. (NASDAQ: OPCH) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Option Care Health Inc. (OPCH) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OPCH, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

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

Analysts predict a range of price targets between $31.00 and $39.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Option Care Health Inc. (OPCH) stock is $35.29.

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