OpGen Inc. (NASDAQ:OPGN) saw a downside of -5.17% to $0.17 after subtracting -$0.01on Wednesday. The 5-day average trading volume is 1,781,703 shares of the company’s common stock. It has gained $0.3193 in the past week and touched a new high 2 times within the past 5 days. An average of 673,401 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 372,326.
OPGN’s 1-month performance is -70.97% or -$0.4257 on its low of $0.1671 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.18 and high of $10.29, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, OPGN has lost -93.82% or -$2.6457 and has reached a new high 2 times. However, the current price is down -98.31% from the 52-week high price.
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Valuation Metrics
OPGN stock has a beta of -0.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.47 while the price-to-book (PB) in the most recent quarter is 0.09.
OpGen Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.59, while the total debt to equity was 1.13. In terms of profitability, the gross margin trailing 12 months is -25.30%. The trailing 12-month EBITDA margin is -789.17%. The firm’s gross profit as reported stood at -$0.82 million against revenue of $2.61 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. Net income shrunk -0.17% to -$5.83 million, while revenue of -$5.74 million was 1.54% off the previous quarter. Analysts expected OPGN to announce -$0.71 per share in earnings in its latest quarter, but it posted -$0.93, representing a -31.00% surprise. EBITDA for the quarter stood at more than -$4.79 million. OPGN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.57 million, with total debt at $12.7 million. Shareholders hold equity totaling $8.9 million.
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 22 August was 12.10% to suggest the stock is trending oversold, with historical volatility in this time period at 147.99%.
The stock’s 5-day moving average is $0.1895, reflecting a -17.39% or -$0.0367 change from its current price. OPGN is currently trading -69.29% above its 20-day SMA, -85.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -71.79% and SMA200 by-95.20%.
Stochastic %K and %D was 2.34% and 3.15% and the average true range (ATR) pointed at 0.0605. The RSI (14) points at 16.77%, while the 14-day stochastic is at 1.63% with the period’s ATR at 0.0629. The stock’s 9-day MACD Oscillator is pointing at -0.0259 and -0.1252 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.
What is OPGN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for OpGen Inc. (OPGN) stock is $3.00.
