Option Care Health Inc. (NASDAQ:OPCH) saw an upside of 0.82% to close Tuesday at $35.45 after adding $0.29 on the day. The 5-day average trading volume is 1,947,540 shares of the company’s common stock. It has gained $35.74 in the past week and touched a new high 1 time within the past 5 days. An average of 2,182,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,350,084.
OPCH’s 1-month performance is 8.15% or $2.40 on its low of $32.40 reached on 07/26/23. The company’s shares have touched a 52-week low of $24.23 and high of $35.87, with the stock’s rally to the 52-week high happening on 08/16/23. YTD, OPCH has achieved 17.81% or $5.36 and has reached a new high 10 times. However, the current price is down -1.17% from the 52-week high price.
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Insider Transactions
OPCH stock investors last saw insider trading activity on Aug 17.Bavaro Michael (Chief Human Resources Officer) most recently sold 6,148 shares at $31.45 per share on Mar 10. This transaction cost the insider $193,327. 10% Owner, Walgreens Boots Alliance, Inc., sold 15,475,166 shares at a price of $30.30 on Mar 01. Then, on Oct 03, Director Pate R Carter sold 1,928 shares at a price of $31.97 per share. This transaction amounted to $61,638.
Valuation Metrics
OPCH stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.52 while the price-to-book (PB) in the most recent quarter is 4.32, with the price to cash flow ratio at 17.93.
Option Care Health Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.72, while the total debt to equity was 0.72.. In terms of profitability, the gross margin trailing 12 months is 22.50%. The trailing 12-month EBITDA margin is 8.25% while for the period ending June 29, Option Care Health Inc.’s operating margin was 6.70%. The firm’s gross profit as reported stood at $866.92 million against revenue of $3.94 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 70.34% to $114.4 million, while revenue of $39.21 million was 65.73% off the previous quarter. Analysts expected OPCH to announce $0.22 per share in earnings in its latest quarter, but it posted $0.63, representing a 186.40% surprise. EBITDA for the quarter stood at more than $99.05 million. OPCH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.85 billion, with total debt at $1.16 billion. Shareholders hold equity totaling $179.88 million.
Let’s look briefly at Option Care Health Inc. (OPCH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 72.41% to suggest the stock is trending Overbought, with historical volatility in this time period at 12.91%.
The stock’s 5-day moving average is $34.87, reflecting a +2.01% or $0.70 change from its current price. OPCH is currently trading +7.62% above its 20-day SMA, +11.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.70% and SMA200 by+18.09%.
Stochastic %K and %D was 75.49% and 63.96% and the average true range (ATR) pointed at 0.72. The RSI (14) points at 68.65%, while the 14-day stochastic is at 88.54% with the period’s ATR at 0.74. The stock’s 9-day MACD Oscillator is pointing at 0.33 and 0.72 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for OPCH stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate OPCH as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is OPCH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $39.00 and a high of $46.00, with their median price target at $41.00. Looking at these predictions, the average price target given by analysts is for Option Care Health Inc. (OPCH) stock is $41.43.
