OPKO Health Inc. (NASDAQ:OPK) remained unchanged to close Tuesday at $1.70 after subtracting $0.0 on the day. The 5-day average trading volume is 2,141,760 shares of the company’s common stock. It has gained $1.8500 in the past week and touched a new high 1 time within the past 5 days. An average of 2,774,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,179,374.
OPK’s 1-month performance is -7.61% or -$0.3500 on its low of $1.6700 reached on 08/22/23. The company’s shares have touched a 52-week low of $1.00 and high of $2.59, with the stock’s rally to the 52-week high happening on 07/05/23. YTD, OPK has achieved 36.00% or $0.4500 and has reached a new high 13 times. However, the current price is down -34.36% from the 52-week high price.
Valuation Metrics
OPK stock has a beta of 1.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.51 while the price-to-book (PB) in the most recent quarter is 0.83.
OPKO Health Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.15, while the total debt to equity was 0.17.. In terms of profitability, the gross margin trailing 12 months is 36.10%. The trailing 12-month EBITDA margin is -13.69% while for the period ending June 29, OPKO Health Inc.’s operating margin was -19.20%. The firm’s gross profit as reported stood at $288.22 million against revenue of $1.0 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 shrunk -417.57% to -$19.64 million, while revenue of -$18.27 million was 6.98% off the previous quarter. Analysts expected OPK to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.03, representing a 57.10% surprise. EBITDA for the quarter stood at more than $33.87 million. OPK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 623.55 million, with total debt at $295.67 million. Shareholders hold equity totaling $773.06 million.
Let’s look briefly at OPKO Health Inc. (OPK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 37.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.17%.
The stock’s 5-day moving average is $1.7360, reflecting a -6.59% or -$0.1200 change from its current price. OPK is currently trading -6.08% above its 20-day SMA, +21.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.97% and SMA200 by-9.57%.
Stochastic %K and %D was 4.25% and 5.31% and the average true range (ATR) pointed at 0.1075. The RSI (14) points at 41.21%, while the 14-day stochastic is at 5.94% with the period’s ATR at 0.1099. The stock’s 9-day MACD Oscillator is pointing at -0.0478 and -0.0826 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for OPKO Health Inc. (NASDAQ: OPK), Barrington Research upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock.
