At the last check on Thursday, OpGen Inc.’s (NASDAQ:OPGN) stock was up $0.05, moving up 28.57 percent to $0.22. The average number of shares traded per day over the past five days has been 521,380 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0307 gain in that time frame. In the last twenty days, the average volume was 802,365, while in the previous 50 days, it was 385,222.
Since last month, OPGN stock retreated -61.85%. Shares of the company fell to $0.1650 on 08/30/23, the lowest level in the past month. A 52-week high of $9.65 was reached on 01/04/23 after having rallying from a 52-week low of $0.17. Since the beginning of this year, OPGN’s stock price has dropped by -92.02% or -$2.6113, and marked a new high 2 times. However, the stock has declined by -97.67% since its 52-week high.
Valuation Metrics
The stock’s beta is -0.14. Besides these, the trailing price-to-sales (P/S) ratio of 0.75, the price-to-book (PB) ratio of 0.20.
Financial Health
In the three months ended June 29, OpGen Inc.’s quick ratio stood at 0.40, while its current ratio was 0.60, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -44.60% percent. Based on annual data, OPGN earned -$0.82 million in gross profit and brought in $2.61 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -177.30%. Return on equity (ROE) for the past 12 months was -385.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OPGN’s revenue fell -31.08% to $0.91 million during the quarter, while net income inched up to $0.74 million. While analysts expected OpGen Inc. to report -$0.71 quarterly earnings, the actual figure was -$0.93 per share, beating the consensus estimate by -31.00%. During the quarter, the company generated -$4.79 million in EBITDA. The liabilities of OpGen Inc. were 15.57 million at the end of its most recent quarter ended June 29, and its total debt was $12.7 million. The value of shareholders’ equity is $8.9 million.
Technical Picture
This quick technical analysis looks at OpGen Inc.’s (OPGN) price momentum. With a historical volatility rate of 107.95%, the RSI 9-day stood at 33.66% on 30 August.
With respect to its five-day moving average, the current OpGen Inc. price is up by +17.25% percent or $0.0307. At present, OPGN shares trade -64.20% below its 20-day simple moving average and -82.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -66.87% below its SMA50 and -94.87% below its SMA200.
Stochastic coefficient K was 12.38% and Stochastic coefficient D was 5.82%, while ATR was 0.0407. Given the Stochastic reading of 28.32% for the 14-day period, the RSI (14) reading has been calculated as 27.76%.
Analyst Ratings
Alliance Global Partners launched its rating on OpGen Inc. (NASDAQ: OPGN) to a Buy in a note to investors on March 01, 2019. OpGen Inc. (OPGN) has been rated Hold by analysts. According to 0 brokerage firms, OPGN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate OpGen Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $3.00 – $3.00. Based on these forecasts, analysts predict OpGen Inc. (OPGN) will achieve an average price target of $3.00.
