As of Friday close, Option Care Health Inc.’s (NASDAQ:OPCH) stock was up $0.23, moving up 0.70 percent to $33.29. The average number of shares traded per day over the past five days has been 1,632,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.55 fall in that time frame. In the last twenty days, the average volume was 1,690,880, while in the previous 50 days, it was 2,061,062.
Since last month, OPCH stock retreated -5.40%. Shares of the company fell to $32.77 on 09/22/23, the lowest level in the past month. A 52-week high of $35.87 was reached on 08/16/23 after having rallying from a 52-week low of $24.23. Since the beginning of this year, OPCH’s stock price has risen by 10.63% or $3.20, and marked a new high 10 times. However, the stock has declined by -7.19% since its 52-week high.
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OPCH stock investors should be aware that Option Care Health Inc. (OPCH) stock had its last reported insider trading activity 37 days ago on Aug 17. Pate R Carter, the Director of the company, purchased of 1,465 shares for $34.32 on Aug 17. It resulted in a $50,279 investment by the insider. Smyser Collin added 2,500 shares at an average price of $34.69 on Aug 14. The insider now owns 2,500 shares following the transaction. On Aug 11, Director KRAEMER HARRY M JANSEN JR bought 55,000 shares at $34.63 apiece. The transaction was valued at $1,904,518.
Valuation Metrics
Right now, Option Care Health Inc. (OPCH) has a P/E ratio of about 25.26. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 4.05, and the price-to-cash flow ratio of 17.03 may also be considered.
Financial Health
In the three months ended June 29, Option Care Health Inc.’s quick ratio stood at 1.40, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.72, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 22.50% percent. In the year ended June 29, EBITDA margin amounted to 8.25%, whereas operating margins totaled 6.70%. Based on annual data, OPCH earned $866.92 million in gross profit and brought in $3.94 billion 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 7.60%. Return on equity (ROE) for the past 12 months was 17.30%.
In Option Care Health Inc.’s quarter-end financial report for June 29, it reported total debt of $1.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OPCH’s revenue rose 8.25% to $1.02 billion during the quarter, while net income inched up to $1.07 billion. While analysts expected Option Care Health Inc. to report $0.22 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by 186.40%. During the quarter, the company generated $99.05 million in EBITDA. The liabilities of Option Care Health Inc. were 1.85 billion at the end of its most recent quarter ended June 29, and its total debt was $1.16 billion. The value of shareholders’ equity is $179.88 million.
Technical Picture
This quick technical analysis looks at Option Care Health Inc.’s (OPCH) price momentum. With a historical volatility rate of 16.90%, the RSI 9-day stood at 30.65% on 22 September.
With respect to its five-day moving average, the current Option Care Health Inc. price is down by -4.45% percent or -$1.55. At present, OPCH shares trade -4.23% below its 20-day simple moving average and +1.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.09% above its SMA50 and +10.16% above its SMA200.
Stochastic coefficient K was 12.87% and Stochastic coefficient D was 15.30%, while ATR was 0.60. Given the Stochastic reading of 21.05% for the 14-day period, the RSI (14) reading has been calculated as 37.90%. As of today, the MACD Oscillator reading stands at -0.74, while the 14-day reading stands at -0.76.
Analyst Ratings
Option Care Health Inc. (OPCH) has been rated Buy by analysts. According to 0 brokerage firms, OPCH is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Option Care Health Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $41.00, the current consensus forecast for the stock is $39.00 – $46.00. Based on these forecasts, analysts predict Option Care Health Inc. (OPCH) will achieve an average price target of $41.71.
