Option Care Health Inc. (NASDAQ:OPCH) finished Friday with a subtraction of -$0.66 to close at $32.35, a downside of -2.00 percent. An average of 1,637,040 shares of common stock have been traded in the last five days. There was a fall of -$0.94 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,629,840 shares traded, while the 50-day average volume stands at 1,887,404.
OPCH stock has decreased by -8.17% in the last month. The company shares reached their 1-month lowest point of $32.22 on 09/29/23. With the stock rallying to its 52-week high on 08/16/23, shares of the company touched a low of $24.23 and a high of $35.87 in 52 weeks. It has reached a new high 10 times so far this year and achieved 7.51% or $2.26 in price. In spite of this, the price is down -9.81% from the 52-week high.
Insider Transactions
OPCH stock investors should be aware that Option Care Health Inc. (OPCH) stock had its last reported insider trading activity 204 days ago on Aug 17. In this transaction, the insider spent $193,327. 10% Owner, Walgreens Boots Alliance, Inc., disposed of 15,475,166 shares at a price of $30.30 on Mar 01. The insider now owns more than $468,897,530 worth of shares. Prior to that, Director Pate R Carter went on to Sale 1,928 shares at $31.97 each on Oct 03. An amount of $61,638 was transacted.
Valuation Metrics
Option Care Health Inc. (OPCH) has a trailing price-to-earnings (P/E) ratio of 24.55. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.41, the price-to-book (PB) ratio at 3.94, and the price-to-cash flow ratio at 15.76.
Financial Health
The quick ratio of Option Care Health Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.79, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.79 for the quarter ending June 29. Its gross profit as reported stood at $866.92 million compared to revenue of $3.94 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Option Care Health Inc.’s return on assets was 7.61%.
Earnings Surprise
For the three-month period that ended June 29, Option Care Health Inc. had $1.06 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $114.4 million in the quarter, while revenues of $39.21 million were grew 70.34%. The analyst consensus anticipated Option Care Health Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.63, a 186.40% surprise. For the quarter, EBITDA amounted to $99.05 million. Shareholders own equity worth $179.88 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Option Care Health Inc. (OPCH) price momentum. RSI 9-day as of the close on 29 September was 28.83%, suggesting the stock is oversold, with historical volatility in this time frame at 23.62%.
As of today, OPCH’s price is $33.16 -2.82% or -$0.94 from its 5-day moving average. OPCH is currently trading -7.12% lower than its 20-day SMA and +14.88% higher than its 100-day SMA. However, the stock’s current price level is -2.24% below the SMA50 and +6.70% above the SMA200.
The stochastic %K and %D were 7.61% and 17.78%, respectively, and the average true range (ATR) was 0.69. With the 14-day stochastic at 4.30% and the average true range at 0.67, the RSI (14) stands at 34.05%. The stock has reached -0.62 on the 9-day MACD Oscillator while the 14-day reading was at -1.09.
Analyst Ratings
The consensus rating for Option Care Health Inc. (OPCH) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OPCH, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.
What is OPCH’s price target for the next 12 months?
Analysts predict a range of price targets between $39.00 and $46.00, with a median target of $41.00. Taking a look at these predictions, the average price target given by analysts for Option Care Health Inc. (OPCH) stock is $41.71.
