In yesterday’s Wall Street session, Opko Health Inc (NASDAQ:OPK) shares traded at $1.41, up 2.92% from the previous session.
OPK stock price is now 13.43% away from the 50-day moving average and 6.79% away from the 200-day moving average. The market capitalization of the company currently stands at $982.76M.
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With the price target maintained at $2, Barrington Research recently Upgraded its rating from Mkt Perform to Outperform for Opko Health Inc (NASDAQ: OPK). On December 15, 2022, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $3, while ‘Barrington Research’ rates the stock as ‘Mkt Perform’
In other news, FROST PHILLIP MD ET AL, CEO & Chairman bought 100,000 shares of the company’s stock on May 23 ’24. The stock was bought for $126,937 at an average price of $1.27. Upon completion of the transaction, the CEO & Chairman now directly owns 211,232,222 shares in the company, valued at $297.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’24, CEO & Chairman FROST PHILLIP MD ET AL bought 163,997 shares of the business’s stock. A total of $211,195 was incurred on buying the stock at an average price of $1.29. This leaves the insider owning 211,132,222 shares of the company worth $297.7 million. A total of 53.01% of the company’s stock is owned by insiders.
During the past 12 months, Opko Health Inc has had a low of $0.85 and a high of $2.24. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.91, and a quick ratio of 1.62. The fifty day moving average price for OPK is $1.2432 and a two-hundred day moving average price translates $1.3206 for the stock.
The latest earnings results from Opko Health Inc (NASDAQ: OPK) was released for 2024-03-31. The net profit margin was -31.57% and return on equity was -18.00% for OPK. The company reported revenue of $173.69 million for the quarter, compared to $237.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.89 percent.
