Stocks of Opko Health Inc (NASDAQ:OPK) traded higher last session on Wall Street, up 0.70% to $1.44.
OPK stock price is now 10.24% away from the 50-day moving average and 14.54% away from the 200-day moving average. The market capitalization of the company currently stands at $1.00B.
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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, OPKO HEALTH, INC., 10% Owner sold 36,118 shares of the company’s stock on Jul 05 ’24. The stock was sold for $1,020,016 at an average price of $28.24. Upon completion of the transaction, the 10% Owner now directly owns 3,433,403 shares in the company, valued at $4.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03 ’24, 10% Owner OPKO HEALTH, INC. sold 14,082 shares of the business’s stock. A total of $397,491 was realized by selling the stock at an average price of $28.23. This leaves the insider owning 3,469,521 shares of the company worth $5.0 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 $2.22. 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 $1.3092 and a two-hundred day moving average price translates $1.2568 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.
