Stocks of Opko Health Inc (NASDAQ:OPK) traded higher last session on Wall Street, up 4.90% to $1.50.
OPK stock price is now 11.48% away from the 50-day moving average and 19.52% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
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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 100,000 shares of the company’s stock on Aug 08 ’24. The stock was sold for $3,182,380 at an average price of $31.82. Upon completion of the transaction, the 10% Owner now directly owns 2,871,570 shares in the company, valued at $4.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, 10% Owner OPKO HEALTH, INC. sold 12,994 shares of the business’s stock. A total of $381,427 was realized by selling the stock at an average price of $29.35. This leaves the insider owning 2,971,570 shares of the company worth $4.46 million. A total of 53.36% 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 $1.95. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.63, and a quick ratio of 1.36. The fifty day moving average price for OPK is $1.3484 and a two-hundred day moving average price translates $1.25645 for the stock.
The latest earnings results from Opko Health Inc (NASDAQ: OPK) was released for 2024-06-30. The net profit margin was -33.94% and return on equity was -16.59% for OPK. The company reported revenue of $182.19 million for the quarter, compared to $265.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.36 percent.
