The price of Option Care Health Inc (NASDAQ:OPCH) shares last traded on Wall Street fell -2.17% to $23.04.
OPCH stock price is now -24.77% away from the 50-day moving average and -24.85% away from the 200-day moving average. The market capitalization of the company currently stands at $3.94B.
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With the price target reduced from $38 to $26, Jefferies Downgraded its rating from Buy to Hold for Option Care Health Inc (NASDAQ: OPCH). On October 30, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $43 to quote $29, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Pate R Carter, Director sold 1,465 shares of the company’s stock on Sep 03 ’24. The stock was sold for $47,421 at an average price of $32.37. Upon completion of the transaction, the Director now directly owns 36,126 shares in the company, valued at $0.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, Chief Financial Officer SHAPIRO MICHAEL H. sold 23,217 shares of the business’s stock. A total of $718,501 was realized by selling the stock at an average price of $30.95. This leaves the insider owning 247,317 shares of the company worth $5.7 million. A total of 0.93% of the company’s stock is owned by insiders.
During the past 12 months, Option Care Health Inc has had a low of $23.42 and a high of $34.62. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 1.73, and a quick ratio of 1.32. According to the stock market information, the enterprise value for the company is $4553533440, which is based on a 19.29 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for OPCH is $30.6278 and a two-hundred day moving average price translates $30.65975 for the stock.
The latest earnings results from Option Care Health Inc (NASDAQ: OPCH) was released for 2024-09-30. The net profit margin was 4.37% and return on equity was 14.57% for OPCH. The company reported revenue of $1.28 billion for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.97 percent.
