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Tuesday, March 21, 2023

OraSure Technologies Inc. (NASDAQ: OSUR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for OraSure Technologies Inc. (OSUR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -2.02%, to $6.29. The OraSure Technologies Inc. has recorded 19,739 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that OraSure Reports 4Q22 Record Revenue of $123.1 Million Growing 94% Year-Over-Year; Positions for Longer-Term Growth and Profitability.

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Stocks Info

OraSure Technologies Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Instruments & Supplies industry. At the end of the last regular session, the stock closed at $6.42 and fluctuated between $6.48 as its day high and $6.30 as its day low. The current market capitalization of OraSure Technologies Inc. is $467.70M. A total of 0.52 million shares were traded on the day, compared to an average of 512.60K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, OSUR has seen 3 BUY and 11 SELL insider trades, representing the acquisition of 55,774 and the disposition of 37,572 shares. Over the last 12 months, there were 23 BUYs and 29 SELLs from insiders. Insiders purchased 1,689,525 shares during that period but sold 107,193.

In the most recent transaction, LANCASTER RONNY B bought 50,000 shares of OSUR for 4.00 per share on Aug 26. After the transaction, the Director now owns 104,782 company shares. In a previous transaction on Aug 25, Aspinall Mara G. bought 6,000 shares at 4.19 per share. OSUR shares that Director owns now total 77,218.

Among the insiders who bought shares, Gagliano Nancy J acquired of 2,200 shares on Aug 17 at a per-share price of $4.39. This resulted in the Director holding 42,160 shares of OSUR after the transaction. In another insider transaction, Celano Michael bought 12,000 shares at $4.49 per share on Aug 12. Company shares held by the Director now total 111,823.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for OSUR in the last 3 months, the mean price target is $5.88 with high estimates of $7.00 and low estimates of $5.50. In terms of 52-week highs and lows, OSUR has a high of $7.72 and a low of $2.62.

As of this writing, OSUR has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.02 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.26 in the last quarter, which was -100.00% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OSUR is Overweight with a score of 3.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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