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Sunday, December 3, 2023

Searching For Real Value In Market Debris At Opko Health Inc (NASDAQ: OPK)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Opko Health Inc (OPK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -2.99%, to $1.30. The Opko Health Inc has recorded 56,716 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted OPKO Health Reports Third Quarter 2023 Business Highlights and Financial Results.

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Stocks Info

As a NASDAQ listed company, OPK falls under the Healthcare sector while operating within the Diagnostics & Research industry segment. At the end of the last regular session, the stock closed at $1.34 and fluctuated between $1.3600 as its day high and $1.3100 as its day low. The current market capitalization of Opko Health Inc is $1.04B. A total of 1.56 million shares were traded on the day, compared to an average of 2.31M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OPK has seen 33 BUY and 0 SELL insider trades, representing the acquisition of 925,000 and the disposition of 0 shares. Over the last 12 months, there were 98 BUYs and 0 SELLs from insiders. Insiders purchased 3,085,245 shares during that period but sold 0.

In the most recent transaction, FROST PHILLIP MD ET AL bought 100,000 shares of OPK for 1.76 per share on Aug 17. After the transaction, the CEO & Chairman now owns 200,956,694 company shares. In a previous transaction on Aug 14, FROST PHILLIP MD ET AL bought 75,000 shares at 1.75 per share. OPK shares that CEO & Chairman owns now total 200,856,694.

Among the insiders who bought shares, FROST PHILLIP MD ET AL acquired of 100,000 shares on Aug 09 at a per-share price of $1.82. This resulted in the CEO & Chairman holding 200,781,694 shares of OPK after the transaction. In another insider transaction, FROST PHILLIP MD ET AL bought 650,000 shares at $1.84 per share on Aug 07. Company shares held by the CEO & Chairman now total 200,681,694.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OPK in the last 3 months, the mean price target is $4.48 with high estimates of $8.50 and low estimates of $2.00. In terms of 52-week highs and lows, OPK has a high of $2.24 and a low of $1.00.

As of this writing, OPK has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.16. The company reported an EPS of -$0.02 in the last quarter, which was 75.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OPK’s latest balance sheet shows that the firm has $134.70M in Cash & Short Term Investments as of fiscal 2021. There were $187.90M in debt and $301.80M in liabilities at the time. Its Book Value Per Share was $1.99, while its Total Shareholder’s Equity was $1.69B.

Analysts Opinion

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. Currently, 0 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 OPK is Buy with a score of 5.00.

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