Orasure Technologies Inc. (NASDAQ: OSUR): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that OraSure Technologies, Inc. Secures Strategic Distribution Rights and Invests in Sapphiros, a Next-Generation Consumer Diagnostics Company.

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Stocks Info

OSUR belongs to the Healthcare sector of the NASDAQ while operating in the Medical Instruments & Supplies industry. The current market capitalization of Orasure Technologies Inc. is $597.39M. A total of 1.4 million shares were traded on the day, compared to an average of 665.72K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, OSUR has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 3,131 shares. Over the last 12 months, there were 17 BUYs and 21 SELLs from insiders. Insiders purchased 677,656 shares during that period but sold 121,061.

In the most recent transaction, Weber Kathleen Gallagher sold 24,129 shares of OSUR for 8.05 per share on Dec 19. After the transaction, the Chief Product Officer now owns 254,700 company shares. In a previous transaction on Aug 15, Anthony Michele Marie sold 1,758 shares at 6.50 per share. OSUR shares that SVP Finance & CAO owns now total 86,188.

Among the insiders who bought shares, McGrath Kenneth J acquired of 100,000 shares on May 30 at a per-share price of $4.93. This resulted in the Chief Financial Officer holding 285,512 shares of OSUR after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for OSUR in the last 3 months, the mean price target is $7.40 with high estimates of $9.00 and low estimates of $5.00. In terms of 52-week highs and lows, OSUR has a high of $8.45 and a low of $4.38.

As of this writing, OSUR has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.06. The company reported an EPS of -$0.07 in the last quarter, which was 12.50% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. OSUR’s latest balance sheet shows that the firm has $153.04M in Cash & Short Term Investments as of fiscal 2021. There were $12.27M in debt and $68.06M in liabilities at the time. Its Book Value Per Share was $5.51, while its Total Shareholder’s Equity was $380.53M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 OSUR is Buy with a score of 3.33.

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