OraSure Technologies Inc. (NASDAQ:OSUR) currently has a daily average trading volume of 586.27K but it saw 819506 shares traded on Thursday. With a market cap of 366.88M USD, stock’s current market price of $5.05 came falling about -0.98 while comparing to the previous closing price of $5.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.82 and as low as $2.62. In the recent trading on the day, stock has struck highest price mark of $5.14 while lowest mark touched by it was $4.96.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Taking a look at 20-day trading activity of OraSure Technologies Inc. (OSUR) gives us an average price of $6.16, while its current price level is -35.42% below from 52-week high level whereas it is 92.75% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.34 while that of 200 days or SMA-200 reads an average of $5.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.31% during that period while stretching the period over a month that increases to 5.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 30.16 which implies that the stock is in neutral territory.
OraSure Technologies Inc. (OSUR)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $6.50 and $7.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $6.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.50. Average price target assigned by them is $6.95 which highlights an upside potential of 27.34% for the stock over that period. And to attain the median price target of $7.00 assigned by those analysts, stock has to add about 27.86% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, OSUR’s stock price is moving -5.78% down while it is -23.95% when we observe its performance for the past one month. Year-to-date it is 4.77% up and over the past year, the stock is showing an upside performance of 11.97%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.37 beat the consensus estimate of $0.14 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.07 while estimate for next year EPS is $0.11. For OSUR, analysts are forecasting an EPS-growth rate of 144.00% for current year and estimate for EPS growth in next year is -390.90%. In next quarter, company is expected to be making quarterly sales of $50.16 million as analysts are expecting the sales for current fiscal year at $321.41 million and seeing the company making $192.46 million in sales next year. Moreover, analysts are in estimates of $63.86 million for current-quarter revenue.
Currently, OraSure Technologies Inc.’s total number of outstanding shares is 73.11M with 4.10% of that held by the insiders while 83.64% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.70% and return on equity (ROE) at 8.10%. It has a price to earnings ratio (P/E ratio) of 12.78. Stock’s beta reads 0.12. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 0.77. Its return on asset (ROA) is 6.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the OraSure Technologies Inc. (OSUR) decreasing its stake to 7.15% with control over 8415.0 shares in the company. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 1.52 million or 2.08% of the company’s stake having worth of about 10.35 million.
