On Monday, shares of OraSure Technologies, Inc. (NASDAQ:OSUR) marked $15.94 per share versus a previous $13.81 closing price. With having a 15.42% gain, an insight into the fundamental values of OraSure Technologies, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. OSUR showed a rise of 98.51% within its YTD performance, with highs and lows between $5.23 – $19.75 during the period of 52 weeks, compared to the simple moving average of 38.66% in the period of the last 200 days.
Evercore ISI equity researchers changed the status of OraSure Technologies, Inc. (NASDAQ: OSUR) shares to a “Outperform” rating in the report published on August 21st, 2020. Other analysts, including JP Morgan, also published their reports on OSUR shares. JP Morgan repeated the rating from the previous report, marking OSUR under “Neutral” rating, in the report published on August 10th, 2020. Additionally, OSUR shares got another “Buy” rating from Citigroup, setting a target price of $18 on the company’s shares, according to the report published in August 10th, 2020. On August 7th, 2020, Raymond James Upgrade an Outperform rating and increased its price target to $16. On the other hand, Lake Street Initiated the “Buy” rating for OSUR shares, as published in the report on June 25th, 2020. Stephens seems to be going bullish on the price of OSUR shares, based on the price prediction for OSUR, indicating that the shares will jump to $14, giving the shares “Equal-Weight” rating based on their report from April 21st, 2020. Another “Mkt Perform” rating came from Raymond James.
[bold-text]OraSure Technologies, Inc. (OSUR) Analysis[/bold-text]
The present dividend yield for OSUR owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -24.50%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of OraSure Technologies, Inc. (OSUR) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -0.70% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 9.50 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while OSUR is currently recording an average of 2.19M in volumes. The volatility of the stock on monthly basis is set at 6.36%, while the weekly volatility levels are marked at 7.98%with 4.80% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $19.29, indicating growth from the present price of $15.94, which can represent yet another valuable research and analysis points that can help you decide whether to invest in OSUR or pass.
[bold-text]What to Look for When Analyzing OraSure Technologies, Inc. Shares?[/bold-text]
OraSure Technologies, Inc. (OSUR) is based in the USA and it represents one of the well-known company operating with Healthcare sector. If you wish to compare OSUR shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for OraSure Technologies, Inc., while the value 40.25 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.03 is supported by the yearly EPS growth of 527.00%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.50%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 93.69% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in OSUR Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in OSUR in the recent period. That is how BlackRock Fund Advisors now has an increase position in OSUR by 7.49% in the first quarter, owning 9.58 million shares of OSUR stocks, with the value of $116.6 million after the purchase of an additional 667,427 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in OSUR shares changed 17.14% in the first quarter, which means that the company now owns 4.54 million shares of company, all valued at $55.26 million after the acquisition of additional 664,506 shares during the last quarter.
Renaissance Technologies LLC acquired a new position in OraSure Technologies, Inc. during the first quarter, with the value of $47.27 million, and American Capital Management, Inc. increased their stake in the company’s shares by 0.44% in the first quarter, now owning 15,573 shares valued at $43.52 million after the acquisition of the additional 3.58 million shares during the last quarter. In the end, Deerfield Management Company LP increased their position by 3.06% during the first quarter, now owning 3.47 million OSUR shares, now holding the value of $42.25 million in OSUR with the purchase of the additional 3,471,600 shares during the period of the last quarter. At the present, 93.69% of OSUR shares are in the ownership of institutional investors.