While OptimizeRx Corp has underperformed by -33.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OPRX fell by -56.95%, with highs and lows ranging from $16.65 to $5.04, whereas the simple moving average fell by -60.28% in the last 200 days.
On July 25, 2024, B. Riley Securities started tracking OptimizeRx Corp (NASDAQ: OPRX) recommending Buy. A report published by JMP Securities on April 04, 2024, Initiated its previous ‘Mkt Outperform’ rating for OPRX. Barclays also rated OPRX shares as ‘Equal Weight’, setting a target price of $15 on the company’s shares in an initiating report dated January 03, 2024. B. Riley Securities Initiated an Buy rating on February 02, 2023, and assigned a price target of $30. Stifel initiated its ‘Buy’ rating for OPRX, as published in its report on November 01, 2022. SVB Leerink’s report from July 15, 2022 suggests a price prediction of $38 for OPRX shares, giving the stock a ‘Outperform’ rating. B. Riley Securities also rated the stock as ‘Buy’.
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Analysis of OptimizeRx Corp (OPRX)
Further, the quarter-over-quarter increase in sales is 30.48%, showing a positive trend in the upcoming months.
One of the most important indicators of OptimizeRx Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -20.97% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and OPRX is recording 136.67K average volume. On a monthly basis, the volatility of the stock is set at 8.33%, whereas on a weekly basis, it is put at 12.95%, with a loss of -35.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.29, showing growth from the present price of $4.06, which can serve as yet another indication of whether OPRX is worth investing in or should be passed over.
How Do You Analyze OptimizeRx Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.35%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 75.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OPRX shares are owned by institutional investors to the tune of 75.16% at present.
