While Option Care Health Inc has underperformed by -1.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OPCH fell by -25.53%, with highs and lows ranging from $34.62 to $22.04, whereas the simple moving average fell by -27.29% in the last 200 days.
On November 04, 2024, Goldman Downgraded Option Care Health Inc (NASDAQ: OPCH) to Neutral. A report published by Jefferies on October 31, 2024, Downgraded its rating to ‘Hold’ for OPCH. BofA Securities also Downgraded OPCH shares as ‘Neutral’, setting a target price of $29 on the company’s shares in a report dated October 30, 2024. JMP Securities Initiated an Mkt Outperform rating on July 16, 2024, and assigned a price target of $36. Jefferies initiated its ‘Buy’ rating for OPCH, as published in its report on February 27, 2023. Goldman’s report from July 19, 2021 suggests a price prediction of $25 for OPCH shares, giving the stock a ‘Buy’ rating. Deutsche Bank also rated the stock as ‘Buy’.
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Analysis of Option Care Health Inc (OPCH)
Further, the quarter-over-quarter increase in sales is 16.97%, showing a positive trend in the upcoming months.
Option Care Health Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 14.57% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.32, 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 be an extremely valuable indicator of volatility, and OPCH is registering an average volume of 1.77M. On a monthly basis, the volatility of the stock is set at 3.55%, whereas on a weekly basis, it is put at 2.71%, with a loss of -2.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.88, showing growth from the present price of $21.93, which can serve as yet another indication of whether OPCH is worth investing in or should be passed over.
How Do You Analyze Option Care Health Inc Shares?
A giant in the Medical Care Facilities market, Option Care Health Inc (OPCH) is based in the USA. When comparing Option Care Health Inc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 18.36, there is a growth in quarterly earnings of 0.42%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 1.11%. 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 102.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OPCH shares are owned by institutional investors to the tune of 102.40% at present.
