OraSure Technologies, Inc. (NASDAQ:OSUR) traded at $12.09 at last check on Friday, Nov 20, making an upward move of 1.38% on its previous day’s price.
Looking at the stock we see that its previous close was $11.92 and the beta (5Y monthly) reads 0.19 with the day’s price range being $11.78 – 12.36. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, OSUR has a high of $19.75 and a low of $5.23. The company’s stock has gained about -18.18% over that past 30 days.
OraSure has a market cap of $889.94 Million and is expected to release its quarterly earnings report on Feb 17, 2021- Feb 22, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the OSUR stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year declined at -$0.17 for 2020 and $0.6 for next year. These figures represent -1.63% and at -4.53% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $57.29 Million, with a low of $55.07 Million and a high of $60Million. The median projection represents growth adding up to 15.3% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $166.11 Million, or +7.4% up from figures reported last year.
On the other hand, looking at the outlook for the OSUR stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Let’s briefly compare OraSure (OSUR) stock to its peers. We find that today’s price change of +1.38% and +53.75% over the past 12 months for OSUR betters that of Abbott Laboratories (ABT), which has seen its stock price fall -0.1% in the latest trading session and is +32.52% over the last one year. Another of its peers Medtronic Inc (MDT) has dropped -0.76% today, but is -0.3% down over the past year, while Stryker Corp (SYK) is also up 1.38% yet its price remains in the green at 53.75% over the same period. Abbott has a P/E ratio of 58.98 compared to OraSure’s 0 and Medtronic’s 33.99. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to OraSure Technologies, Inc. (NASDAQ:OSUR), we note that the average 3-month trading volume was 2.2 Million, while that of the preceding 10-day period stands at 1.38 Million. Current shares outstanding are 71.73 Million.
According to data from Thomson Reuters, insiders hold 1.52% of the company’s shares while institutions hold 100.8%. The data shows that short shares as of October 29, 2020, stood at 7.08 Million at a short ratio of 3.71. This represents a 9.88% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 6.87 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +50.5% up in year-to-date price movement.