What Do Analysts Think Will Happen To OpGen Inc. (NASDAQ: OPGN) – Stocks Register
Home  »  Companies   »  What Do Analysts Think Will Happen To OpGen Inc. (...

What Do Analysts Think Will Happen To OpGen Inc. (NASDAQ: OPGN)

The trading price of OpGen Inc. (NASDAQ:OPGN) closed lower on Tuesday, October 12, closing at $2.16, -0.92% lower than its previous close.

>> 7 Top Picks for the Post-Pandemic Economy <<

Traders who pay close attention to intraday price movement should know that it fluctuated between $2.15 and $2.24. In examining the 52-week price action we see that the stock hit a 52-week high of $4.37 and a 52-week low of $1.63. Over the past month, the stock has lost -28.00% in value.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


OpGen Inc., whose market valuation is $85.38 million at the time of this writing, is expected to release its quarterly earnings report Nov 09, 2021 – Nov 15, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.2 per share this quarter, however they have predicted annual earnings per share of -$0.9 for 2021 and -$0.62 for 2022. It means analysts are expecting annual earnings per share growth of 47.40% this year and 31.10% next year.

Analysts have forecast the company to bring in revenue of $1.72 million for the current quarter, with the likely lows of $1.25 million and highs of $2.2 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $5.39 million. The company’s revenue is forecast to grow by 27.90% over what it did in 2021.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of OpGen Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest OPGN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned OPGN a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged OpGen Inc. (OPGN) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that OPGN’s price is currently -23.62% off the SMA20 and -24.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.85, and weekly volatility stands at 8.16%. When measured over the past 30 days, the indicator reaches 8.37%. OpGen Inc. (NASDAQ:OPGN)’s beta value is currently sitting at -0.61, while the Average True Range indicator is currently displaying 0.26. With analysts defining $6.00-$6.00 as the low and high price targets, we arrive at a consensus price target of $6.00 for the trailing 12-month period. The current price is about -177.78% off the estimated low and -177.78% off the forecast high, based on this estimate. Investors will be thrilled if OPGN’s share price rises to $6.00, which is the median consensus price. At that level, OPGN’s share price would be -177.78% below current price.

To see how OpGen Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: OPGN stock’s performance was -0.92% in the latest trading, and -10.37% in the past year. OpGen Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has plunged -0.24%, while the Dow Jones Industrial also saw a negative session, down -0.34% on the day.

An evaluation of the daily trading volume of OpGen Inc. (NASDAQ:OPGN) indicates that the 3-month average is 2.53 million. However, this figure has increased over the past 10 days to an average of 13.76 million.

Currently, records show that 38.27 million of the company’s shares remain outstanding. The insiders hold 0.40% of outstanding shares, whereas institutions hold 6.20%. The stats also highlight that short interest as of Aug 12, 2021, stood at 0.52 million shares, resulting in a short ratio of 0.62 at that time. From this, we can conclude that short interest is 1.35% of the company’s total outstanding shares. It is noteworthy that short shares in August were up slightly from the previous month’s figure, which was 0.33 million. However, since the stock’s price has seen 5.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam