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Ontrak Inc. (NASDAQ: OTRK): Moving Toward A Higher Share Price

Ontrak Inc. (NASDAQ:OTRK) shares, rose in value on Thursday, 05/12/22, with the stock price up by 21.82% to the previous day’s close as strong demand from buyers drove the stock to $1.34.

Actively observing the price movement in the last trading, the stock closed the session at $1.10, falling within a range of $1.03 and $1.38. The value of beta (5-year monthly) was 2.03. Referring to stock’s 52-week performance, its high was $41.65, and the low was $1.09. On the whole, OTRK has fluctuated by -22.54% over the past month.

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With the market capitalization of Ontrak Inc. currently standing at about $25.58 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 07, 2022 – Mar 11, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.65, which is expected to increase to -$0.87 for fiscal year -$1.82 and then to about -$2.54 by fiscal year 2022. Data indicates that the EPS growth is expected to be -26.40% in 2022, while the next year’s EPS growth is forecast to be -39.60%.

Analysts have estimated the company’s revenue for the quarter at $12.76 million, with a low estimate of $11.43 million and a high estimate of $14.99 million. According to the average forecast, sales growth in current quarter could jump down -56.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $85.26 million, representing an increase of 2.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that OTRK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OTRK currently trading nearly -4.83% and -27.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.84, while the 7-day volatility ratio is showing 18.78% which for the 30-day chart, stands at 14.70%. Furthermore, Ontrak Inc. (OTRK)’s beta value is 2.45, and its average true range (ATR) is 0.20.

Data on historical trading for Ontrak Inc. (NASDAQ:OTRK) indicates that the trading volumes over the past 10 days have averaged 1.12 million and over the past 3 months, they’ve averaged 507.60K. According to company’s latest data on outstanding shares, there are 19.92 million shares outstanding.

Nearly 51.84% of Ontrak Inc.’s shares belong to company insiders and institutional investors own 25.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.22 million shares as on Dec 14, 2021, resulting in a short ratio of 3.49. According to the data, the short interest in Ontrak Inc. (OTRK) stood at 11.56% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 2.7 million. The stock has fallen by -78.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OTRK stock heading into the next quarter.

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