The trading price of Ontrak Inc (NASDAQ:OTRK) floating lower at last check on current market day and closing at $2.33, -15.55% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.14 and $2.49. In examining the 52-week price action we see that the stock hit a 52-week high of $21.29 and a 52-week low of $1.81. Over the past month, the stock has lost -24.16% in value.
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Ontrak Inc, whose market valuation is $7.46 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-12. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -1.5 per share this quarter, however they have predicted annual earnings per share of -7.35 for current year and -3.6 for next year.
Analysts have forecast the company to bring in revenue of 2.6M for the current quarter, with the likely lows of 2.6M and highs of 2.6M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 10.99M.
On the technical side, indicators suggest OTRK has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that OTRK’s price is currently -13.94% off the SMA20 and -24.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.95, and weekly volatility stands at 30.63%. When measured over the past 30 days, the indicator reaches 17.11%. Ontrak Inc (NASDAQ:OTRK)’s beta value is currently sitting at 2.56, while the Average True Range indicator is currently displaying 0.58.
To see how Ontrak Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: OTRK stock’s performance was -15.55% at last check in today’s session, and -77.18% in the past year.
An evaluation of the daily trading volume of Ontrak Inc (NASDAQ:OTRK) indicates that the 3-month average is 1.58 million. However, this figure has increased over the past 10 days to an average of 10.02.
Currently, records show that 2.56 million of the company’s shares remain outstanding. The insiders hold 60.95% of outstanding shares, whereas institutions hold 0.55%. The stats also highlight that short interest as of 2024-09-13, stood at 14659.0 shares, resulting in a short ratio of 0.47 at that time. From this, we can conclude that short interest is 116.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were up slightly from the previous month’s figure, which was 12161.0. However, since the stock’s price has seen -61.25% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
