OrthoPediatrics corp (NASDAQ:KIDS) price on Friday, January 17, rose 2.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $27.16.
A look at the stock’s price movement, the close in the last trading session was $26.53, moving within a range at $26.0 and $27.23. The beta value (5-Year monthly) was 1.163. Turning to its 52-week performance, $35.99 and $21.02 were the 52-week high and 52-week low respectively. Overall, KIDS moved 21.90% over the past month.
OrthoPediatrics corp’s market cap currently stands at around $657.71 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 52.7M for the company’s revenue for the quarter, with a low and high estimate of 52.7M and 52.7M respectively. The average forecast suggests up to a 40.11% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 204.7M, representing a 37.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KIDS is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend KIDS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KIDS’s current price about 14.22% and 11.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.30, while 7-day volatility ratio is 8.12% and 5.55% in the 30-day chart. Further, OrthoPediatrics corp (KIDS) has a beta value of 1.14, and an average true range (ATR) of 1.43. Analysts have given the company’s stock an average 52-week price target of $43, forecast between a low of $28 and high of $44. Looking at the price targets, the low is -3.09% off current price level while to achieve the yearly target high, price needs to move -62.0%. Nonetheless, investors will most likely welcome a -58.32% jump to $43 which is the analysts’ median price.
If we refocus on OrthoPediatrics corp (NASDAQ:KIDS), historical trading data shows that trading volumes averaged 0.34 over the past 10 days and 232.08K over the past 3 months. The company’s latest data on shares outstanding shows there are 24.21 million shares.
The 32.53% of OrthoPediatrics corp’s shares are in the hands of company insiders while institutional holders own 68.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.91 million on 2024-12-31, giving us a short ratio of 3.28. The data shows that as of 2024-12-31 short interest in OrthoPediatrics corp (KIDS) stood at 1373.0 of shares outstanding, with shares short rising to 0.88 million registered in 2024-11-29. Current price change has pushed the stock 17.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KIDS stock continues to rise going into the next quarter.
