The trading price of Orasure Technologies Inc (NASDAQ:OSUR) floating higher at last check on current market day and closing at $3.87, 12.50% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $3.7759 and $4.22. In examining the 52-week price action we see that the stock hit a 52-week high of $6.38 and a 52-week low of $2.68. Over the past month, the stock has gained 1.84% in value.
Orasure Technologies Inc, whose market valuation is $289.47 million at the time of this writing, is expected to release its quarterly earnings report on 2025-Feb-24. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.12 per share this quarter, however they have predicted annual earnings per share of -0.34 for current year and -0.07 for next year.
Analysts have forecast the company to bring in revenue of 29.65M for the current quarter, with the likely lows of 29.14M and highs of 30M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 135.53M.
On the technical side, indicators suggest OSUR has a 50% 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 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
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 OSUR 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 Orasure Technologies Inc (OSUR) 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 OSUR’s price is currently 11.87% off the SMA20 and 4.31% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.62, and weekly volatility stands at 3.40%. When measured over the past 30 days, the indicator reaches 5.81%. Orasure Technologies Inc (NASDAQ:OSUR)’s beta value is currently sitting at 0.76, while the Average True Range indicator is currently displaying 0.23. With analysts defining $4-$4 as the low and high price targets, we arrive at a consensus price target of $4 for the trailing 12-month period. The current price is about -3.36% off the estimated low and -3.36% off the forecast high, based on this estimate. Investors will be thrilled if OSUR’s share price rises to $4, which is the median consensus price. At that level, OSUR’s share price would be -3.36% below current price.
To see how Orasure Technologies Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: OSUR stock’s performance was 12.50% at last check in today’s session, and -40.64% in the past year.
An evaluation of the daily trading volume of Orasure Technologies Inc (NASDAQ:OSUR) indicates that the 3-month average is 881.40K. However, this figure has increased over the past 10 days to an average of 0.63.
Currently, records show that 74.60 million of the company’s shares remain outstanding. The insiders hold 4.34% of outstanding shares, whereas institutions hold 89.96%. The stats also highlight that short interest as of 2025-02-28, stood at 2.45 million shares, resulting in a short ratio of 2.3 at that time. From this, we can conclude that short interest is 412.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 1.91 million. However, since the stock’s price has seen 7.20% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
