why Ontrak Inc. [OTRK] is a Good Choice for Investors After New Price Target of $42.14

Ontrak Inc. [NASDAQ: OTRK] surged by $5.18 during the normal trading session on Thursday and reaching a high of $35.60 during the day while it closed the day at $35.18. The company report on March 12, 2021 that Lawsuits Filed Against Azn, Otrk and Atnx – Jakubowitz Law Pursues Shareholders Claims.

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Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Astrazeneca Plc (NYSE:AZN).

Ontrak Inc. stock has also gained 44.24% of its value over the past 7 days. However, OTRK stock has declined by -38.15% in the 3 months of the year. Over the past six months meanwhile, it has lost -56.20% and lost -43.07% year-on date.

The market cap for OTRK stock reached $574.49 million, with 17.28 million shares outstanding and 7.29 million shares in the current float. Compared to the average trading volume of 842.10K shares, OTRK reached a trading volume of 1993768 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ontrak Inc. [OTRK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OTRK shares is $42.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OTRK stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Ontrak Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 02, 2021. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $89 to $30. The new note on the price target was released on March 02, 2021, representing the official price target for Ontrak Inc. stock. Previously, the target price had yet another drop from $82 to $32, while RBC Capital Mkts kept a Sector Perform rating on OTRK stock.

The Average True Range (ATR) for Ontrak Inc. is set at 6.72, with the Price to Sales ratio for OTRK stock in the period of the last 12 months amounting to 6.94. The Price to Book ratio for the last quarter was 40.44, with the Price to Cash per share for the same quarter was set at 3.53.

OTRK stock trade performance evaluation

Ontrak Inc. [OTRK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 44.24. With this latest performance, OTRK shares dropped by -61.38% in over the last four-week period, additionally sinking by -56.20% over the last 6 months – not to mention a rise of 167.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OTRK stock in for the last two-week period is set at 34.83, with the RSI for the last a single of trading hit 36.09, and the three-weeks RSI is set at 36.75 for Ontrak Inc. [OTRK]. The present Moving Average for the last 50 days of trading for this stock 65.95, while it was recorded at 29.00 for the last single week of trading, and 53.95 for the last 200 days.

Ontrak Inc. [OTRK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ontrak Inc. [OTRK] shares currently have an operating margin of -18.01 and a Gross Margin at +47.36. Ontrak Inc.’s Net Margin is presently recorded at -27.42.

Return on Total Capital for OTRK is now -25.08, given the latest momentum, and Return on Invested Capital for the company is -38.48. Return on Equity for this stock declined to -123.28, with Return on Assets sitting at -26.95. When it comes to the capital structure of this company, Ontrak Inc. [OTRK] has a Total Debt to Total Equity ratio set at 78.97. Additionally, OTRK Total Debt to Total Capital is recorded at 44.12, with Total Debt to Total Assets ending up at 33.15. Long-Term Debt to Equity for the company is recorded at 78.25, with the Long-Term Debt to Total Capital now at 43.72.

Receivables Turnover for the company is 6.18 with a Total Asset Turnover recorded at a value of 0.98.Ontrak Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 3.60.

Earnings per share (EPS) analysis for Ontrak Inc. [OTRK] stock

With the latest financial reports released by the company, Ontrak Inc. posted -0.45/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OTRK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ontrak Inc. go to 30.00%.

Ontrak Inc. [OTRK]: Insider Ownership positions

There are presently around $207 million, or 34.90% of OTRK stock, in the hands of institutional investors. The top three institutional holders of OTRK stocks are: ARROWMARK COLORADO HOLDINGS LLC with ownership of 1,023,808, which is approximately 18.82% of the company’s market cap and around 57.43% of the total institutional ownership; CREDIT SUISSE AG/, holding 905,426 shares of the stock with an approximate value of $31.85 million in OTRK stocks shares; and BLACKROCK INC., currently with $21.42 million in OTRK stock with ownership of nearly 1.826% of the company’s market capitalization.

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Positions in Ontrak Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 63 institutional holders increased their position in Ontrak Inc. [NASDAQ:OTRK] by around 1,867,822 shares. Additionally, 58 investors decreased positions by around 757,308 shares, while 17 investors held positions by with 3,262,508 shares. The mentioned changes placed institutional holdings at 5,887,638 shares, according to the latest SEC report filing. OTRK stock had 29 new institutional investments in for a total of 410,693 shares, while 21 institutional investors sold positions of 359,871 shares during the same period.

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