Wall Street Analyst Downgrade OPKO Health Inc. [OPK]. What else is Wall St. saying

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OPKO Health Inc. [NASDAQ: OPK] stock went on a downward path that fall over -8.67% on Thursday, amounting to a one-week price decrease of less than -2.84%. The company report on May 5, 2022 that OPKO Health to Report First Quarter 2022 Financial Results on May 9, 2022.

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OPKO Health, Inc. (NASDAQ: OPK) plans to report operating and financial results for the three months ended March 31, 2022 after the close of the U.S. financial markets on Monday, May 9, 2022. OPKO’s senior management will provide a business update and discuss results as well as financial guidance during a conference call and live audio webcast on May 9th beginning at 4:30 p.m. Eastern time.

Over the last 12 months, OPK stock dropped by -31.50%. The one-year OPKO Health Inc. stock forecast points to a potential upside of 60.17. The average equity rating for OPK stock is currently 1.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.95 billion, with 652.18 million shares outstanding and 409.90 million shares in the current float. Compared to the average trading volume of 3.99M shares, OPK stock reached a trading volume of 5335664 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on OPKO Health Inc. [OPK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPK shares is $6.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPK stock is a recommendation set at 1.40. 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.

Barrington Research have made an estimate for OPKO Health Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 24, 2022. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on June 21, 2021, representing the official price target for OPKO Health Inc. stock. Previously, the target price had yet another raise to $2.50, while Piper Jaffray analysts kept a Overweight rating on OPK stock.

The Average True Range (ATR) for OPKO Health Inc. is set at 0.17, with the Price to Sales ratio for OPK stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 0.19. Price to Free Cash Flow for OPK in the course of the last twelve months was 319.70 with Quick ratio for the last quarter at 2.20.

OPK Stock Performance Analysis:

OPKO Health Inc. [OPK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.84. With this latest performance, OPK shares dropped by -21.49% in over the last four-week period, additionally sinking by -38.15% over the last 6 months – not to mention a drop of -31.50% 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 OPK stock in for the last two-week period is set at 37.74, with the RSI for the last a single of trading hit 36.35, and the three-weeks RSI is set at 39.55 for OPKO Health Inc. [OPK]. The present Moving Average for the last 50 days of trading for this stock 3.25, while it was recorded at 2.83 for the last single week of trading, and 3.69 for the last 200 days.

Insight into OPKO Health Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and OPKO Health Inc. [OPK] shares currently have an operating margin of -0.81 and a Gross Margin at +30.30. OPKO Health Inc.’s Net Margin is presently recorded at -1.70.

Return on Equity for this stock declined to -1.80, with Return on Assets sitting at -1.24.

OPKO Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.50.

OPK Stock EPS

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 OPK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for OPKO Health Inc. go to 12.00%.

OPKO Health Inc. [OPK] Insider Position Details

There are presently around $569 million, or 29.20% of OPK stock, in the hands of institutional investors. The top three institutional holders of OPK stocks are: VANGUARD GROUP INC with ownership of 35,725,424, which is approximately 0.732% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 34,390,912 shares of the stock with an approximate value of $103.17 million in OPK stocks shares; and STATE STREET CORP, currently with $53.02 million in OPK stock with ownership of nearly -24.385% of the company’s market capitalization.

Positions in OPKO Health Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 101 institutional holders increased their position in OPKO Health Inc. [NASDAQ:OPK] by around 22,337,417 shares. Additionally, 94 investors decreased positions by around 17,613,244 shares, while 63 investors held positions by with 149,771,822 shares. The mentioned changes placed institutional holdings at 189,722,483 shares, according to the latest SEC report filing. OPK stock had 44 new institutional investments in for a total of 11,195,014 shares, while 29 institutional investors sold positions of 1,991,635 shares during the same period.