OptiNose Inc [NASDAQ: OPTN] stock went on a downward path that fall over -2.19% on Thursday, amounting to a one-week price decrease of less than -2.45%.
Over the last 12 months, OPTN stock dropped by -48.87%. The one-year OptiNose Inc stock forecast points to a potential upside of 76.0. The average equity rating for OPTN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $101.95 million, with 112.40 million shares outstanding and 80.41 million shares in the current float. Compared to the average trading volume of 621.06K shares, OPTN stock reached a trading volume of 23321760 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on OptiNose Inc [OPTN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPTN shares is $3.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPTN stock is a recommendation set at 1.00. 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.
H.C. Wainwright have made an estimate for OptiNose Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 11, 2024. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on August 21, 2023, representing the official price target for OptiNose Inc stock. Previously, the target price had yet another raise to $5, while Jefferies analysts kept a Buy rating on OPTN stock.
The Average True Range (ATR) for OptiNose Inc is set at 0.13, with the Price to Sales ratio for OPTN stock in the period of the last 12 months amounting to 1.44.
OPTN Stock Performance Analysis:
OptiNose Inc [OPTN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.45. With this latest performance, OPTN shares dropped by -38.85% in over the last four-week period, additionally sinking by -16.20% over the last 6 months – not to mention a drop of -48.87% 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 OPTN stock in for the last two-week period is set at 26.33, with the RSI for the last a single of trading hit 24.50, and the three-weeks RSI is set at 30.02 for OptiNose Inc [OPTN]. The present Moving Average for the last 50 days of trading for this stock 1.4686, while it was recorded at 0.9444 for the last single week of trading, and 1.2891 for the last 200 days.
Insight into OptiNose Inc Fundamentals:
OptiNose Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.55 and a Current Ratio set at 0.60.
OptiNose Inc [OPTN] Institutonal Ownership Details
The top three institutional holders of OPTN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OPTN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OPTN stock with ownership which is approximately 5.8386%.
