Ontrak Inc [NASDAQ: OTRK] jumped around 0.94 points on Tuesday, while shares priced at $2.76 at the close of the session, up 51.65%.
Compared to the average trading volume of 69.95K shares, OTRK reached a trading volume of 98113917 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $45.00 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 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.
ROTH MKM have made an estimate for Ontrak Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 05, 2023. While these analysts kept the previous recommendation, Cowen raised their target price from $35 to $9. The new note on the price target was released on August 20, 2021, representing the official price target for Ontrak Inc stock. Previously, the target price had yet another raise to $15, while B. Riley Securities analysts kept a Neutral rating on OTRK stock.
The Average True Range (ATR) for Ontrak Inc is set at 0.58, with the Price to Sales ratio for OTRK stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 2.28.
How has OTRK stock performed recently?
Ontrak Inc [OTRK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.21. With this latest performance, OTRK shares dropped by -12.34% in over the last four-week period, additionally sinking by -49.59% over the last 6 months – not to mention a drop of -73.71% 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 50.34, with the RSI for the last a single of trading hit 55.42, and the three-weeks RSI is set at 48.03 for Ontrak Inc [OTRK]. The present Moving Average for the last 50 days of trading for this stock 3.1100, while it was recorded at 2.1700 for the last single week of trading, and 3.8000 for the last 200 days.
Ontrak Inc [OTRK]: Deeper insight into the fundamentals
Ontrak Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.59 and a Current Ratio set at 3.59.
Earnings analysis for Ontrak Inc [OTRK]
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%.
Insider trade positions for Ontrak Inc [OTRK]
There are presently around $8.47%, or -1.05%% of OTRK stock, in the hands of institutional investors.
