OptiNose Inc [NASDAQ: OPTN] closed the trading session at $0.51.
The stocks have a year to date performance of -60.68 percent and weekly performance of -28.56 percent. The stock has been moved at -57.20 percent over the last six months. The stock has performed -27.90 percent around the most recent 30 days and changed -44.88 percent over the most recent 3-months.
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If compared to the average trading volume of 354.79K shares, OPTN reached to a volume of 5392706 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 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 $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on 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 0.06, with the Price to Sales ratio for OPTN stock in the period of the last 12 months amounting to 1.01.
OPTN stock trade performance evaluation
OptiNose Inc [OPTN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.56. With this latest performance, OPTN shares dropped by -27.90% in over the last four-week period, additionally sinking by -57.20% over the last 6 months – not to mention a drop of -58.43% 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 27.96, with the RSI for the last a single of trading hit 23.15, and the three-weeks RSI is set at 31.10 for OptiNose Inc [OPTN]. The present Moving Average for the last 50 days of trading for this stock 0.7553, while it was recorded at 0.6851 for the last single week of trading, and 1.0971 for the last 200 days.
OptiNose Inc [OPTN]: An insightful look at the core fundamentals
OptiNose Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.72 and a Current Ratio set at 0.79.
OptiNose Inc [OPTN]: Institutional Ownership
There are presently around $78.30%, or 83.29%% of OPTN stock, in the hands of institutional investors. The top three institutional holders of OPTN stocks are: FMR LLC with ownership of 16.02 million shares, which is approximately 14.2309%. MVM PARTNERS, LLC, holding 14.61 million shares of the stock with an approximate value of $$15.04 million in OPTN stocks shares; and MVM PARTNERS, LLC, currently with $$14.28 million in OPTN stock with ownership which is approximately 12.1916%.
