Optimum Communications Inc [NYSE: OPTU] plunged by -$0.09 during the normal trading session on Thursday and reaching a high of $1.86 during the day while it closed the day at $1.7.
Optimum Communications Inc stock has also loss -6.08% of its value over the past 7 days. However, OPTU stock has declined by -28.87% in the 3 months of the year. Over the past six months meanwhile, it has lost -25.11% and lost -28.27% year-on date.
The market cap for OPTU stock reached $798.34 million, with 285.39 million shares outstanding and 235.05 million shares in the current float. Compared to the average trading volume of 3.67M shares, OPTU reached a trading volume of 4263969 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 Optimum Communications Inc [OPTU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPTU shares is $2.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPTU stock is a recommendation set at 3.27. 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.
OPTU stock trade performance evaluation
Optimum Communications Inc [OPTU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.08. With this latest performance, OPTU shares dropped by -23.42% in over the last four-week period, additionally sinking by -25.11% over the last 6 months – not to mention a drop of -29.46% 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 OPTU stock in for the last two-week period is set at 26.70, with the RSI for the last a single of trading hit 0.1299, and the three-weeks RSI is set at 0.1325 for Optimum Communications Inc [OPTU]. The present Moving Average for the last 50 days of trading for this stock 2.2838, while it was recorded at 1.7660 for the last single week of trading, and 2.4192 for the last 200 days.
Optimum Communications Inc [OPTU]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Optimum Communications Inc [OPTU] shares currently have an operating margin of 17.30% and a Gross Margin at 48.98%. Optimum Communications Inc’s Net Margin is presently recorded at -21.43%.
Optimum Communications Inc (OPTU) Capital Structure & Debt Analysis
Optimum Communications Inc (OPTU) Efficiency & Liquidity Metrics
Optimum Communications Inc (OPTU) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Optimum Communications Inc. (OPTU) effectively leverages its workforce, generating an average of -$169724.77 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.77% and a Quick Ratio of 0.77%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Optimum Communications Inc [OPTU] stock
With the latest financial reports released by the company, Optimum Communications Inc posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.14. 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 OPTU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Optimum Communications Inc go to -14.99%.
Optimum Communications Inc [OPTU]: Institutional Ownership
There are presently around $106.88%, or 115.19%% of OPTU stock, in the hands of institutional investors.
