In the last trading session, 2.37 million shares of the Option Care Health Inc. (NASDAQ:OPCH) were traded, and its beta was 1.11. Most recently the company’s share price was $22.26, and it changed around $1.44 or 6.92% from the last close, which brings the market valuation of the company to $3.67B. OPCH currently trades at a discount to its 52-week high of $21.38, offering almost 3.95% off that amount. The share price’s 52-week low was $10.52, which indicates that the current value has risen by an impressive 52.74% since then. We note from Option Care Health Inc.’s average daily trading volume that its 10-day average is 1.35 million shares, with the 3-month average coming to 1.09 million.
Option Care Health Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.70. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended OPCH as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Option Care Health Inc. is expected to report earnings per share of $0.09 for the current quarter.
Instantly OPCH has showed a green trend with a performance of 6.92% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.04 on Tuesday, 06/08/21 decreased the stock’s daily price by -1.0%. The company’s shares are currently up 33.12% year-to-date, but still up 12.18% over the last five days. On the other hand, Option Care Health Inc. (NASDAQ:OPCH) is 18.43% up in the 30-day period. We can see from the shorts that 2.53 million shares have been sold at a short interest cover period of 3.43 day(s).
The consensus price target as assigned by Wall Street analysts is $23.06, which translates to bulls needing to increase their stock price by 3.47% from its current value. Analyst projections state that OPCH is forecast to be at a low of $20.00 and a high of $25.00. In order for the stock price to hit the forecast high, the stock would need to plunge -12.31% from its current level, while the stock would need to crash 10.15% from its current level to reach the projected low.
Option Care Health Inc. (OPCH) estimates and forecasts
Option Care Health Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 29.48 percent over the past six months and at a 1,000.00% annual growth rate that is well above the industry average of -5.60%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 325.00% in revenue this quarter, and will report an increase of 1,300.00% in the next quarter. The year-over-year growth rate is expected to be 6.50%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $784.19 million in revenue for the current quarter. 9 analysts expect Option Care Health Inc. to make $826.46 million in revenue for the quarter ending Sep 2021. The company’s sales for the same quarters a year ago were $740.85 million and $720.49 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.90%. Forecasts for the next quarter put sales growth at 14.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 70.00%. Option Care Health Inc. earnings are expected to increase by 90.80% in 2021, but the outlook is positive 10.00% per year for the next five years.
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Option Care Health Inc.’s next quarterly earnings report is expected to be released in July.
Option Care Health Inc. (NASDAQ:OPCH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.12% of Option Care Health Inc. shares, and 97.14% of them are in the hands of institutional investors. The stock currently has a share float of 97.25%. Option Care Health Inc. stock is held by 215 institutions, with FMR, LLC being the largest institutional investor. By Mar 30, 2021, it held 5.63% of the shares, which is about 10.12 million shares worth $179.53 million.
Vanguard Group, Inc. (The), with 4.62% or 8.3 million shares worth $147.27 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 2.55 million shares worth $45.16 million, making up 1.42% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 2.23 million shares worth around $39.49 million, which represents about 1.24% of the total shares outstanding.