Orasure Technologies Inc. (NASDAQ: OSUR) on Tuesday, soared 0.17% from the previous trading day ,before settling in for the closing price of $5.92. Within the past 52 weeks, OSUR’s price has moved between $4.38 and $8.45.
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A company in the Healthcare sector has jumped its sales by 20.54% annually for the last half of the decade. With a float of $70.39 million, this company’s outstanding shares have now reached $73.53 million.
In an organization with 638 employees, it is important to assess its efficiency.
Orasure Technologies Inc. (OSUR) Insider Updates
Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of Orasure Technologies Inc. is 4.61%, while institutional ownership is 93.89%. The most recent insider transaction that took place on Dec 19 ’23, was worth 194,219. In this transaction Chief Product Officer of this company sold 24,129 shares at a rate of $8.05, taking the stock ownership to the 254,700 shares. Before that another transaction happened on Aug 15 ’23, when Company’s SVP Finance & CAO sold 1,758 for $6.50, making the entire transaction worth $11,427. This insider now owns 86,188 shares in total.
Orasure Technologies Inc. (OSUR) Performance Highlights and Predictions
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.27 earnings per share (EPS) for the period topping the consensus outlook (set at $0.08) by $0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 17.20% growth over the previous five years of trading.
Orasure Technologies Inc. (NASDAQ: OSUR) Trading Performance Indicators
Orasure Technologies Inc. (OSUR) is currently performing well based on its current performance indicators. A quick ratio of 8.57 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 3.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.72, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of Orasure Technologies Inc. (OSUR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.84 million. That was inferior than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.21%. Additionally, its Average True Range was 0.26.
During the past 100 days, Orasure Technologies Inc.’s (OSUR) raw stochastic average was set at 5.97%, which indicates a significant decrease from 17.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.31% in the past 14 days, which was lower than the 40.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.84, while its 200-day Moving Average is $6.41. However, in the short run, Orasure Technologies Inc.’s stock first resistance to watch stands at $6.03. Second resistance stands at $6.14. The third major resistance level sits at $6.23. If the price goes on to break the first support level at $5.84, it is likely to go to the next support level at $5.75. Assuming the price breaks the second support level, the third support level stands at $5.64.
Orasure Technologies Inc. (NASDAQ: OSUR) Key Stats
Market capitalization of the company is 437.63 million based on 76,510K outstanding shares. Right now, sales total 405,470 K and income totals 53,660 K. The company made 75,880 K in profit during its latest quarter, and 20,070 K in sales during its previous quarter.
