Bank OZK (NASDAQ: OZK)’s stock price has decreased by -5.52 compared to its previous closing price of 45.64. However, the company has seen a -2.55% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Bank OZK (OZK) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Bank OZK (NASDAQ: OZK) Right Now?
The price-to-earnings ratio for Bank OZK (NASDAQ: OZK) is above average at 7.34x. The 36-month beta value for OZK is also noteworthy at 1.24. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OZK is 107.89M, and at present, short sellers hold a 11.37% of that float. The average trading volume of OZK on April 11, 2024 was 1.21M shares.
OZK’s Market Performance
OZK’s stock has seen a -2.55% decrease for the week, with a -0.69% drop in the past month and a -11.22% fall in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.36% for Bank OZK The simple moving average for the last 20 days is -1.88% for OZK stock, with a simple moving average of 2.35% for the last 200 days.
Analysts’ Opinion of OZK
Raymond James, on the other hand, stated in their research note that they expect to see OZK reach a price target of $58. The rating they have provided for OZK stocks is “Outperform” according to the report published on January 05th, 2024.
Wells Fargo gave a rating of “Underweight” to OZK, setting the target price at $41 in the report published on January 05th of the current year.
OZK Trading at -1.00% from the 50-Day Moving Average
After a stumble in the market that brought OZK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.65% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +0.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.09% lower at present.
During the last 5 trading sessions, OZK fell by -2.55%, which changed the moving average for the period of 200-days by +14.74% in comparison to the 20-day moving average, which settled at $43.96. In addition, Bank OZK saw -13.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OZK
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Bank OZK stands at 0.39. The total capital return value is set at 0.03. Equity return is now at value 14.06, with 2.23 for asset returns.
Based on Bank OZK (OZK), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 1.38.
Currently, EBITDA for the company is 56000.0 with net debt to EBITDA at -1.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.28. The receivables turnover for the company is 10.52for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
In summary, Bank OZK (OZK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
