The stock of Ontrak Inc (OTRK) has gone down by -19.45% for the week, with a -39.49% drop in the past month and a 5.64% rise in the past quarter. The volatility ratio for the week is 10.48%, and the volatility levels for the past 30 days are 15.04% for OTRK. The simple moving average for the past 20 days is -29.52% for OTRK’s stock, with a -67.86% simple moving average for the past 200 days.
Is It Worth Investing in Ontrak Inc (NASDAQ: OTRK) Right Now?
The stock has a 36-month beta value of 2.67. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OTRK is 15.13M, and at present, short sellers hold a 4.98% of that float. On May 06, 2024, the average trading volume of OTRK was 7.27M shares.
OTRK) stock’s latest price update
Ontrak Inc (NASDAQ: OTRK)’s stock price has dropped by -9.92 in relation to previous closing price of 0.26. Nevertheless, the company has seen a loss of -19.45% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-16 that Ontrak, Inc. (NASDAQ:OTRK ) Q4 2023 Results Conference Call April 16, 2024 4:30 PM ET Company Participants Ryan Halsted – Investor Relations, Gilmartin Group Brandon LaVerne – Chief Executive Officer and Chief Operating Officer Mary Lou Osborne – President and Chief Commercial Officer James Park – Chief Financial Officer Conference Call Participants Jonathan Aschoff – Roth MKM Operator Thank you for standing by, and welcome to the Ontrak Inc. Fourth Quarter and Year End 2023 Earnings Conference Call. At this time, all participants are in listen-only mode.
Analysts’ Opinion of OTRK
Many brokerage firms have already submitted their reports for OTRK stocks, with ROTH MKM repeating the rating for OTRK by listing it as a “Buy.” The predicted price for OTRK in the upcoming period, according to ROTH MKM is $4 based on the research report published on December 05, 2023 of the previous year 2023.
Cowen, on the other hand, stated in their research note that they expect to see OTRK reach a price target of $9, previously predicting the price at $35. The rating they have provided for OTRK stocks is “Underperform” according to the report published on August 20th, 2021.
B. Riley Securities gave a rating of “Neutral” to OTRK, setting the target price at $15 in the report published on August 20th of the previous year.
OTRK Trading at -20.63% from the 50-Day Moving Average
After a stumble in the market that brought OTRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.22% of loss for the given period.
Volatility was left at 15.04%, however, over the last 30 days, the volatility rate increased by 10.48%, as shares sank -30.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.59% upper at present.
During the last 5 trading sessions, OTRK fell by -19.45%, which changed the moving average for the period of 200-days by -90.94% in comparison to the 20-day moving average, which settled at $0.3297. In addition, Ontrak Inc saw -41.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OTRK
Current profitability levels for the company are sitting at:
- -1.62 for the present operating margin
- 0.63 for the gross margin
The net margin for Ontrak Inc stands at -2.19. The total capital return value is set at -1.3. Equity return is now at value -279.93, with -122.45 for asset returns.
Based on Ontrak Inc (OTRK), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -10.18. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -2.87.
Currently, EBITDA for the company is -14.29 million with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 20.99for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.21.
Conclusion
To sum up, Ontrak Inc (OTRK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
