Opthea Limited ADR (NASDAQ: OPT)’s stock price has soared by 15.51 in relation to previous closing price of 3.29. Nevertheless, the company has seen a gain of 14.46% in its stock price over the last five trading days. InvestorPlace reported 2024-04-03 that As investors, we all aim to outperform the market. But beating the S&P 500 is a difficult task for most of us.
Is It Worth Investing in Opthea Limited ADR (NASDAQ: OPT) Right Now?
Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OPT is 82.85M, and currently, short sellers hold a 0.15% ratio of that float. The average trading volume of OPT on May 10, 2024 was 18.63K shares.
OPT’s Market Performance
OPT stock saw a decrease of 14.46% in the past week, with a monthly decline of -2.81% and a quarterly a decrease of 31.03%. The volatility ratio for the week is 9.02%, and the volatility levels for the last 30 days are 5.64% for Opthea Limited ADR (OPT). The simple moving average for the past 20 days is 10.46% for OPT’s stock, with a 38.36% simple moving average for the past 200 days.
Analysts’ Opinion of OPT
Many brokerage firms have already submitted their reports for OPT stocks, with H.C. Wainwright repeating the rating for OPT by listing it as a “Buy.” The predicted price for OPT in the upcoming period, according to H.C. Wainwright is $14 based on the research report published on December 08, 2022 of the previous year 2022.
SVB Leerink, on the other hand, stated in their research note that they expect to see OPT reach a price target of $25. The rating they have provided for OPT stocks is “Outperform” according to the report published on April 26th, 2022.
Citigroup gave a rating of “Buy” to OPT, setting the target price at $48 in the report published on November 17th of the previous year.
OPT Trading at 6.77% from the 50-Day Moving Average
After a stumble in the market that brought OPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.64% of loss for the given period.
Volatility was left at 5.64%, however, over the last 30 days, the volatility rate increased by 9.02%, as shares sank -2.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.26% upper at present.
During the last 5 trading sessions, OPT rose by +14.46%, which changed the moving average for the period of 200-days by +17.83% in comparison to the 20-day moving average, which settled at $3.44. In addition, Opthea Limited ADR saw 28.81% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OPT
Current profitability levels for the company are sitting at:
- -1412.09 for the present operating margin
- -0.53 for the gross margin
The net margin for Opthea Limited ADR stands at -1381.74. The total capital return value is set at -1.24. Equity return is now at value -3388.40, with -101.00 for asset returns.
Based on Opthea Limited ADR (OPT), the company’s capital structure generated 1.35 points at debt to capital in total, while cash flow to debt ratio is standing at -0.67. The debt to equity ratio resting at -3.86. The interest coverage ratio of the stock is -8.07.
Currently, EBITDA for the company is -146.7 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 3031.66. The receivables turnover for the company is 0.02for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.10.
Conclusion
To put it simply, Opthea Limited ADR (OPT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
