The stock price of Oncology Institute Inc (NASDAQ: TOI) has jumped by 13.40 compared to previous close of 0.49. Despite this, the company has seen a gain of 12.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-13 that The Oncology Institute, Inc. (NASDAQ:TOI ) Q2 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Mark Hueppelsheuser – General Counsel Dan Virnich – Chief Executive Officer Mihir Shah – Chief Financial Officer Conference Call Participants Jack Slevin – Jefferies Operator Good afternoon, and welcome to The Oncology Institute Second Quarter 2024 Earnings Conference Call. Today’s call is being recorded and we have allocated one hour for prepared remarks and Q&A.
Is It Worth Investing in Oncology Institute Inc (NASDAQ: TOI) Right Now?
TOI has 36-month beta value of 0.67. 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.”
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The public float for TOI is 31.50M, and currently, short sellers hold a 0.70% ratio of that float. The average trading volume of TOI on August 14, 2024 was 163.18K shares.
TOI’s Market Performance
TOI’s stock has seen a 12.47% increase for the week, with a 10.00% rise in the past month and a -36.72% fall in the past quarter. The volatility ratio for the week is 7.63%, and the volatility levels for the past 30 days are at 9.62% for Oncology Institute Inc The simple moving average for the past 20 days is 5.99% for TOI’s stock, with a -59.02% simple moving average for the past 200 days.
Analysts’ Opinion of TOI
Many brokerage firms have already submitted their reports for TOI stocks, with Jefferies repeating the rating for TOI by listing it as a “Buy.” The predicted price for TOI in the upcoming period, according to Jefferies is $2.50 based on the research report published on February 26, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see TOI reach a price target of $7. The rating they have provided for TOI stocks is “Buy” according to the report published on September 14th, 2022.
Jefferies gave a rating of “Buy” to TOI, setting the target price at $10 in the report published on August 15th of the previous year.
TOI Trading at 13.72% from the 50-Day Moving Average
After a stumble in the market that brought TOI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.28% of loss for the given period.
Volatility was left at 9.62%, however, over the last 30 days, the volatility rate increased by 7.63%, as shares surge +11.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.29% upper at present.
During the last 5 trading sessions, TOI rose by +12.47%, which changed the moving average for the period of 200-days by -67.07% in comparison to the 20-day moving average, which settled at $0.5218. In addition, Oncology Institute Inc saw -73.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TOI starting from Havencrest Healthcare Partners, who sale 8,637 shares at the price of $2.12 back on Jan 29 ’24. After this action, Havencrest Healthcare Partners now owns 0 shares of Oncology Institute Inc, valued at $18,310 using the latest closing price.
Havencrest Healthcare Partners, the 10% Owner of Oncology Institute Inc, sale 6,979 shares at $2.14 during a trade that took place back on Jan 26 ’24, which means that Havencrest Healthcare Partners is holding 8,637 shares at $14,935 based on the most recent closing price.
Stock Fundamentals for TOI
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.16 for the gross margin
The net margin for Oncology Institute Inc stands at -0.19. The total capital return value is set at -0.39. Equity return is now at value -85.43, with -27.18 for asset returns.
Based on Oncology Institute Inc (TOI), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.39. The debt to equity ratio resting at 2.3. The interest coverage ratio of the stock is -10.16.
Currently, EBITDA for the company is -54.16 million with net debt to EBITDA at -1.54. When we switch over and look at the enterprise to sales, we see a ratio of 0.36. The receivables turnover for the company is 5.8for trailing twelve months and the total asset turnover is 1.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.08.
Conclusion
To put it simply, Oncology Institute Inc (TOI) 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’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.
