In the past week, OZK stock has gone up by 4.72%, with a monthly gain of 13.14% and a quarterly surge of 15.47%. The volatility ratio for the week is 2.34%, and the volatility levels for the last 30 days are 2.71% for Bank OZK The simple moving average for the past 20 days is 4.96% for OZK’s stock, with a 14.59% simple moving average for the past 200 days.
Is It Worth Investing in Bank OZK (NASDAQ: OZK) Right Now?
Bank OZK (NASDAQ: OZK) has a higher price-to-earnings ratio of 8.21x compared to its average ratio, The 36-month beta value for OZK is at 1.17. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for OZK is 107.79M, and currently, shorts hold a 15.09% of that float. The average trading volume for OZK on November 28, 2024 was 1.23M shares.
OZK) stock’s latest price update
Bank OZK (NASDAQ: OZK)’s stock price has plunge by 0.08relation to previous closing price of 49.90. Nevertheless, the company has seen a 4.72% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-26 that Bank OZK’s preferred stock offers a 6.8% yield and is supported by a rock-solid business model and exemplary management, making it a low-risk investment. Despite a recent 12% correction due to inflation concerns, the stock has returned 29% in 1.5 years, showcasing its resilience. The Fed expects to reduce interest rates from 4.75%-5.0% to 2.75%-3.0% by 2026, providing a strong tailwind for Bank OZK’s preferred stock.
Analysts’ Opinion of OZK
Citigroup, on the other hand, stated in their research note that they expect to see OZK reach a price target of $37, previously predicting the price at $57. The rating they have provided for OZK stocks is “Sell” according to the report published on May 29th, 2024.
OZK Trading at 11.17% 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 -4.62% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +11.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.20% upper at present.
During the last 5 trading sessions, OZK rose by +4.72%, which changed the moving average for the period of 200-days by +20.05% in comparison to the 20-day moving average, which settled at $47.58. In addition, Bank OZK saw 0.22% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OZK
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 1.0 for the gross margin
The net margin for Bank OZK stands at 0.26. The total capital return value is set at 0.02. Equity return is now at value 13.52, with 2.02 for asset returns.
Based on Bank OZK (OZK), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.42. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 0.81.
Currently, EBITDA for the company is 904.4 million with net debt to EBITDA at -2.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 15.71for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.34.
Conclusion
In conclusion, Bank OZK (OZK) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
