Canaccord Genuity raised the price target for the Ontrak Inc. (NASDAQ:OTRK) stock from “a Hold” to “a Buy”. The rating was released on March 16, 2021. We previously noted in another research note published on March 02, 2021 by Cowen that downgraded the stock from an Outperform to a Market perform with a price target of $35 for OTRK stock. The research report from Canaccord Genuity has downgraded the stock from Buy to Hold, with a price target set at $30. The stock was downgraded by RBC Capital Mkts, who disclosed in a research note on March 01, 2021, from Outperform to Sector Perform and set the price objective to $32. In their research brief published November 18, 2020, B. Riley Securities analysts initiated the Ontrak Inc. stock to Buy with a price target of $100.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Ontrak Inc. (NASDAQ:OTRK) dipped -44.51% to close Thursday’s market session at $11.68, lower as compared to yesterday’s close. The stock price fluctuated between $11.51 and $15.46 throughout the trading session with the volume trading being 4476010 shares, which represented a significant variation when compared to the three months average volume of 297.39K shares. The firm’s stock price fluctuated -56.98% within the last five trades and -59.40% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -84.08% in the last 6 months and -63.73% was subtracted to its value over the previous 3 months. OTRK stock is trading at a margin of -55.04%, -60.50% and -74.04% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, OTRK deals in the Healthcare domain. The stock is trading -88.31 percent below its 52-week high and -43.14 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -60.62. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ontrak Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -8.60 percent and the profit margin is -22.70 percent, and the company has reported a gross margin of 56.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $246.45 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.27 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.59, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 56.39 percent of Ontrak Inc. shares are owned by insiders, and 31.00 percent are held by financial institutions. PEIZER TERREN S, the Executive Chairman at Ontrak Inc. (OTRK) has sold 15,000 shares of firm on Aug 18 at a price of $21.33 against the total amount of $0.32 million. In another inside trade, PEIZER TERREN S, Executive Chairman of Ontrak Inc. (NASDAQ:OTRK) sold 15,000 shares of the firm on Aug 17 for a total worth of $0.32 million at a price of $21.38. An inside trade which took place on Aug 16, Executive Chairman of Ontrak Inc. PEIZER TERREN S sold 15,000 shares of firm against total price of $0.35 million at the cost of $23.21 per share.