Taking a Closer Look At OPKO Health Inc. (OPK) Following Its Recent Trade


In a filing, OPKO Health Inc. revealed its CEO & Chairman FROST PHILLIP MD ET AL acquired Company’s shares for reported $0.18 million on Aug 17. In the deal valued at $1.76 per share,100,000 shares were bought. As a result of this transaction, FROST PHILLIP MD ET AL now holds 200,956,694 shares worth roughly $ 363.73 million.

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Then, FROST PHILLIP MD ET AL bought 75,000 shares, generating $131,260 in total proceeds. Upon buying the shares at $1.75, the CEO & Chairman now owns 200,856,694 shares.

Before that, FROST PHILLIP MD ET AL bought 100,000 shares. OPKO Health Inc. shares valued at $181,752 were divested by the CEO & Chairman at a price of $1.82 per share. As a result of the transaction, FROST PHILLIP MD ET AL now holds 200,781,694 shares, worth roughly $363.41 million.

Barrington Research upgraded its OPKO Health Inc. [OPK] rating to an Outperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of 9.5 to its Friday closing price.

Price Performance Review of OPK

On Friday, OPKO Health Inc. [NASDAQ:OPK] saw its stock fall -1.09% to $1.81. On the same session, the stock had its day’s lowest price of $1.80, but rose to a high of $1.8798. Over the last five days, the stock has gained 4.62%. OPKO Health Inc. shares have risen nearly 44.80% since the year began. Nevertheless, the stocks have fallen -16.97% over the past one year. While a 52-week high of $2.27 was reached on 07/05/23, a 52-week low of $1.00 was recorded on 02/24/23. SMA at 50 days reached $1.8847, while 200 days put it at $1.5197. A total of 1.38 million shares were traded, compared to the trading of 2.39 million shares in the previous session.

Levels Of Support And Resistance For OPK Stock

The 24-hour chart illustrates a support level at 1.7801, which if violated will result in even more drops to 1.7501. On the upside, there is a resistance level at 1.8599. A further resistance level may holdings at 1.9097. The Relative Strength Index (RSI) on the 14-day chart is 50.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0640, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 58.33% indicates the stock is a holding.

How much short interest is there in OPKO Health Inc.?

A steep rise in short interest was recorded in OPKO Health Inc. stocks on Aug 14, 2023, dropping by -2.89 million shares to a total of 33.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 36.51 million shares. There was a decline of -8.6%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.03.

According to FactSet, OPKO Health Inc.’s share price will average $4.48 in the next year, based on opinions of analysts polled by the firm. This is up nearly 118.58 percent from its previous closing price of $1.83. Analysts expect OPKO Health Inc. stock to reach the higher price of $8.50, while the lowest price estimate is $2.00. However, 6 analysts have rated OPK stock as a Buy in their predictions for 2023.


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