Forbes Financial Planning, Inc. recently announced the acquisition of new stake in ProSomnus Inc (NASDAQ:OSA). This fresh investment now brings its stake to 2.84% valued currently at $0.34 million. In addition, Periscope Capital, Inc. raised its holdings by 0.21 million to 0.24 million shares. And The Vanguard Group, Inc. has lifted its position by 249.12% or 54162.0 shares – to 75903.0 shares.
Currently, there are 16.04M common shares owned by the public and among those 8.22M shares have been available to trade.
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Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 548,750 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 82,025 shares.
The top 3 mutual fund holders in ProSomnus Inc are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and iShares Tr. – Micro Cap ETF. Vanguard Extended Market Index Fu owns 75903.0 shares of the company’s stock, all valued at over $54650.0. iShares Tr. – Micro Cap ETF now owns shares totaling to 0.10% of the shares outstanding.
However, the script later moved the day high at 1.3600, up 57.65%. The company’s stock has a 5-day price change of 65.09% and 2.12% over the past three months. OSA shares are trading -82.18% year to date (YTD), with the 12-month market performance down to -89.07% lower. It has a 12-month low price of $0.35 and touched a high of $7.00 over the same period. OSA has an average intraday trading volume of 117.76K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 45.66%, 48.66%, and -63.03% respectively.
Institutional ownership of ProSomnus Inc (NASDAQ: OSA) shares accounts for 12.95% of the company’s 16.04M shares outstanding. Mutual fund holders own 12.05%, while other institutional holders and individual stakeholders account for 8.40% and 0.90% respectively.
It has a market capitalization of $16.25M and a beta (3y monthly) value of 0.08. The earnings-per-share (ttm) stands at -$1.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 20.73% over the week and 22.56% over the month.
Analysts forecast that ProSomnus Inc (OSA) will achieve an EPS of -$0.32 for the current quarter, -$0.25 for the next quarter and -$0.85 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.33 while analysts give the company a high EPS estimate of -$0.31. Earnings per share for the fiscal year are expected to decrease by -39.44%, and 42.42% over the next financial year.
