Outlook Therapeutics Inc (OTLK) concluded trading on Wednesday at a closing price of $0.32, with 3.49 million shares of worth about $1.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.55% during that period and on March 13, 2024 the price saw a loss of about -7.58%. Currently the company’s common shares owned by public are about 260.26M shares, out of which, 147.51M shares are available for trading.
Stock saw a price change of -20.22% in past 5 days and over the past one month there was a price change of -26.11%. Year-to-date (YTD), OTLK shares are showing a performance of -17.99% which decreased to -68.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.20 but also hit the highest price of $2.03 during that period. The average intraday trading volume for Outlook Therapeutics Inc shares is 2.05 million. The stock is currently trading -23.24% below its 20-day simple moving average (SMA20), while that difference is down -20.12% for SMA50 and it goes to -59.08% lower than SMA200.
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Outlook Therapeutics Inc (NASDAQ: OTLK) currently have 260.26M outstanding shares and institutions hold larger chunk of about 11.47% of that.
The stock has a current market capitalization of $84.09M and its 3Y-monthly beta is at -0.00. It has posted earnings per share of -$0.20 in the same period. It has Quick Ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OTLK, volatility over the week remained 10.55% while standing at 9.40% over the month.
Analysts are in expectations that Outlook Therapeutics Inc (OTLK) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.40% while it is estimated to increase by 22.46% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Chardan Capital Markets on February 15, 2024 offering a Buy rating for the stock and assigned a target price of $3 to it. On December 27, 2023, CapitalOne Upgrade their recommendations, while on August 31, 2023, H.C. Wainwright Downgrade their ratings for the stock with a price target of $1. Stock get a Neutral rating from Chardan Capital Markets on August 31, 2023.
