Ontrak Inc (OTRK) Testing Investors’ Patience Right Now

Currently, there are 27.56M common shares owned by the public and among those 5.65M shares have been available to trade.

The company’s stock has a 5-day price change of 123.16% and -2.60% over the past three months. OTRK shares are trading -2.22% year to date (YTD), with the 12-month market performance down to -86.10% lower. It has a 12-month low price of $0.14 and touched a high of $4.08 over the same period. OTRK has an average intraday trading volume of 4.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 99.96%, 85.38%, and -64.83% respectively.

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Institutional ownership of Ontrak Inc (NASDAQ: OTRK) shares accounts for 12.98% of the company’s 27.56M shares outstanding.

It has a market capitalization of $10.81M and a beta (3y monthly) value of 2.26. The earnings-per-share (ttm) stands at -$8.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 43.94% over the week and 22.48% over the month.

Analysts forecast that Ontrak Inc (OTRK) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$3.8 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$4.44 a year ago. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -21.33% over the past 5-year period.

Looking at the support for the OTRK, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on December 05, 2023, with the firm’s price target at $4. Cowen coverage for the Ontrak Inc (OTRK) stock in a research note released on August 20, 2021 offered a Underperform rating with a price target of $9. Cowen on their part issued Market Perform rating on March 02, 2021.

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