Option Care Health Inc (OPCH) Outlook Starting To Look Brighter?

Option Care Health Inc (OPCH) concluded trading on Thursday at a closing price of $22.19, with 3.36 million shares of worth about $74.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.64% during that period and on November 14, 2024 the price saw a gain of about 0.05%. Currently the company’s common shares owned by public are about 174.58M shares, out of which, 168.28M shares are available for trading.

Stock saw a price change of -3.23% in past 5 days and over the past one month there was a price change of -28.21%. Year-to-date (YTD), OPCH shares are showing a performance of -34.13% which decreased to -24.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.11 but also hit the highest price of $34.62 during that period. The average intraday trading volume for Option Care Health Inc shares is 1.74 million. The stock is currently trading -14.14% below its 20-day simple moving average (SMA20), while that difference is down -23.01% for SMA50 and it goes to -26.55% lower than SMA200.

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Option Care Health Inc (NASDAQ: OPCH) currently have 174.58M outstanding shares and institutions hold larger chunk of about 104.19% of that.

The stock has a current market capitalization of $3.78B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 18.58, while it has posted earnings per share of $1.19 in the same period. Its PEG reads 1.49 and has Quick Ratio of 1.32 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OPCH, volatility over the week remained 2.84% while standing at 3.50% over the month.

Stock’s fiscal year EPS is expected to drop by -14.24% while it is estimated to increase by 3.91% 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 Goldman on November 04, 2024 offering a Neutral rating for the stock and assigned a target price of $27 to it. Coverage by Jefferies stated Option Care Health Inc (OPCH) stock as a Hold in their note to investors on October 31, 2024, suggesting a price target of $26 for the stock. On October 30, 2024, BofA Securities Downgrade their recommendations, while on July 16, 2024, JMP Securities Initiated their ratings for the stock with a price target of $36. Stock get a Buy rating from Jefferies on February 27, 2023.

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