Better Times Ahead For Orasure Technologies Inc (NASDAQ: OSUR)?

Orasure Technologies Inc (OSUR) concluded trading on Wednesday at a closing price of $3.06, with 4.87 million shares of worth about $14.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.08% during that period and on Wednesday the price saw a loss of about -23.50%. Currently the company’s common shares owned by public are about 74.59M shares, out of which, 72.22M shares are available for trading.

Stock saw a price change of -22.34% in past 5 days and over the past one month there was a price change of -25.55%. Year-to-date (YTD), OSUR shares are showing a performance of -15.24% which decreased to -56.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.52 but also hit the highest price of $8.04 during that period. The average intraday trading volume for Orasure Technologies Inc shares is 876.37K. The stock is currently trading -20.95% below its 20-day simple moving average (SMA20), while that difference is down -19.74% for SMA50 and it goes to -26.79% lower than SMA200.

Orasure Technologies Inc (NASDAQ: OSUR) currently have 74.59M outstanding shares and institutions hold larger chunk of about 90.25% of that.

The stock has a current market capitalization of $228.26M and its 3Y-monthly beta is at -0.05. It has posted earnings per share of -$0.26 in the same period. It has Quick Ratio of 11.20 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OSUR, volatility over the week remained 8.37% while standing at 4.44% over the month.

Stock’s fiscal year EPS is expected to drop by -128.20% while it is estimated to increase by 40.45% 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 Evercore ISI on January 03, 2023 offering an In-line rating for the stock and assigned a target price of $5 to it. On August 21, 2020, Evercore ISI Initiated their recommendations, while on August 10, 2020, JP Morgan Initiated their ratings for the stock with a price target of $18. Stock get a Buy rating from Citigroup on August 10, 2020.

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