As a provider of telehealth services dealing specifically with those with untreated behavioral issues, this makes sense. The pandemic has been difficult for everyone but particularly for those with behavioral disorders. Treating these patients in a virtual setting has turned out to be a very high-growth space investors have wanted to be in. 0 Wall Street analysts have issued 1 year target prices for Ontrak’s stock. Their OTRK share price forecasts range from $3.00 to $3.00.
- Indeed, the 38% downside move in OTRK stock is certainly one of the largest moves today among small cap stocks.
- This suggests a possible upside of 566.7% from the stock’s current price.
- Treating these patients in a virtual setting has turned out to be a very high-growth space investors have wanted to be in.
- Ontrak’s stock was trading at $0.3676 at the beginning of the year.
Ontrak, Inc. engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. The company was founded by Terren S. Peizer in February 2003 and is headquartered in Henderson, NV. Indeed, the 38% downside move in OTRK stock is certainly one of the largest moves today among small cap stocks. This AI-powered virtualized outpatient healthcare treatment company has seen a surge in investor interest throughout the pandemic.
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On average, they expect the company’s share price to reach $3.00 in the next twelve months. This suggests a possible upside of 566.7% from the stock’s current price. View analysts price targets for OTRK or view top-rated stocks among Wall Street analysts. I still hope…holding my shares at 33ish at 60% loss currently patiently waiting, stock is also on top lists of most shorted stocks.
Ontrak Full Year 2022 Earnings: US$2.60 loss per share (vs US$2.47 loss in FY 2021) – Simply Wall St
Ontrak Full Year 2022 Earnings: US$2.60 loss per share (vs US$2.47 loss in FY .
Posted: Fri, 17 Mar 2023 07:00:00 GMT [source]
The telehealth and chronic disease specialist soared after a strong earnings report. Ontrak did note in its filing that the company doesn’t believe this will materially change its outreach pool. However, investors appear to be reading between the lines today and don’t like what they see. Upgrade to MarketBeat All Access to add more stocks to your watchlist. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
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- However, investors appear to be reading between the lines today and don’t like what they see.
- Ontrak’s stock is owned by many different retail and institutional investors.
Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Analysts weighed in after the telehealth company lost its biggest customer.
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Any sort of significant insider selling activity like this is likely to induce an investor response. Accordingly, today it appears a confluence of factors are at play driving OTRK stock lower. One share of OTRK stock can currently be purchased for approximately $0.45. Ontrak’s stock was trading at $0.3676 at the beginning of the year. Since then, OTRK stock has increased by 22.4% and is now trading at $0.45.
Still have hope in the company for good news and solid direction. Ontrak updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $12.00 million-$14.00 million, compared to the consensus revenue estimate of $14.51 million.
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Last month’s pullback was a drop in the bucket for shares of this hot virtual healthcare specialist, which are up 359% in 2020. Yesterday, Ontrak announced via a Securities and Exchange Commission (SEC) filing that the company had lost a major contract. This contract was worth approximately $90 million, https://business-oppurtunities.com/7-quick-tips-for-a-more-profitable-internet-business/ of which they have billed $42 million to date. Given the company’s market capitalization of around $240 million, this is a big loss for this small cap virtual healthcare player. According to analysts, Ontrak’s stock has a predicted upside of 72.69% based on their 12-month price targets.
It appears today’s significant move is a continuation of some pretty bearish momentum. Ontrak’s stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (0.41%), Two Sigma Investments LP (0.18%), Simplex Trading LLC (0.00%), Group One Trading L.P. Insiders that own company stock include Arik Hill, David M Tullio, Frank Clyburn and Terren S Peizer. Additionally, via another filing, it was reported that Ontrak’s executive chairman has sold a significant chunk of stock.
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