OraSure Technologies Inc. News: Why OSUR Stock Is Zooming Higher Today

OraSure Technologies Inc. [OSUR] has traded in a range of $5.23 to $19.75 in the last 1 year. As of this writing, the stock is at $13.10, up 10.18%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, OSUR shares are 2.06% up with the monthly amount drift of -19.55% and seems bad in a long time frame.

On 30, November 2020, OraSure Technologies to Present at the 2020 Evercore ISI HealthCONx Conference. According to news published on Yahoo Finance, OraSure Technologies, Inc. (NASDAQ: OSUR), a leader in point of care diagnostic tests and specimen collection devices, today announced that Dr. Stephen S. Tang, President and CEO, will speak to the investment community at the 2020 Evercore ISI HealthCONx Conference. The conference will be simultaneously webcast over the Internet.

Analyst Birdseye View:

The most recent analyst activity for OraSure Technologies Inc. [NASDAQ:OSUR] stock was on August 10, 2020, when it was Initiated with a Neutral rating from JP Morgan, which also raised its 12-month price target on the stock to $18. Before that, on August 21, 2020, Evercore ISI Recapitulated an Outperform rating and elevated its amount target to $22. On August 10, 2020, Citigroup Initiated a Buy rating and boosted its price target on this stock to $18. On August 07, 2020, Raymond James Upgrade an Outperform rating and increased its price target to $16. On June 25, 2020, Lake Street Initiated a Buy rating and increased its price target to $19. On April 21, 2020, Stephens Resumed an Equal-weight rating and boosted its amount on this stock to $14. On October 23, 2018, Raymond James Resumed a Mkt perform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $5.23 and a peak of $19.75. Right now, the middling Wall Street analyst 12-month amount mark is $16.00. At the most recent market close, shares of OraSure Technologies Inc. [NASDAQ:OSUR] were valued at $13.10. According to the average price forecast, investors can expect a potential return of -20.56%.

FUNDAMENTAL ANALYSIS

OraSure Technologies Inc. [NASDAQ:OSUR] most recently reported quarterly sales of 48.01 billion, which represented growth of 33.30%. This publicly-traded organization’s revenue is $327,553 per employee, while its income is $35,288 per employee. This company’s Gross Margin is currently 59.00%, its Operating Margin is -5.60%, its Pretax Margin is +13.80, and its Net Margin is +10.77. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.01, 5.64, 3.01 and 5.59 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 2.30 and the whole liability to whole assets at 2.07. It shows enduring liability to the whole principal at 1.77 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 11.63 points at 1st support level, the second support level is making up to 11.37. But as of 1st resistance point, this stock is sitting at 12.15 and at 12.41 for 2nd resistance point.

OraSure Technologies Inc. [OSUR] reported its earnings at $0.01 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.07/share signifying the difference of 0.08 and 114.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.16 calling estimates for -$0.09/share with the difference of -0.07 depicting the surprise of -77.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for OraSure Technologies Inc. [NASDAQ:OSUR] is 8.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 4.78. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.23 and it’s amount to book ratio is 1.61.