A share price of Opgen Inc [OPGN] is currently trading at $0.58, up 22.36%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OPGN shares have gain 37.83% over the last week, with a monthly amount glided 72.49%, and seem to be holding up well over a long-time horizon.
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On 14, November 2023, OpGen Reports Third Quarter 2023 Financial Results and Provides Business Update. In a post published today on Yahoo Finance, Total revenue for the first nine months of 2023 was approximately $2.35 million compared to approximately $1.89 million in the first nine months of 2022.
From an analyst’s perspective:
Opgen Inc [NASDAQ: OPGN] stock has seen the most recent analyst activity on March 01, 2019, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $2.30. Previously, H.C. Wainwright reaffirmed its Buy rating on February 07, 2018, and elevated its price target to $9. On June 29, 2016, Rodman & Renshaw initiated with a Buy rating and assigned a price target of $2.50 on the stock.
Opgen Inc experienced fluctuations in its stock price throughout the past year between $0.17 and $3.84. Currently, Wall Street analysts expect the stock to reach $0.67 within the next 12 months. Opgen Inc [NASDAQ: OPGN] shares were valued at $0.58 at the most recent close of the market. An investor can expect a potential return of 15.52% based on the average OPGN price forecast.
Analyzing the OPGN fundamentals
Trailing Twelve Months sales for Opgen Inc [NASDAQ:OPGN] were 3.07M which represents 55.78% growth. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -5.98%, Pretax Profit Margin comes in at -8.52%, and Net Profit Margin reading is -8.76%. To continue investigating profitability, this company’s Return on Assets is posted at -1.48, Equity is -4.09 and Total Capital is -3.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5131 points at the first support level, and at 0.4419 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6200, and for the 2nd resistance point, it is at 0.6557.
Opgen Inc [OPGN] reported earnings per share of -$0.46 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.43/share, meaning a difference of -$0.03 and a surprise factor of -7.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.93 per share as compared to estimates of -$0.71 per share, a difference of -$0.22 representing a surprise of -31.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Opgen Inc [NASDAQ:OPGN] is 0.28. As well, the Quick Ratio is 0.18, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.91, the price to book ratio is 2.19.
