Option Care Health Inc. (OPCH) stock hits $30.33: Is it a good time to buy or wait for a dip?

Option Care Health Inc. [OPCH] stock prices are up 1.81% to $30.33 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The OPCH shares have gain 3.27% over the last week, with a monthly amount glided 8.71%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Option Care Health Inc. [NASDAQ: OPCH] stock has seen the most recent analyst activity on July 16, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $36. On July 19, 2021, upgrade upgraded it’s rating to Buy and revised its price target to $25 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $22 on January 22, 2021. JP Morgan initiated its recommendation with a Overweight and recommended $21 as its price target on January 11, 2021. Goldman started tracking with a Neutral rating for this stock on December 15, 2020, and assigned it a price target of $18. In a note dated June 24, 2020, BofA/Merrill initiated an Buy rating and provided a target price of $18 on this stock.

The stock price of Option Care Health Inc. [OPCH] has been fluctuating between $26.11 and $35.74 over the past year. Currently, Wall Street analysts expect the stock to reach $38 within the next 12 months. Option Care Health Inc. [NASDAQ: OPCH] shares were valued at $30.33 at the most recent close of the market. An investor can expect a potential return of 25.29% based on the average OPCH price forecast.

Analyzing the OPCH fundamentals

The Option Care Health Inc. [NASDAQ:OPCH] reported sales of 4.43B for trailing twelve months, representing a surge of 12.82%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.19 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.

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 29.77 points at the first support level, and at 29.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.64, and for the 2nd resistance point, it is at 30.95.

Ratios To Look Out For

It’s worth pointing out that Option Care Health Inc. [NASDAQ:OPCH]’s Current Ratio is 1.77. On the other hand, the Quick Ratio is 1.39, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 3.69 and price to earnings (TTM) ratio is 19.96.

Transactions by insiders

Recent insider trading involved Bavaro Michael, Chief Human Resources Officer, that happened on Feb 28 ’24 when 1984.0 shares were sold. Director, KRAEMER HARRY M JANSEN JR completed a deal on Feb 26 ’24 to buy 35000.0 shares. Meanwhile, Director Bierbower Elizabeth D bought 3000.0 shares on Oct 30 ’23.

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