Orasure Technologies Inc (OSUR) stock hits $3.84: Is it a good time to buy or wait for a dip?

Orasure Technologies Inc [OSUR] stock is trading at $3.84, down -0.78%. An important factor to consider is whether the stock is rising or falling in short-term value.

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From an analyst’s perspective:

Previously, Raymond James downgraded its rating to Mkt Perform on September 22, 2021. On August 21, 2020, Evercore ISI initiated with a Outperform rating and assigned a price target of $22 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $18 on August 10, 2020. Citigroup initiated its recommendation with a Buy and recommended $18 as its price target on August 10, 2020. Raymond James upgraded its rating to Outperform for this stock on August 07, 2020, but kept the price target unchanged to $16. In a note dated June 25, 2020, Lake Street initiated an Buy rating and provided a target price of $19 on this stock.

Orasure Technologies Inc [OSUR] stock has fluctuated between $3.72 and $8.45 over the past year. Currently, Wall Street analysts expect the stock to reach $4.5 within the next 12 months. Orasure Technologies Inc [NASDAQ: OSUR] shares were valued at $3.84 at the most recent close of the market. An investor can expect a potential return of 17.19% based on the average OSUR price forecast.

Analyzing the OSUR fundamentals

Orasure Technologies Inc [NASDAQ:OSUR] reported sales of 224.26M for the trailing twelve months, which represents a drop of -55.25%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -0.01%, 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 0.02, Equity is 0.03 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.

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 3.78 points at the first support level, and at 3.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.92, and for the 2nd resistance point, it is at 4.00.

Ratios To Look Out For

For context, Orasure Technologies Inc’s Current Ratio is 12.60. On the other hand, the Quick Ratio is 11.20, and the Cash Ratio is 10.03. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 0.67 and price to earnings (TTM) ratio is 25.53.

Transactions by insiders

Recent insider trading involved Weber Kathleen Gallagher, Chief Product Officer, that happened on Dec 19 ’23 when 24129.0 shares were sold.

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