With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. The 52-week range on ORIC shows that it touched its highest point at $16.65 and its lowest point at $6.33 during that stretch. It currently has a 1-year price target of $19.27. Beta for the stock currently stands at 1.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ORIC was down-trending over the past week, with a drop of -9.57%, but this was down by -26.89% over a month. Three-month performance dropped to -14.96% while six-month performance fell -22.94%. The stock lost -26.74% in the past year, while it has lost -6.32% so far this year. A look at the trailing 12-month EPS for ORIC yields -1.83 with Next year EPS estimates of -2.14. For the next quarter, that number is -0.53. This implies an EPS growth rate of -13.71% for this year and -2.78% for next year. EPS is expected to decline by -9.63% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.32%.
Float and Shares Shorts:
At present, 71.02 million ORIC shares are outstanding with a float of 42.85 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ORIC since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.83176 being high and -$1.87202 being low. For ORIC, this leads to a yearly average estimate of -$1.85189. Based on analyst estimates, the high estimate for the next quarter is -$0.49 and the low estimate is -$0.58. The average estimate for the next quarter is thus -$0.54.
