OPKO Health to Report Second Quarter 2024 Financial Results on August 7, 2024
| OPK Stock | USD 1.51 0.06 4.14% |
About 56% of all Opko Health's institutional investors are looking to take a long position. The analysis of the overall investor sentiment regarding Opko Health suggests that some traders are interested. Opko Health's investing sentiment shows overall attitude of investors towards Opko Health.
Opko |
MIAMI, Aug. 01, 2024 -- OPKO Health, Inc. plans to report operating and financial results for the three and six months ended June 30, 2024 after the close of the U.S. financial markets on Wednesday, August 7, 2024. OPKOs senior management will provide a business update and discuss results as well as financial guidance during a conference call and live audio webcast on August 7th beginning at 430 p.m. Eastern time. CONFERENCE CALL WEBCAST INFORMATION OPKO encour
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Opko Health Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Opko Health can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Opko Health Fundamental Analysis
We analyze Opko Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Opko Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Opko Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
Opko Health is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Opko Health Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Opko Health stock to make a market-neutral strategy. Peer analysis of Opko Health could also be used in its relative valuation, which is a method of valuing Opko Health by comparing valuation metrics with similar companies.
Peers
Opko Health Related Equities
| CSTL | Castle Biosciences | 9.57 | ||||
| ME | 23Andme Holding | 4.76 | ||||
| BDSX | Biodesix | 2.76 | ||||
| TTOO | T2 Biosystms | 2.50 | ||||
| FLGT | Fulgent Genetics | 0.91 | ||||
| GH | Guardant Health | 0.75 | ||||
| A | Agilent Technologies | 0.72 | ||||
| ILMN | Illumina | 0.31 | ||||
| IDXX | IDEXX Laboratories | 0.44 | ||||
| NTRA | Natera | 1.08 | ||||
| CDNA | Caredx | 2.66 | ||||
| TWST | Twist Bioscience | 5.96 |
Check out Opko Health Hype Analysis, Opko Health Correlation and Opko Health Performance. For more information on how to buy Opko Stock please use our How to buy in Opko Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Opko Health. If investors know Opko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Opko Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.191 | Earnings Share (0.19) | Revenue Per Share | Quarterly Revenue Growth (0.03) | Return On Assets |
The market value of Opko Health is measured differently than its book value, which is the value of Opko that is recorded on the company's balance sheet. Investors also form their own opinion of Opko Health's value that differs from its market value or its book value, called intrinsic value, which is Opko Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Opko Health's market value can be influenced by many factors that don't directly affect Opko Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Opko Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Opko Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opko Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.