Opko Health Stock Technical Analysis

OPK Stock  USD 1.07  0.06  5.94%   
As of the 28th of March, Opko Health holds the Variance of 34.52, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,485). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Opko Health, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Opko Health, which can be compared to its competitors. Please check Opko Health variance and potential upside to decide if Opko Health is priced some-what accurately, providing market reflects its current price of 1.07 per share. Given that Opko Health is a hitting penny stock territory we advise to closely look at its jensen alpha.

Opko Health Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Opko, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Opko
  
Opko Health's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Opko Health Analyst Consensus

Target PriceAdvice# of Analysts
4.48Strong Buy6Odds
Opko Health current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Opko analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Opko stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Opko Health, talking to its executives and customers, or listening to Opko conference calls.
Opko Analyst Advice Details
Opko Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Opko Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Opko Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Opko Health Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Opko Health volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Opko Health Trend Analysis

Use this graph to draw trend lines for Opko Health. You can use it to identify possible trend reversals for Opko Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Opko Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Opko Health Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Opko Health applied against its price change over selected period. The best fit line has a slop of   0.0032  , which may imply that the returns on investment in Opko Health will continue to fail. It has 122 observation points and a regression sum of squares at 0.38, which is the sum of squared deviations for the predicted Opko Health price change compared to its average price change.

About Opko Health Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Opko Health on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Opko Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Opko Health price pattern first instead of the macroeconomic environment surrounding Opko Health. By analyzing Opko Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Opko Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Opko Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Book Value Ratio1.850.580.820.78
Operating Cycle81.0891.7793.0188.36

Opko Health March 28, 2024 Technical Indicators

Most technical analysis of Opko help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Opko from various momentum indicators to cycle indicators. When you analyze Opko charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Opko Health March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Opko stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Opko Health is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Opko Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Opko Health Stock. Highlighted below are key reports to facilitate an investment decision about Opko Health Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opko Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Opko Stock please use our How to buy in Opko Stock guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Opko Stock analysis

When running Opko Health's price analysis, check to measure Opko Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Opko Health is operating at the current time. Most of Opko Health's value examination focuses on studying past and present price action to predict the probability of Opko Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opko Health's price. Additionally, you may evaluate how the addition of Opko Health to your portfolios can decrease your overall portfolio volatility.
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Is Opko Health's industry 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
(0.25)
Revenue Per Share
1.149
Quarterly Revenue Growth
(0.02)
Return On Assets
(0.05)
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.