In yesterday’s Wall Street session, OptiNose Inc (NASDAQ:OPTN) shares traded at $1.46, down -1.35% from the previous session.
OPTN stock price is now -4.53% away from the 50-day moving average and 13.33% away from the 200-day moving average. The market capitalization of the company currently stands at $164.47M.
With the price target of $5, H.C. Wainwright recently initiated with Buy rating for OptiNose Inc (NASDAQ: OPTN). On August 21, 2023, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $3, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Mahmoud Ramy A, Chief Executive Officer sold 19,198 shares of the company’s stock on Mar 18 ’24. The stock was sold for $36,092 at an average price of $1.88. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,331,278 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Chief Legal Officer & Corp Sec Marino Michael F III sold 15,059 shares of the business’s stock. A total of $28,311 was realized by selling the stock at an average price of $1.88. This leaves the insider owning 602,268 shares of the company worth $0.88 million. A total of 28.71% of the company’s stock is owned by insiders.
During the past 12 months, OptiNose Inc has had a low of $0.90 and a high of $2.10. The fifty day moving average price for OPTN is $1.5292 and a two-hundred day moving average price translates $1.2882 for the stock.
The latest earnings results from OptiNose Inc (NASDAQ: OPTN) was released for Dec, 2023. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at -$0.09, inline with analysts’ expectations of -$0.09. This compares to -$0.15 EPS in the same period last year. The company reported revenue of $19.86 million for the quarter, compared to $20.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.76 percent. For the current quarter, analysts expect OPTN to generate $12.94M in revenue.
