Volatility Is Your Friend: Ontrak Inc (OTRK) Is Hot Again

Ontrak Inc (NASDAQ:OTRK) does about 7.27M shares in volume on a normal day but saw 1911541 shares change hands in Tuesday’s trading. The company now has a market cap of 14.30M USD. Its current market price is $0.30, marking an increase of 6.58% compared to the previous close of $0.28. The 52 week high reached by this stock is $4.08 whilst the lowest price level in 52 weeks is $0.14.

Ontrak Inc (OTRK) has a 20-day trading average at $0.2858 and the current price is -92.70% off the 52-week high compared with 120.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3112 and its 200-day simple moving average is $0.6462. If we look at the stock’s price movements over the week, volatility stands at 11.53%, which increases to 13.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.05 to suggest the stock is neutral.

The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 92.5% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 05, 2023 when ROTH MKM initiated the stock to “Buy” and issued a price target of $4. Cowen downgraded the stock to “Underperform” from Market Perform on August 20, 2021 at a price target of $35-$9. B. Riley Securities downgraded its price target at $15.

Ontrak Inc (OTRK) stock is up 12.03% over the week and -32.27% over the past month. Its price is -25.69% year-to-date and -89.64% over the past year.

To reach the target analysts have set, the stock logically needs to grow 92.5 percent from here.

The company has a return on investment of -231.85% and return on equity of -279.93%. The beta has a value of 2.67. Price to book ratio is 0.80 and price to sales ratio is 1.12.