Ontrak, Inc. (NASDAQ:OTRK - Free Report) - Analysts at Roth Capital cut their Q3 2024 earnings per share estimates for shares of Ontrak in a research note issued on Thursday, October 10th. Roth Capital analyst J. Aschoff now anticipates that the company will earn ($1.56) per share for the quarter, down from their previous estimate of ($1.50). The consensus estimate for Ontrak's current full-year earnings is ($7.35) per share. Roth Capital also issued estimates for Ontrak's Q4 2024 earnings at ($1.41) EPS, FY2024 earnings at ($7.39) EPS, FY2025 earnings at ($3.67) EPS, FY2026 earnings at ($0.36) EPS, FY2027 earnings at $0.06 EPS and FY2028 earnings at $0.10 EPS.
Separately, Roth Mkm dropped their price objective on Ontrak from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Friday, August 9th.
Read Our Latest Report on Ontrak
Ontrak Stock Up 3.7 %
Ontrak stock traded up $0.09 during trading hours on Monday, hitting $2.53. The stock had a trading volume of 476,265 shares, compared to its average volume of 696,535. The stock's 50-day moving average price is $0.88 and its 200-day moving average price is $0.49. The stock has a market capitalization of $121.36 million, a P/E ratio of -0.64 and a beta of 2.56. Ontrak has a 12-month low of $1.81 and a 12-month high of $21.29. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.43.
Ontrak (NASDAQ:OTRK - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The company had revenue of $2.45 million during the quarter, compared to analysts' expectations of $2.60 million. Ontrak had a negative return on equity of 238.43% and a negative net margin of 222.54%. During the same quarter in the previous year, the company earned ($1.84) EPS.
About Ontrak
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Ontrak, Inc operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to third-party payors in the United States. Its technology-enabled platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages and guides them to and through the care they need.
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