Option Care Health ( (OPCH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Option Care Health Inc. experienced unusual stock price movements despite reporting strong preliminary fourth-quarter revenue figures that exceeded expectations. Their revenue ranged from $1.34 billion to $1.35 billion against a consensus of $1.27 billion. The company projected net income between $56.8 million and $60.9 million and an adjusted EBITDA increase of approximately 6.4% to 9.1%. However, JMP Securities adjusted its price target downwards due to undisclosed considerations, which might have influenced the stock’s movement despite the robust financial results. Additionally, the company forecasted its FY25 net revenue to be slightly above the consensus, indicating positive long-term growth expectations.
More about Option Care Health
YTD Price Performance: 5.68%
Average Trading Volume: 2,153,113
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.08B
For further insights into OPCH stock on TipRanks’ Stock Analysis page.
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