Shares of Ontrak (NASDAQ:OTRK) will be reversed on Monday, September 23

Shares of Ontrak, Inc. (NASDAQ:OTRK – Free Report) will be reversed on Monday, September 23. The 1-15 reverse split was announced on Thursday, September 19th. The number of shares held by shareholders will be adjusted after the closing bell on Friday, September 20th.

Ontrak Price Performance

Shares of OTRK stock traded down $0.01 during mid-day trading on Thursday, reaching $0.21. The company had a trading volume of 892,225 shares, compared to its average volume of 2,706,755. The company has a market cap of $9.88 million, a P/E ratio of -0.05 and a beta of 2.58. The stock’s 50-day moving average price is $0.23 and its 200-day moving average price is $0.26. Ontrak has a 52-week low of $0.14 and a 52-week high of $1.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.64, and a quick ratio of 3.64.

Ontrak (NASDAQ:OTRK – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). Ontrak had a negative net margin of 222.54% and a negative return on equity of 238.43%. The company had revenue of $2.45 million during the quarter, compared to the consensus estimate of $2.60 million. In the same quarter last year, the company posted earnings per share of ($1.84). equities research analysts forecast that Ontrak will post -0.49 earnings per share for the current year.

Changes in Analyst Ratings

Separately, Roth Mkm cut their price target on shares of Ontrak from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Read the latest stock analysis on OTRK

Institutional inputs and outputs

An institutional investor recently bought a new position in Ontrak shares. Armistice Capital LLC purchased a new position in shares of Ontrak, Inc. (NASDAQ:OTRK – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,886,000 shares of the company’s stock, valued at approximately $1,157,000. Armistice Capital LLC owned 10.47% of Ontrak as of its most recent SEC filing. 12.95% of shares are currently owned by institutional investors and hedge funds.

About Ontrak

(Get a free report)

Ontrak, Inc operates as a virtualized, AI-powered, telehealth-enabled healthcare company that provides in-person services to third-party payers in the United States. Its technology-based 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.

Further reading

Get news and reviews for Ontrak Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ontrak and related companies with MarketBeat.com’s FREE daily email newsletter.