Ontrak Announces New Contract with Large Northeast Regional Health Plan
| OTRK Stock | USD 1.62 0.04 2.41% |
About 67% of Ontrak's investor base is looking to short. The analysis of overall sentiment of trading Ontrak Inc stock suggests that many investors are alarmed at this time. Ontrak's investing sentiment shows overall attitude of investors towards Ontrak Inc.
Ontrak |
MIAMI, August 08, 2024--Ontrak, Inc. , a leading AI-powered and telehealth-enabled behavioral healthcare company announced the signing of a 2-year strategic partnership with a large, regional health plan in the Northeast, aimed at delivering a proactive, predictive and personalized behavioral health solution to its members in New York with chronic comorbidities and unaddressed behavioral health conditions.
Read at finance.yahoo.com
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Ontrak Investor Sentiment by Other News Outlets
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Ontrak Fundamental Analysis
We analyze Ontrak's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ontrak using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ontrak based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Ontrak is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Ontrak Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ontrak stock to make a market-neutral strategy. Peer analysis of Ontrak could also be used in its relative valuation, which is a method of valuing Ontrak by comparing valuation metrics with similar companies.
Peers
Ontrak Related Equities
| EXPI | EXp World | 0.69 | ||||
| GDRX | Goodrx Holdings | 0.81 | ||||
| AMWL | American Well | 1.64 | ||||
| BIGC | Bigcommerce Holdings | 3.62 | ||||
| ROOT | Root | 10.07 |
Check out Ontrak Hype Analysis, Ontrak Correlation and Ontrak Performance. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ontrak. If investors know Ontrak will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ontrak listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 31.91 | Revenue Per Share 4.585 | Quarterly Revenue Growth (0.17) | Return On Assets (0.45) | Return On Equity (3.41) |
The market value of Ontrak Inc is measured differently than its book value, which is the value of Ontrak that is recorded on the company's balance sheet. Investors also form their own opinion of Ontrak's value that differs from its market value or its book value, called intrinsic value, which is Ontrak's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ontrak's market value can be influenced by many factors that don't directly affect Ontrak's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ontrak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ontrak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ontrak's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.